Pasona Group (TSE:2168) Inventory Turnover : 15.85 (As of Feb. 2024)

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What is Pasona Group 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. Pasona Group's Cost of Goods Sold for the three months ended in Feb. 2024 was 円66,277 Mil. Pasona Group's Average Total Inventories for the quarter that ended in Feb. 2024 was 円4,183 Mil. Pasona Group's Inventory Turnover for the quarter that ended in Feb. 2024 was 15.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pasona Group's Days Inventory for the three months ended in Feb. 2024 was 5.76.

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. Pasona Group's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.05.

Pasona Group Inventory Turnover Historical Data

The historical data trend for Pasona Group'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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Pasona Group Inventory Turnover Chart

Pasona Group Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Inventory Turnover

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126.99

115.89

101.30

88.08

81.17

Pasona Group 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															20.20	20.85	17.78	16.30	15.85

Pasona Group Inventory Turnover Calculation

Pasona Group's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	281054	/ (	(3560	+	3365)	/	2 )
=	281054	/	3462.5
=	81.17

Pasona Group'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 )
=	66277	/ (	(4009	+	4356)	/	2 )
=	66277	/	4182.5
=	15.85

Pasona Group (TSE:2168) 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.

Pasona Group'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
	=	4182.5	/	66277	*	365 / 4
	=	5.76

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.

Pasona Group'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 )
	=	4182.5	/	86242
	=	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.

Pasona Group Inventory Turnover Related Terms

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Pasona Group (TSE:2168) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Pasona Group Inc (TSE:2168) » Definitions » Inventory Turnover

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Traded in Other Exchanges

9D4:Germany

Address

Otemachi 2-6-4, Chiyoda-ku, Tokyo, JPN, 100-8228

Website

http://www.pasonagroup.co.jp

Pasona Group Inc provides human resource related support services. Its segments are Expert services, Insourcing, Others, Career solutions and outsourcing. The segments encompass human resource (HR) solutions, temporary staffing, contracting HR consulting, education and training, place and search, global overseas sourcing career placement, recruiting and outplacement, outsourcing, life solutions and public solutions. Expert services segment generates the majority of the revenues for the company.

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