Hyuga Primary Care Co (TSE:7133) Inventory Turnover : 6.43 (As of Dec. 2023)

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What is Hyuga Primary Care 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. Hyuga Primary Care Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,649 Mil. Hyuga Primary Care Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円257 Mil. Hyuga Primary Care Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hyuga Primary Care Co's Days Inventory for the three months ended in Dec. 2023 was 14.20.

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. Hyuga Primary Care Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

Hyuga Primary Care Co Inventory Turnover Historical Data

The historical data trend for Hyuga Primary Care 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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Hyuga Primary Care Co Inventory Turnover Chart

Hyuga Primary Care Co Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

15.01

20.09

27.28

29.80

Hyuga Primary Care Co Quarterly Data
	Mar20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial							5.85	5.97	7.14	7.11	6.43

Hyuga Primary Care Co Inventory Turnover Calculation

Hyuga Primary Care 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 )
=	5094.893	/ (	(156.261	+	185.708)	/	2 )
=	5094.893	/	170.9845
=	29.80

Hyuga Primary Care 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 )
=	1648.525	/ (	(247.01	+	266.098)	/	2 )
=	1648.525	/	256.554
=	6.43

Hyuga Primary Care Co (TSE:7133) 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.

Hyuga Primary Care 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
	=	256.554	/	1648.525	*	365 / 4
	=	14.20

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.

Hyuga Primary Care 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 )
	=	256.554	/	2197.002
	=	0.12

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.

Hyuga Primary Care Co Inventory Turnover Related Terms

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Hyuga Primary Care Co (TSE:7133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Hyuga Primary Care Co Ltd (TSE:7133) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

2-2-1 Kasugabaru Kitamachi, Fukuoka Prefecture, Kasuga, JPN

Website

https://www.hyuga-primary.care

Hyuga Primary Care Co Ltd is engaged in operation of special nursing homes for the elderly, group homes, paid nursing homes with nursing care, residential area-type paid nursing homes, elderly housing with services, and small-scale multifunctional home care.

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