FP Partner (TSE:7388) Inventory Turnover : 188.28 (As of Feb. 2024)

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What is FP Partner 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. FP Partner's Cost of Goods Sold for the three months ended in Feb. 2024 was 円5,354 Mil. FP Partner's Average Total Inventories for the quarter that ended in Feb. 2024 was 円28 Mil. FP Partner's Inventory Turnover for the quarter that ended in Feb. 2024 was 188.28.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FP Partner's Days Inventory for the three months ended in Feb. 2024 was 0.48.

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. FP Partner's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.00.

FP Partner Inventory Turnover Historical Data

The historical data trend for FP Partner'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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FP Partner Inventory Turnover Chart

FP Partner Annual Data

Trend

Nov20

Nov21

Nov22

Nov23

Inventory Turnover

605.33

603.13

819.36

1,440.51

FP Partner Quarterly Data
	Nov20	Nov21	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial					244.37	171.75	214.20	321.91	188.28

FP Partner Inventory Turnover Calculation

FP Partner's Inventory Turnover for the fiscal year that ended in Nov. 2023 is calculated as

	Inventory Turnover (A: Nov. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Nov. 2023 )	/ (	(Total Inventories (A: Nov. 2022 )	+	Total Inventories (A: Nov. 2023 ))	/	count )
=	18905.285	/ (	(13.378	+	12.87)	/	2 )
=	18905.285	/	13.124
=	1,440.51

FP Partner's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	5354.139	/ (	(12.87	+	44.003)	/	2 )
=	5354.139	/	28.4365
=	188.28

FP Partner (TSE:7388) 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.

FP Partner's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	28.4365	/	5354.139	*	365 / 4
	=	0.48

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.

FP Partner's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	28.4365	/	8332.892
	=	0.00

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.

FP Partner Inventory Turnover Related Terms

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FP Partner (TSE:7388) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » FP Partner Inc (TSE:7388) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-5-3 Koraku, 5F Koraku International Building, Bunkyo-ku, Tokyo, JPN, 112-0004

Website

https://www.fpp.jp

FP Partner Inc is engaged in the Insurance agency business. It offers insurance for individuals and corporations, Financial instruments intermediary service and for housing loan agency business.

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