Creditison Co (TSE:8253) Inventory Turnover : 0.10 (As of Mar. 2024)

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What is Creditison 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. Creditison Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円15,027 Mil. Creditison Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円148,892 Mil. Creditison Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Creditison Co's Days Inventory for the three months ended in Mar. 2024 was 904.13.

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. Creditison Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.38.

Creditison Co Inventory Turnover Historical Data

The historical data trend for Creditison 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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Creditison Co Inventory Turnover Chart

Creditison Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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0.60

0.31

0.48

0.46

0.41

Creditison 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															0.10	0.10	0.14	0.08	0.10

Creditison Co Inventory Turnover Calculation

Creditison 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 )
=	58710	/ (	(133247	+	153773)	/	2 )
=	58710	/	143510
=	0.41

Creditison 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 )
=	15027	/ (	(144010	+	153773)	/	2 )
=	15027	/	148891.5
=	0.10

Creditison Co (TSE:8253) 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.

Creditison 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
	=	148891.5	/	15027	*	365 / 4
	=	904.13

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.

Creditison 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 )
	=	148891.5	/	107860
	=	1.38

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.

Creditison Co Inventory Turnover Related Terms

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Creditison Co (TSE:8253) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Credit Saison Co Ltd (TSE:8253) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

QC9:Germany

Address

1-1 Higashi-Ikebukuro 3-chome, 52nd Floor, Sunshine 60 Building, Toshima-ku, Tokyo, JPN, 170-6073

Website

http://www.saisoncard.co.jp

Credit Saison Co Ltd is a consumer finance company operating primarily in Japan. Saison operates in five reportable business segments: credit services, leasing, finance, real estate, and entertainment. Of these, credit services make up the vast majority of revenue. The company is one of Japan's leading card companies. The company issues Visa, MasterCard, American Express, and affinity cards carrying the Saison brand to a multitude of cardholders. Saison also provides insurance and asset management. The company is affiliated with the Mizuho Financial Group.

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