Chiikishinbunsha Co (TSE:2164) Inventory Turnover : 14.70 (As of Feb. 2024)

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What is Chiikishinbunsha 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. Chiikishinbunsha Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円215 Mil. Chiikishinbunsha Co's Average Total Inventories for the quarter that ended in Feb. 2024 was 円15 Mil. Chiikishinbunsha Co's Inventory Turnover for the quarter that ended in Feb. 2024 was 14.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chiikishinbunsha Co's Days Inventory for the three months ended in Feb. 2024 was 6.21.

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. Chiikishinbunsha Co's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.02.

Chiikishinbunsha Co Inventory Turnover Historical Data

The historical data trend for Chiikishinbunsha 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.

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Chiikishinbunsha Co Inventory Turnover Chart

Chiikishinbunsha Co Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Inventory Turnover

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82.29

76.66

89.45

79.16

71.65

Chiikishinbunsha 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															22.54	17.33	13.54	16.78	14.70

Chiikishinbunsha Co Inventory Turnover Calculation

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

	Inventory Turnover (A: Aug. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Aug. 2023 )	/ (	(Total Inventories (A: Aug. 2022 )	+	Total Inventories (A: Aug. 2023 ))	/	count )
=	796.446	/ (	(9.074	+	13.158)	/	2 )
=	796.446	/	11.116
=	71.65

Chiikishinbunsha 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 )
=	215.132	/ (	(12.755	+	16.524)	/	2 )
=	215.132	/	14.6395
=	14.70

Chiikishinbunsha Co (TSE:2164) 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.

Chiikishinbunsha 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
	=	14.6395	/	215.132	*	365 / 4
	=	6.21

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.

Chiikishinbunsha 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 )
	=	14.6395	/	750.524
	=	0.02

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.

Chiikishinbunsha Co Inventory Turnover Related Terms

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Chiikishinbunsha Co (TSE:2164) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Chiikishinbunsha Co Ltd (TSE:2164) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

1-1-1 Sakaimachi, Asahi Life Funabashi Sakaimachi Building 5th Floor, Chiba Prefecture, Funabashi, JPN, 273-0011

Website

http://www.chiikinews.co.jp

Chiikishinbunsha Co Ltd is engaged in publishing a local newspaper. It provides design and production of various types of printed matter; distribution business of various promotional products; collection, processing, and sale of various kinds of information; and business related to solicitation of life insurance and non-life insurance.

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