GURUFOCUS.COM » STOCK LIST » Technology » Hardware » GDEP Advance Inc (TSE:5885) » Definitions » Inventory Turnover

GDEP Advance (TSE:5885) Inventory Turnover : 1.65 (As of Feb. 2024)


View and export this data going back to 2023. Start your Free Trial

What is GDEP Advance 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. GDEP Advance's Cost of Goods Sold for the three months ended in Feb. 2024 was 円1,084 Mil. GDEP Advance's Average Total Inventories for the quarter that ended in Feb. 2024 was 円657 Mil. GDEP Advance's Inventory Turnover for the quarter that ended in Feb. 2024 was 1.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GDEP Advance's Days Inventory for the three months ended in Feb. 2024 was 55.30.

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. GDEP Advance's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.48.

GDEP Advance Inventory Turnover Historical Data

The historical data trend for GDEP Advance'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.

* Premium members only.

GDEP Advance Inventory Turnover Chart

GDEP Advance Annual Data
Trend May21 May22 May23
Inventory Turnover
9.26 6.01 4.40

GDEP Advance Quarterly Data
May21 May22 Feb23 May23 Aug23 Nov23 Feb24
Inventory Turnover Get a 7-Day Free Trial - 0.84 0.78 1.47 1.65

GDEP Advance Inventory Turnover Calculation

GDEP Advance's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

Inventory Turnover (A: May. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: May. 2023 ) / ((Total Inventories (A: May. 2022 ) + Total Inventories (A: May. 2023 )) / count )
=2877.098 / ((607.215 + 701.167) / 2 )
=2877.098 / 654.191
=4.40

GDEP Advance'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 )
=1084.48 / ((641.13 + 673.208) / 2 )
=1084.48 / 657.169
=1.65

* 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.

GDEP Advance  (TSE:5885) 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.

GDEP Advance'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
=657.169/1084.48*365 / 4
=55.30

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.

GDEP Advance'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 )
=657.169 / 1372.827
=0.48

* 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.

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.

GDEP Advance Inventory Turnover Related Terms

Thank you for viewing the detailed overview of GDEP Advance's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

GDEP Advance (TSE:5885) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » GDEP Advance Inc (TSE:5885) » Definitions » Inventory Turnover
Comparable Companies
TSE:3021 TSE:6597 TSE:6862 TSE:6840 TSE:6232 TSE:4287 TSE:7709 TSE:6599 TSE:3054 TSE:6803 ANET DELL SZSE:002415 HPQ TSE:7751 TPE:2382 SHSE:688041 NTAP STX HKSE:00992
Traded in Other Exchanges
N/A
Address
3-4-33 Kokubuncho, 8th floor, Sendai Jozenji Building, Aoba-ku, Sendai, JPN, 980-0803
Website
https://info.gdep.co.jp
GDEP Advance Inc is engaged in the Sales Business of hardware and other products that enable advanced processing such as AI learning. The company's products include Graphic boards, Computing boards, FPGA boards, Deep learning boxes, fsv-rm1u4b, and others.

GDEP Advance (TSE:5885) Headlines

No Headlines