Optimus Group Co (TSE:9268) Inventory Turnover : 0.91 (As of Dec. 2023)

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What is Optimus Group 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. Optimus Group Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円18,008 Mil. Optimus Group Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円19,846 Mil. Optimus Group Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Optimus Group Co's Days Inventory for the three months ended in Dec. 2023 was 100.56.

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. Optimus Group Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.92.

Optimus Group Co Inventory Turnover Historical Data

The historical data trend for Optimus Group 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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Optimus Group Co Inventory Turnover Chart

Optimus Group Co Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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12.95

8.01

7.84

6.94

5.07

Optimus Group 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															2.02	1.69	2.15	0.91	1.62

Optimus Group Co Inventory Turnover Calculation

Optimus Group Co'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 )
=	103512	/ (	(7638.936	+	33171)	/	2 )
=	103512	/	20404.968
=	5.07

Optimus Group 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 )
=	18008.022	/ (	(7578.303	+	32114.293)	/	2 )
=	18008.022	/	19846.298
=	0.91

Optimus Group Co (TSE:9268) 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.

Optimus Group 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
	=	19846.298	/	18008.022	*	365 / 4
	=	100.56

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.

Optimus Group 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 )
	=	19846.298	/	21583.842
	=	0.92

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.

Optimus Group Co Inventory Turnover Related Terms

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Optimus Group Co (TSE:9268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Optimus Group Co Ltd (TSE:9268) » Definitions » Inventory Turnover

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OPTGF:USA

Address

3-14-4 Shiba, Minato-ku, Tokyo, JPN, 105-0014

Website

https://www.optimusgroup.co.jp

Optimus Group Co Ltd is a Japan-based company, engages in the automotive dealership business. It operates through the following business divisions: Trading, distribution, financial service, and Inspection. The Trading division is engaged in the purchase and sales of used cars. The Logistics division is engaged in the provision of logistics services. The Services division is engaged in the provision of services to the dealers in New Zealand and general customers. The Inspection divisions are engaged in the inspection business related to the export of used cars.

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