FANCL (TSE:4921) Inventory Turnover : 0.72 (As of Dec. 2023)

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What is FANCL 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. FANCL's Cost of Goods Sold for the three months ended in Dec. 2023 was 円9,280 Mil. FANCL's Average Total Inventories for the quarter that ended in Dec. 2023 was 円12,955 Mil. FANCL's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FANCL's Days Inventory for the three months ended in Dec. 2023 was 127.39.

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. FANCL's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.44.

FANCL Inventory Turnover Historical Data

The historical data trend for FANCL'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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FANCL Inventory Turnover Chart

FANCL Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.07

2.84

3.06

3.03

3.01

FANCL 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															0.76	0.75	0.73	0.72	0.77

FANCL Inventory Turnover Calculation

FANCL'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 )
=	36692	/ (	(11531	+	12848)	/	2 )
=	36692	/	12189.5
=	3.01

FANCL'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 )
=	9280	/ (	(12752	+	13158)	/	2 )
=	9280	/	12955
=	0.72

FANCL (TSE:4921) 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.

FANCL'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
	=	12955	/	9280	*	365 / 4
	=	127.39

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.

FANCL'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 )
	=	12955	/	29338
	=	0.44

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.

FANCL Inventory Turnover Related Terms

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FANCL (TSE:4921) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » FANCL Corp (TSE:4921) » Definitions » Inventory Turnover

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Traded in Other Exchanges

4P2:Germany

Address

89-1 Yamashita-cho, Naka-ku, Yokohama, JPN, 231-8528

Website

http://www.fancl.co.jp

FANCL Corp is a Japan-based company that is principally engaged in manufacturing and selling cosmetics and health related products through subsidiaries. The company operates through three business segments. The cosmetics business provides additive-free skin care products. The Nutraceutical related business produces and distributes health food products. The other related business offers germinated rice, green juice and other products. The cosmetics business and the Nutraceutical related business jointly contribute most of the company's revenue. The company distributes its products mainly through mail order sales, store sales and wholesale. The company generates majority of its total revenue from the domestic market.

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