Shizuoka Gas Co (TSE:9543) Inventory Turnover : 4.51 (As of Mar. 2024)

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What is Shizuoka Gas 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. Shizuoka Gas Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円44,562 Mil. Shizuoka Gas Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円9,881 Mil. Shizuoka Gas Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shizuoka Gas Co's Days Inventory for the three months ended in Mar. 2024 was 20.23.

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. Shizuoka Gas Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.18.

Shizuoka Gas Co Inventory Turnover Historical Data

The historical data trend for Shizuoka Gas 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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Shizuoka Gas Co Inventory Turnover Chart

Shizuoka Gas Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.70

16.74

13.44

11.84

11.11

Shizuoka Gas 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															3.06	3.27	2.91	3.21	4.51

Shizuoka Gas Co Inventory Turnover Calculation

Shizuoka Gas Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	166437	/ (	(18892	+	11068)	/	2 )
=	166437	/	14980
=	11.11

Shizuoka Gas Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	44562	/ (	(11068	+	8694)	/	2 )
=	44562	/	9881
=	4.51

Shizuoka Gas Co (TSE:9543) 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.

Shizuoka Gas Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	9881	/	44562	*	365 / 4
	=	20.23

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.

Shizuoka Gas Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	9881	/	54365
	=	0.18

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.

Shizuoka Gas Co Inventory Turnover Related Terms

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Shizuoka Gas Co (TSE:9543) Business Description

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Address

1-5-38 Yawata, Suruga-ku, Shizuoka, JPN, 422-8688

Website

http://www.shizuokagas.co.jp

Shizuoka Gas Co Ltd, or Shizgas, is a Japanese electric power and gas company. Shizgas is primarily involved in the distribution of city gas through its pipeline network to Japanese municipalities between Tokyo and Nagoya along the coastline of the Pacific Ocean near Mount Fuji. The company segments its operations into gas, LPG, and other energy services, and other businesses units. Shizuoka Gas derives the vast majority of its revenue from sales of natural gas. The company's customers are mainly split between wholesale and industrial consumers in terms of sales volume. Shizuoka Gas also generates revenue from the sale of liquefied natural gas that it imports from overseas, utility facility construction, and natural gas piping installations in Japan.

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