Photozou Holdings (Photozou Holdings) Inventory Turnover : 0.49 (As of Feb. 2024)

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What is Photozou Holdings 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. Photozou Holdings's Cost of Goods Sold for the three months ended in Feb. 2024 was $0.03 Mil. Photozou Holdings's Average Total Inventories for the quarter that ended in Feb. 2024 was $0.06 Mil. Photozou Holdings's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Photozou Holdings's Days Inventory for the three months ended in Feb. 2024 was 186.92.

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. Photozou Holdings's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 1.72.

Photozou Holdings Inventory Turnover Historical Data

The historical data trend for Photozou Holdings'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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Photozou Holdings Inventory Turnover Chart

Photozou Holdings Annual Data

Trend

Nov15

Nov16

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

Inventory Turnover

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6.60

3.13

2.18

1.90

1.24

Photozou Holdings Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															0.39	0.38	0.30	0.42	0.49

Photozou Holdings Inventory Turnover Calculation

Photozou Holdings'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 )
=	0.079	/ (	(0.059	+	0.068)	/	2 )
=	0.079	/	0.0635
=	1.24

Photozou Holdings'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 )
=	0.031	/ (	(0.068	+	0.059)	/	2 )
=	0.031	/	0.0635
=	0.49

Photozou Holdings (OTCPK:PTZH) 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.

Photozou Holdings'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
	=	0.0635	/	0.031	*	365 / 4
	=	186.92

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.

Photozou Holdings'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 )
	=	0.0635	/	0.037
	=	1.72

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.

Photozou Holdings Inventory Turnover Related Terms

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Photozou Holdings (Photozou Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Photozou Holdings Inc (OTCPK:PTZH) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yotsuya Shinjuku-ku, 4-30-4th Floor, Tokyo, JPN, 160-0004

Website

https://www.photozouhd.com

Photozou Holdings Inc is focused on online advertising and the sale of used cameras. The firm engages in offering used cameras, which include mainly high-class digital single-lens reflex cameras. In addition, it provides two types of advertising services that include managing online photo contests and web advertising services specifically geared toward advertisements. The majority of its revenue gets derived from the sale of used cameras.

Executives

Photozou Co., Ltd.	10 percent owner	4-30-4F, YOTSUYA, SHINJUKU-KU, TOKYO M0 164-0004
Koichi Ishizuka	director, 10 percent owner, officer: Chief Executive Officer	3-1-21, CHUO, NAKANO-KU, TOKYO M0 164-0011

Photozou Holdings (Photozou Holdings) Headlines

From GuruFocus

Photozou Koukoku Co., Ltd. (Japan) a subsidiary of Photozou Holdings, Inc. (PTZH) has begun offering premium free pictures via Photozou Stock.

By PRNewswire PRNewswire • 12-01-2022

Photozou Koukoku Co., Ltd. (JAPAN) a subsidiary of Photozou Holdings, Inc. (PTZH) unites photographers & models as a new services, and announces new international & domestic business expansion plans

By PRNewswire PRNewswire • 01-19-2021