Aida Sekkei Co (TSE:2990) Inventory Turnover : 0.53 (As of Sep. 2023)

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What is Aida Sekkei Co 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. Aida Sekkei Co's Cost of Goods Sold for the six months ended in Sep. 2023 was 円20,682 Mil. Aida Sekkei Co's Average Total Inventories for the quarter that ended in Sep. 2023 was 円38,905 Mil. Aida Sekkei Co's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aida Sekkei Co's Days Inventory for the six months ended in Sep. 2023 was 343.30.

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. Aida Sekkei Co's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.50.

Aida Sekkei Co Inventory Turnover Historical Data

The historical data trend for Aida Sekkei Co'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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Aida Sekkei Co Inventory Turnover Chart

Aida Sekkei Co Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

1.60

1.47

1.91

2.47

1.79

Aida Sekkei Co Semi-Annual Data
	Mar19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial				1.33	1.31	1.26	0.68	0.53

Aida Sekkei Co Inventory Turnover Calculation

Aida Sekkei Co'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 )
=	47137	/ (	(19247	+	33547)	/	2 )
=	47137	/	26397
=	1.79

Aida Sekkei Co's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	20682	/ (	(33547	+	44263)	/	2 )
=	20682	/	38905
=	0.53

Aida Sekkei Co (TSE:2990) 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.

Aida Sekkei Co's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	38905	/	20682	*	365 / 2
	=	343.30

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.

Aida Sekkei Co's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	38905	/	25939
	=	1.50

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.

Aida Sekkei Co Inventory Turnover Related Terms

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Aida Sekkei Co (TSE:2990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Aida Sekkei Co Ltd (TSE:2990) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-286 Sakuragicho, Omiya-ku, Saitama Prefecture, Saitama, JPN, 330-0854

Website

https://www.aidagroup.co.jp

Aida Sekkei Co Ltd is engaged in the sales and construction of pre-build homes and custom build homes.

Aida Sekkei Co (TSE:2990) Headlines

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