Isetan Mitsukoshi Holdings (TSE:3099) Inventory Turnover : 2.30 (As of Dec. 2023)

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What is Isetan Mitsukoshi Holdings 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. Isetan Mitsukoshi Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was 円62,646 Mil. Isetan Mitsukoshi Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was 円27,218 Mil. Isetan Mitsukoshi Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Isetan Mitsukoshi Holdings's Days Inventory for the three months ended in Dec. 2023 was 39.64.

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. Isetan Mitsukoshi Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.18.

Isetan Mitsukoshi Holdings Inventory Turnover Historical Data

The historical data trend for Isetan Mitsukoshi Holdings'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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Isetan Mitsukoshi Holdings Inventory Turnover Chart

Isetan Mitsukoshi Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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18.02

16.49

6.33

7.82

8.49

Isetan Mitsukoshi Holdings 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															1.82	1.87	2.02	2.30	2.05

Isetan Mitsukoshi Holdings Inventory Turnover Calculation

Isetan Mitsukoshi Holdings'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 )
=	217504	/ (	(25983	+	25254)	/	2 )
=	217504	/	25618.5
=	8.49

Isetan Mitsukoshi Holdings'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 )
=	62646	/ (	(26686	+	27749)	/	2 )
=	62646	/	27217.5
=	2.30

Isetan Mitsukoshi Holdings (TSE:3099) 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.

Isetan Mitsukoshi Holdings'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
	=	27217.5	/	62646	*	365 / 4
	=	39.64

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.

Isetan Mitsukoshi Holdings'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 )
	=	27217.5	/	153253
	=	0.18

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.

Isetan Mitsukoshi Holdings Inventory Turnover Related Terms

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Isetan Mitsukoshi Holdings (TSE:3099) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Isetan Mitsukoshi Holdings Ltd (TSE:3099) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

4HP:Germany

Address

5-16-10 Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-0022

Website

https://www.imhds.co.jp

Isetan Mitsukoshi Holdings Ltd. is a Japan-based holding company. It is engaged in the management planning and management of subsidiaries and group companies engaged in the department store and other businesses as well as the handling of all related operations. The company has three flagship Stores, The Isetan Shinjuku Main Store which gives life to art, music, and future entertainment, The Mitsukoshi Nihombashi Main Store creates art and culture that appeal to a new segment of customers, and The Mitsukoshi Ginza Store which has refined itself to serve the needs of a global clientele.

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