DIH Holding US (DIH Holding US) Inventory Turnover : 3.34 (As of Mar. 2023)

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What is DIH Holding US 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. DIH Holding US's Cost of Goods Sold for the six months ended in Mar. 2023 was $20.46 Mil. DIH Holding US's Average Total Inventories for the quarter that ended in Mar. 2023 was $5.46 Mil. DIH Holding US's Inventory Turnover for the quarter that ended in Mar. 2023 was 3.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. DIH Holding US's Days Inventory for the six months ended in Mar. 2023 was 48.68.

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. DIH Holding US's Inventory-to-Revenue for the quarter that ended in Mar. 2023 was 0.10.

DIH Holding US Inventory Turnover Historical Data

The historical data trend for DIH Holding US'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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DIH Holding US Inventory Turnover Chart

DIH Holding US Annual Data

Trend

Mar22

Mar23

Inventory Turnover

5.06

3.75

DIH Holding US Semi-Annual Data
	Mar22	Mar23
Inventory Turnover	5.06	3.34

DIH Holding US Inventory Turnover Calculation

DIH Holding US's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	20.456	/ (	(4.792	+	6.121)	/	2 )
=	20.456	/	5.4565
=	3.75

DIH Holding US's Inventory Turnover for the quarter that ended in Mar. 2023 is calculated as

	Inventory Turnover (Q: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2023 )	/ (	(Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Mar. 2023 ))	/	count )
=	20.456	/ (	(4.792	+	6.121)	/	2 )
=	20.456	/	5.4565
=	3.75

DIH Holding US (NAS:DHAI) 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.

DIH Holding US's Days Inventory for the six months ended in Mar. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2023 )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
	=	5.4565	/	20.456	*	365 / 2
	=	48.68

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.

DIH Holding US's Inventory to Revenue for the quarter that ended in Mar. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2023 )	/	Revenue (Q: Mar. 2023 )
	=	5.4565	/	54.998
	=	0.10

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.

DIH Holding US Inventory Turnover Related Terms

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DIH Holding US (DIH Holding US) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » DIH Holding US Inc (NAS:DHAI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

77 Accord Park Drive, Suite D-1, Norwell, MA, USA, 02061

Website

https://www.dih.com

DIH Holding US Inc is a global solution provider in blending innovative robotic and virtual reality (VR) technologies with clinical integration and insights. It is positioning itself as a transformative total smart solutions provider and consolidator in a largely fragmented and manual-labor-driven industry.

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