MIRAI (TSE:3476) Inventory Turnover : 0.00 (As of Apr. 2023)

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What is MIRAI 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. MIRAI's Cost of Goods Sold for the six months ended in Apr. 2023 was 円2,902 Mil. MIRAI's Average Total Inventories for the quarter that ended in Apr. 2023 was 円0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. MIRAI's Days Inventory for the six months ended in Apr. 2023 was 0.00.

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. MIRAI's Inventory-to-Revenue for the quarter that ended in Apr. 2023 was 0.00.

MIRAI Inventory Turnover Historical Data

The historical data trend for MIRAI'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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MIRAI Inventory Turnover Chart

MIRAI Annual Data

Trend

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Inventory Turnover

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MIRAI Semi-Annual Data
	May16	Apr17	Oct17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23
Inventory Turnover	Get a 7-Day Free Trial									-	-	-	-	-

MIRAI Inventory Turnover Calculation

MIRAI's Inventory Turnover for the fiscal year that ended in Oct. 2022 is calculated as

	Inventory Turnover (A: Oct. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2022 )	/ (	(Total Inventories (A: Oct. 2021 )	+	Total Inventories (A: Oct. 2022 ))	/	count )
=	4697.143	/ (	(0	+	0)	/	1 )
=	4697.143	/	0
=	N/A

MIRAI's Inventory Turnover for the quarter that ended in Apr. 2023 is calculated as

	Inventory Turnover (Q: Apr. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2023 )	/ (	(Total Inventories (Q: Oct. 2022 )	+	Total Inventories (Q: Apr. 2023 ))	/	count )
=	2901.732	/ (	(0	+	0)	/	1 )
=	2901.732	/	0
=	N/A

MIRAI (TSE:3476) 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.

MIRAI's Days Inventory for the six months ended in Apr. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2023 )	/	Cost of Goods Sold (Q: Apr. 2023 )	*	Days in Period
	=	0	/	2901.732	*	365 / 2
	=	0.00

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.

MIRAI's Inventory to Revenue for the quarter that ended in Apr. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2023 )	/	Revenue (Q: Apr. 2023 )
	=	0	/	6308.962
	=	0.00

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.

MIRAI Inventory Turnover Related Terms

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MIRAI (TSE:3476) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » MIRAI Corp (TSE:3476) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No. 2, No. 1, Nishikamada, Chiyoda-ku, Tokyo, JPN, 101-0065

Website

http://www.3476.jp

MIRAI Corp is a Japanese real estate investment trust. The company invests in diversified portfolio of real estate properties including office buildings, retail properties and hotel.

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