House Foods Group (TSE:2810) Inventory Turnover : 1.70 (As of Dec. 2023)

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What is House Foods Group 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. House Foods Group's Cost of Goods Sold for the three months ended in Dec. 2023 was 円52,132 Mil. House Foods Group's Average Total Inventories for the quarter that ended in Dec. 2023 was 円30,699 Mil. House Foods Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. House Foods Group's Days Inventory for the three months ended in Dec. 2023 was 53.73.

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. House Foods Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.37.

House Foods Group Inventory Turnover Historical Data

The historical data trend for House Foods Group'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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House Foods Group Inventory Turnover Chart

House Foods Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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8.25

7.98

7.36

6.96

6.49

House Foods Group 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															1.63	1.54	1.53	1.70	1.55

House Foods Group Inventory Turnover Calculation

House Foods Group'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 )
=	190644	/ (	(27984	+	30781)	/	2 )
=	190644	/	29382.5
=	6.49

House Foods Group'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 )
=	52132	/ (	(30559	+	30839)	/	2 )
=	52132	/	30699
=	1.70

House Foods Group (TSE:2810) 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.

House Foods Group'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
	=	30699	/	52132	*	365 / 4
	=	53.73

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.

House Foods Group'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 )
	=	30699	/	82873
	=	0.37

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.

House Foods Group Inventory Turnover Related Terms

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House Foods Group (TSE:2810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » House Foods Group Inc (TSE:2810) » Definitions » Inventory Turnover

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Address

6-3 Kioicho, Chiyoda-ward, Tokyo, JPN, 102-8560

Website

https://www.housefoods.jp

House Foods Group Inc is a Japan-based company which produces and sells processed foods including curry roux, and spices. It also diversifies into snacks, instant noodles, and retort pouch products. The company's segments include Spice / Seasoning / Processed Food Business, Health Food Business, International Food Business. The Spice / Seasoning / Processed Food Business contributes to the majority of the company's revenue.

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