Altech Co (TSE:9972) Inventory Turnover : 0.92 (As of Feb. 2024)

View and export this data going back to 1998. Start your Free Trial

What is Altech Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Altech Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円3,266 Mil. Altech Co's Average Total Inventories for the quarter that ended in Feb. 2024 was 円3,563 Mil. Altech Co's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Altech Co's Days Inventory for the three months ended in Feb. 2024 was 99.56.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Altech Co's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.88.

Altech Co Inventory Turnover Historical Data

The historical data trend for Altech Co's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Altech Co Inventory Turnover Chart

Altech Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Inventory Turnover

Get a 7-Day Free Trial

5.90

4.75

3.53

3.99

4.38

Altech Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															0.89	0.77	1.01	1.20	0.92

Altech Co Inventory Turnover Calculation

Altech Co's Inventory Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Inventory Turnover (A: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2023 )	/ (	(Total Inventories (A: Nov. 2022 )	+	Total Inventories (A: Nov. 2023 ))	/	count )
=	14688.199	/ (	(3029.404	+	3682.935)	/	2 )
=	14688.199	/	3356.1695
=	4.38

Altech Co's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	3266.039	/ (	(3682.935	+	3443.908)	/	2 )
=	3266.039	/	3563.4215
=	0.92

Altech Co (TSE:9972) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Altech Co's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	3563.4215	/	3266.039	*	365 / 4
	=	99.56

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Altech Co's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	3563.4215	/	4064.216
	=	0.88

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Altech Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Altech Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Altech Co (TSE:9972) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Altech Co Ltd (TSE:9972) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sumitomo Irifune Bldg, 2nd Floor, 1-1 Irifune 2-chome, Chuo-ku, Tokyo, JPN, 104-0042

Website

http://www.altech.co.jp

Altech Co Ltd is engaged in purchase and sale of industrial machinery and equipments and related services, manufacture and sale of plastic molded products.The company has two reported segments Wholesale business and Preform business. Wholesale business purchases and sells industrial machinery and equipments and provides related services. Preform business manufactures and sells performs for PET bottles, plastic caps and provides related services.

Altech Co (TSE:9972) Headlines

No Headlines