NEXTAGE Co (TSE:3186) Inventory Turnover : 1.56 (As of Feb. 2024)

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What is NEXTAGE 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. NEXTAGE Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円98,256 Mil. NEXTAGE Co's Average Total Inventories for the quarter that ended in Feb. 2024 was 円63,108 Mil. NEXTAGE Co's Inventory Turnover for the quarter that ended in Feb. 2024 was 1.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. NEXTAGE Co's Days Inventory for the three months ended in Feb. 2024 was 58.61.

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. NEXTAGE Co's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.53.

NEXTAGE Co Inventory Turnover Historical Data

The historical data trend for NEXTAGE 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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NEXTAGE Co Inventory Turnover Chart

NEXTAGE Co Annual Data

Trend

Nov14

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Inventory Turnover

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5.76

5.42

6.21

5.96

5.66

NEXTAGE 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															1.52	1.55	1.67	1.60	1.56

NEXTAGE Co Inventory Turnover Calculation

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

	Inventory Turnover (A: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2023 )	/ (	(Total Inventories (A: Nov. 2022 )	+	Total Inventories (A: Nov. 2023 ))	/	count )
=	376637	/ (	(73432	+	59589)	/	2 )
=	376637	/	66510.5
=	5.66

NEXTAGE 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 )
=	98256	/ (	(59589	+	66627)	/	2 )
=	98256	/	63108
=	1.56

NEXTAGE Co (TSE:3186) 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.

NEXTAGE 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
	=	63108	/	98256	*	365 / 4
	=	58.61

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.

NEXTAGE 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 )
	=	63108	/	119457
	=	0.53

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.

NEXTAGE Co Inventory Turnover Related Terms

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NEXTAGE Co (TSE:3186) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » NEXTAGE Co Ltd (TSE:3186) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

3186:Japan

Address

1-26-8 Aoi Higashi-ku, Aichi Prefecture, Nagoya, JPN, 461-0004

Website

http://www.nextage.jp

NEXTAGE Co Ltd is principally engaged in the dealing of used cars. It is primarily involved in operation, maintenance, insurance agency and automobile dealing of retails used domestic cars as well as sells imported cars and SUV/vans. In addition, the company operates an automobile maintenance business.

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