Yurtec (TSE:1934) Inventory Turnover : 19.71 (As of Dec. 2023)

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What is Yurtec 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. Yurtec's Cost of Goods Sold for the three months ended in Dec. 2023 was 円58,389 Mil. Yurtec's Average Total Inventories for the quarter that ended in Dec. 2023 was 円2,963 Mil. Yurtec's Inventory Turnover for the quarter that ended in Dec. 2023 was 19.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yurtec's Days Inventory for the three months ended in Dec. 2023 was 4.63.

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. Yurtec's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Yurtec Inventory Turnover Historical Data

The historical data trend for Yurtec'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.

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Yurtec Inventory Turnover Chart

Yurtec Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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55.33

57.50

91.22

165.94

192.59

Yurtec Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															23.92	23.14	18.23	19.71	27.83

Yurtec Inventory Turnover Calculation

Yurtec's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	210884	/ (	(1070	+	1120)	/	2 )
=	210884	/	1095
=	192.59

Yurtec's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	58389	/ (	(2837	+	3089)	/	2 )
=	58389	/	2963
=	19.71

Yurtec (TSE:1934) 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.

Yurtec's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	2963	/	58389	*	365 / 4
	=	4.63

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.

Yurtec's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2963	/	67166
	=	0.04

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.

Yurtec Inventory Turnover Related Terms

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Yurtec (TSE:1934) Business Description

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Address

4-1-1 Tsutsujigaoka, Sendai, Miyagi, JPN, 983-8622

Website

http://www.yurtec.co.jp

Yurtec Corp is an engineering and construction company. It constructs, maintains and repairs electric power facilities of Tohoku Electric Power Co., Ltd. Its services include air conditioning equipment, plumbing sanitation facilities, information and communication equipment of various facilities and are also responsible for safety and security. It also deals with company transmission and transformation, construction and maintenance of power distribution equipment, construction related to information communication networks, and more. The company mainly operates in Japan.

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