Higashinihon Gas (FRA:HIS) Inventory Turnover : 0.00 (As of Dec. 2013)

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What is Higashinihon Gas 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. Higashinihon Gas's Cost of Goods Sold for the three months ended in Dec. 2013 was €6.17 Mil. Higashinihon Gas's Average Total Inventories for the quarter that ended in Dec. 2013 was €0.00 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Higashinihon Gas's Days Inventory for the three months ended in Dec. 2013 was 0.00.

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. Higashinihon Gas's Inventory-to-Revenue for the quarter that ended in Dec. 2013 was 0.00.

Higashinihon Gas Inventory Turnover Historical Data

The historical data trend for Higashinihon Gas'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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Higashinihon Gas Inventory Turnover Chart

Higashinihon Gas Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Inventory Turnover

Higashinihon Gas Quarterly Data
	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Inventory Turnover	Get a 7-Day Free Trial							-	-	-	-	-

Higashinihon Gas Inventory Turnover Calculation

Higashinihon Gas's Inventory Turnover for the fiscal year that ended in Mar. 2013 is calculated as

	Inventory Turnover (A: Mar. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2013 )	/ (	(Total Inventories (A: Mar. 2012 )	+	Total Inventories (A: Mar. 2013 ))	/	count )
=	27.715	/ (	(0	+	0)	/	1 )
=	27.715	/	0
=	N/A

Higashinihon Gas's Inventory Turnover for the quarter that ended in Dec. 2013 is calculated as

	Inventory Turnover (Q: Dec. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2013 )	/ (	(Total Inventories (Q: Sep. 2013 )	+	Total Inventories (Q: Dec. 2013 ))	/	count )
=	6.17	/ (	(0	+	0)	/	1 )
=	6.17	/	0
=	N/A

Higashinihon Gas (FRA:HIS) 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.

Higashinihon Gas's Days Inventory for the three months ended in Dec. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2013 )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
	=	0	/	6.17	*	365 / 4
	=	0.00

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.

Higashinihon Gas's Inventory to Revenue for the quarter that ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2013 )	/	Revenue (Q: Dec. 2013 )
	=	0	/	12.235
	=	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.

Higashinihon Gas Inventory Turnover Related Terms

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Higashinihon Gas (FRA:HIS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Higashinihon Gas Corporation (FRA:HIS) » Definitions » Inventory Turnover

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Address

Website

http://www.hngas.co.jp

Higashinihon Gas Corporation is engaged in the production and supply of natural gas as well as construction of gas pipelines for key areas in East Japan. It also sells gas appliances and related equipment.

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