Internet Initiative Japan (Internet Initiative Japan) Inventory Turnover : 15.93 (As of Mar. 2024)

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What is Internet Initiative Japan 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. Internet Initiative Japan's Cost of Goods Sold for the three months ended in Mar. 2024 was $381 Mil. Internet Initiative Japan's Average Total Inventories for the quarter that ended in Mar. 2024 was $24 Mil. Internet Initiative Japan's Inventory Turnover for the quarter that ended in Mar. 2024 was 15.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Internet Initiative Japan's Days Inventory for the three months ended in Mar. 2024 was 5.73.

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. Internet Initiative Japan's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.05.

Internet Initiative Japan Inventory Turnover Historical Data

The historical data trend for Internet Initiative Japan'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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Internet Initiative Japan Inventory Turnover Chart

Internet Initiative Japan Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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59.54

73.95

70.22

63.58

62.41

Internet Initiative Japan 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															13.74	11.05	9.41	12.38	15.93

Internet Initiative Japan Inventory Turnover Calculation

Internet Initiative Japan'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 )
=	1416.473	/ (	(23.851	+	21.539)	/	2 )
=	1416.473	/	22.695
=	62.41

Internet Initiative Japan'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 )
=	380.92	/ (	(26.274	+	21.539)	/	2 )
=	380.92	/	23.9065
=	15.93

Internet Initiative Japan (OTCPK:IIJIF) 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.

Internet Initiative Japan'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
	=	23.9065	/	380.92	*	365 / 4
	=	5.73

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.

Internet Initiative Japan'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 )
	=	23.9065	/	500.485
	=	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.

Internet Initiative Japan Inventory Turnover Related Terms

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Internet Initiative Japan (Internet Initiative Japan) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Internet Initiative Japan Inc (OTCPK:IIJIF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

IIJIY:USA 3774:Japan IIJ:Germany

Address

Iidabashi Grand Bloom, 2-10-2 Fujimi, Chiyoda-ku, Tokyo, JPN, 102-0071

Website

https://www.iij.ad.jp

Internet Initiative Japan Inc. is a provider of a variety of services including Internet access, outsourcing, and systems integration. Its Internet access services span dial-up, mobile, and broadband technologies. Its wide area network services allow secure data sharing over Internet virtual private networks, independently developed routers, and closed wide area networks. Its outsourcing services include cloud, content delivery, data center, and security services. The firm generates nearly all its revenue in Japan.