Chimney Co (TSE:3178) Inventory Turnover : 6.03 (As of Mar. 2024)

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What is Chimney 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. Chimney Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円1,959 Mil. Chimney Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円325 Mil. Chimney Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 6.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chimney Co's Days Inventory for the three months ended in Mar. 2024 was 15.14.

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. Chimney Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

Chimney Co Inventory Turnover Historical Data

The historical data trend for Chimney 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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Chimney Co Inventory Turnover Chart

Chimney Co Annual Data

Trend

Dec14

Dec15

Dec16

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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40.54

14.65

13.41

25.18

27.96

Chimney 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															5.78	6.72	6.69	6.44	6.03

Chimney Co Inventory Turnover Calculation

Chimney 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 )
=	7900.555	/ (	(277.942	+	287.189)	/	2 )
=	7900.555	/	282.5655
=	27.96

Chimney 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 )
=	1958.726	/ (	(362.898	+	287.189)	/	2 )
=	1958.726	/	325.0435
=	6.03

Chimney Co (TSE:3178) 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.

Chimney 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
	=	325.0435	/	1958.726	*	365 / 4
	=	15.14

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.

Chimney 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 )
	=	325.0435	/	6435.338
	=	0.05

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.

Chimney Co Inventory Turnover Related Terms

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Chimney Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Chimney Co Ltd (TSE:3178) » Definitions » Inventory Turnover

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Address

2-19-6 Yanagibashi, 3rd Floor, Taito-ku, Yanagibashi First Building, Tokyo, JPN, 111-0052

Website

http://www.chimney.co.jp

Chimney Co Ltd owns restaurant chains in Japan that operate under dozens of different brand names. Chimney both operates restaurants directly and franchises its names to be operated by franchisees. The company's restaurant styles primarily include seafood, Italian, and pizza restaurants. Brand names include Seafood Izakaya Hanano Mai, Hokkaido, Charcoal Fire Yakitori Sakura, Toyomaru Fishery, Izakaya Chimney, Masaya, Tomomi Rinzai, Yakitori Dojo, and Fish and Dojo. Restaurants are located throughout Japan, with the most in the Kanto region in cities and prefectures including Tokyo, Kanagawa, Chiba, Saitama, and Ibaraki.

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