J Front Retailing Co (TSE:3086) Inventory Turnover : 3.71 (As of Feb. 2024)

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What is J Front Retailing 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. J Front Retailing Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円65,317 Mil. J Front Retailing Co's Average Total Inventories for the quarter that ended in Feb. 2024 was 円17,591 Mil. J Front Retailing Co's Inventory Turnover for the quarter that ended in Feb. 2024 was 3.71.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. J Front Retailing Co's Days Inventory for the three months ended in Feb. 2024 was 24.58.

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. J Front Retailing Co's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.15.

J Front Retailing Co Inventory Turnover Historical Data

The historical data trend for J Front Retailing 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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J Front Retailing Co Inventory Turnover Chart

J Front Retailing Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Inventory Turnover

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9.52

9.27

11.08

12.94

13.17

J Front Retailing Co 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															3.70	2.70	2.78	2.52	3.71

J Front Retailing Co Inventory Turnover Calculation

J Front Retailing Co's Inventory Turnover for the fiscal year that ended in Feb. 2024 is calculated as

	Inventory Turnover (A: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Feb. 2024 )	/ (	(Total Inventories (A: Feb. 2023 )	+	Total Inventories (A: Feb. 2024 ))	/	count )
=	211490	/ (	(16932	+	15193)	/	2 )
=	211490	/	16062.5
=	13.17

J Front Retailing Co'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 )
=	65317	/ (	(19989	+	15193)	/	2 )
=	65317	/	17591
=	3.71

J Front Retailing Co (TSE:3086) 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.

J Front Retailing Co'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
	=	17591	/	65317	*	365 / 4
	=	24.58

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.

J Front Retailing Co'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 )
	=	17591	/	120444
	=	0.15

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.

J Front Retailing Co Inventory Turnover Related Terms

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J Front Retailing Co (TSE:3086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » J Front Retailing Co Ltd (TSE:3086) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

3086:Japan

Address

1-1, Yaesu 2-chome, Chuo-ku, Tokyo, JPN, 104-0061

Website

http://www.j-front-retailing.com

J Front Retailing Co Ltd is a Japanese retail group. It operates mainly department-store chains. Besides department stores, the company operates its Parco business, wholesale business, credit business, and real estate/construction business. The Parco segment deals with the development and operational management of shopping centers. The wholesale segment offers food, chemical products, and materials. The real estate division includes parking lots, real estate leasing, contracting works, and retail space.

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