CRI Middleware Co (TSE:3698) Inventory Turnover : 17.38 (As of Mar. 2024)

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What is CRI Middleware 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. CRI Middleware Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円365 Mil. CRI Middleware Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円21 Mil. CRI Middleware Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 17.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CRI Middleware Co's Days Inventory for the three months ended in Mar. 2024 was 5.25.

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. CRI Middleware Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

CRI Middleware Co Inventory Turnover Historical Data

The historical data trend for CRI Middleware 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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CRI Middleware Co Inventory Turnover Chart

CRI Middleware Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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52.11

19.52

32.05

84.76

69.50

CRI Middleware Co 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															13.88	9.75	15.39	16.14	17.38

CRI Middleware Co Inventory Turnover Calculation

CRI Middleware Co's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	1258.372	/ (	(22.291	+	13.919)	/	2 )
=	1258.372	/	18.105
=	69.50

CRI Middleware Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	365.412	/ (	(25.364	+	16.69)	/	2 )
=	365.412	/	21.027
=	17.38

CRI Middleware Co (TSE:3698) 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.

CRI Middleware Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	21.027	/	365.412	*	365 / 4
	=	5.25

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.

CRI Middleware Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	21.027	/	826.565
	=	0.03

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.

CRI Middleware Co Inventory Turnover Related Terms

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CRI Middleware Co (TSE:3698) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » CRI Middleware Co Ltd (TSE:3698) » Definitions » Inventory Turnover

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Address

9th floor, Sumitomo Realty & Development Aoyama communication building, 1-chome 7th No. 7, Shibuya, Shibuya-ku, Tokyo, JPN, 150-0002

Website

http://www.cri-mw.co.jp

CRI Middleware Co Ltd is a provider of audio and video solutions for the gaming industry. It is engaged in the research and development of voice, video and file systems. Further, it also provides sales and support of middleware products. Geographically, the activities are carried out through the region of Japan.

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