Ichikawa Co (TSE:3513) Inventory Turnover : 0.48 (As of Dec. 2023)

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What is Ichikawa 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. Ichikawa Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,764 Mil. Ichikawa Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円3,705 Mil. Ichikawa Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ichikawa Co's Days Inventory for the three months ended in Dec. 2023 was 191.66.

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. Ichikawa Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.15.

Ichikawa Co Inventory Turnover Historical Data

The historical data trend for Ichikawa 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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Ichikawa Co Inventory Turnover Chart

Ichikawa Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.32

2.20

2.16

2.32

2.36

Ichikawa Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.62	0.56	0.54	0.56	0.48

Ichikawa Co Inventory Turnover Calculation

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

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	7916	/ (	(3232	+	3463)	/	2 )
=	7916	/	3347.5
=	2.36

Ichikawa Co'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 )
=	1764	/ (	(3642	+	3768)	/	2 )
=	1764	/	3705
=	0.48

Ichikawa Co (TSE:3513) 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.

Ichikawa Co'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
	=	3705	/	1764	*	365 / 4
	=	191.66

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.

Ichikawa Co'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 )
	=	3705	/	3226
	=	1.15

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.

Ichikawa Co Inventory Turnover Related Terms

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Ichikawa Co (TSE:3513) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Ichikawa Co Ltd (TSE:3513) » Definitions » Inventory Turnover

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Address

14 - 15, Hongo 2 Chome, Bunkyo ku, Hongo 2, Tokyo, JPN, 113-8442

Website

http://www.ik-felt.co.jp

Ichikawa Co Ltd is engaged in the manufacture and distribution of papermaking felts, papermaking belts, felts for slate and industrial felts in Japan. It offers papermaking press felts and belts, and shoe press and transfer belts; industrial products, such as heat-resistant conveyance equipment and cushioning material for use in the manufacture of car bodies, aluminum parts, and others.

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