Broad Enterprise Co (TSE:4415) Inventory Turnover : 0.97 (As of Mar. 2024)

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What is Broad Enterprise 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. Broad Enterprise Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円582 Mil. Broad Enterprise Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円601 Mil. Broad Enterprise Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Broad Enterprise Co's Days Inventory for the three months ended in Mar. 2024 was 94.34.

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. Broad Enterprise Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.57.

Broad Enterprise Co Inventory Turnover Historical Data

The historical data trend for Broad Enterprise 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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Broad Enterprise Co Inventory Turnover Chart

Broad Enterprise Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

179.81

224.93

366.30

5.92

4.14

Broad Enterprise Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial								0.68	0.98	0.95	1.38	0.97

Broad Enterprise Co Inventory Turnover Calculation

Broad Enterprise Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	2110.602	/ (	(482.349	+	537.207)	/	2 )
=	2110.602	/	509.778
=	4.14

Broad Enterprise Co'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 )
=	581.532	/ (	(537.207	+	665.283)	/	2 )
=	581.532	/	601.245
=	0.97

Broad Enterprise Co (TSE:4415) 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.

Broad Enterprise Co'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
	=	601.245	/	581.532	*	365 / 4
	=	94.34

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.

Broad Enterprise Co'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 )
	=	601.245	/	1049.805
	=	0.57

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.

Broad Enterprise Co Inventory Turnover Related Terms

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Broad Enterprise Co (TSE:4415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Broad Enterprise Co Ltd (TSE:4415) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

5-15 Taiyuji-cho, 9th floor, Umeda East Building, Kita-ku, Osaka-shi, Osaka, JPN, 530-0051

Website

https://www.broad-e.co.jp

Broad Enterprise Co Ltd is engaged in the sales of high-speed Internet "B-CUBIC" for condominiums and sales of IoT intercom system "Brolock".

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