Studio Alice Co (TSE:2305) Inventory Turnover : 2.78 (As of Feb. 2024)

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What is Studio Alice 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. Studio Alice Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円7,069 Mil. Studio Alice Co's Average Total Inventories for the quarter that ended in Feb. 2024 was 円2,538 Mil. Studio Alice Co's Inventory Turnover for the quarter that ended in Feb. 2024 was 2.78.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Studio Alice Co's Days Inventory for the three months ended in Feb. 2024 was 32.77.

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. Studio Alice Co's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.28.

Studio Alice Co Inventory Turnover Historical Data

The historical data trend for Studio Alice 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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Studio Alice Co Inventory Turnover Chart

Studio Alice Co Annual Data

Trend

Dec15

Dec16

Dec17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Inventory Turnover

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16.42

12.46

14.32

15.38

13.67

Studio Alice 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															2.63	3.25	3.15	2.98	2.78

Studio Alice Co Inventory Turnover Calculation

Studio Alice Co's Inventory Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Inventory Turnover (A: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2024 )	/ (	(Total Inventories (A: Feb. 2023 )	+	Total Inventories (A: Feb. 2024 ))	/	count )
=	28061.584	/ (	(2081.004	+	2024.053)	/	2 )
=	28061.584	/	2052.5285
=	13.67

Studio Alice 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 )
=	7068.608	/ (	(3052.944	+	2024.053)	/	2 )
=	7068.608	/	2538.4985
=	2.78

Studio Alice Co (TSE:2305) 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.

Studio Alice 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
	=	2538.4985	/	7068.608	*	365 / 4
	=	32.77

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.

Studio Alice 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 )
	=	2538.4985	/	8979.645
	=	0.28

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.

Studio Alice Co Inventory Turnover Related Terms

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Studio Alice Co (TSE:2305) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Studio Alice Co Ltd (TSE:2305) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-8-17 Umeda, Kita-ku, Osaka, JPN, 530-0001

Website

http://www.studio-alice.co.jp

Studio Alice Co Ltd is a Japan-based company, engages in the photography business. The company offers shooting, production, and processing of studio photos and the production and printing of displays. It also provides production and sales of dresses and clothes for photo shooting. It offers maternity photo, shrine visit, one hundred days celebration, peach's festival, half birthday, birthday photo, admission, graduation, 1/2 adult ceremony, thirteen celebration, adult ceremony, bridal, and family picture shooting services.

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