Hokkaido Electric Power Co (TSE:9509) Inventory Turnover : 2.57 (As of Dec. 2023)

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What is Hokkaido Electric Power 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. Hokkaido Electric Power Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円220,937 Mil. Hokkaido Electric Power Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円86,098 Mil. Hokkaido Electric Power Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hokkaido Electric Power Co's Days Inventory for the three months ended in Dec. 2023 was 35.56.

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. Hokkaido Electric Power Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.38.

Hokkaido Electric Power Co Inventory Turnover Historical Data

The historical data trend for Hokkaido Electric Power 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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Hokkaido Electric Power Co Inventory Turnover Chart

Hokkaido Electric Power Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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18.01

15.81

18.75

14.11

10.65

Hokkaido Electric Power 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															2.73	1.97	2.42	2.57	3.11

Hokkaido Electric Power Co Inventory Turnover Calculation

Hokkaido Electric Power 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 )
=	852628	/ (	(92122	+	67989)	/	2 )
=	852628	/	80055.5
=	10.65

Hokkaido Electric Power 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 )
=	220937	/ (	(80563	+	91633)	/	2 )
=	220937	/	86098
=	2.57

Hokkaido Electric Power Co (TSE:9509) 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.

Hokkaido Electric Power 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
	=	86098	/	220937	*	365 / 4
	=	35.56

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.

Hokkaido Electric Power 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 )
	=	86098	/	227002
	=	0.38

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.

Hokkaido Electric Power Co Inventory Turnover Related Terms

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Hokkaido Electric Power Co (TSE:9509) Business Description

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GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Hokkaido Electric Power Co Inc (TSE:9509) » Definitions » Inventory Turnover

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9509:Japan

Address

2, Higashi 1-chome, Odori, Chuo-ku, Sapporo, Hokkaido, JPN, 060-8677

Website

http://www.hepco.co.jp

Hokkaido Electric Power Co, Inc. or HEPCO, is a Japanese electric utility that serves the northernmost island of Hokkaido. HEPCO is involved in the generation, transmission, and distribution of electric energy on the island. The company utilizes a portfolio of hydroelectric, steam, gas, internal combustion, nuclear, geothermal, and solar power plants to do this. While Most of HEPCO's sites are hydroelectric, the company's fossil fuel facilities represent the vast majority of its total energy production and production capacity. Hokkaido Electric Power's electric utility business is responsible for nearly all of its revenue with sales split mainly between residential and commercial/industrial customer groups. Most electrical output, however, is transmitted to residential customers.

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