Econavista (TSE:5585) Inventory Turnover : 0.35 (As of Jan. 2024)

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What is Econavista 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. Econavista's Cost of Goods Sold for the three months ended in Jan. 2024 was 円111.0 Mil. Econavista's Average Total Inventories for the quarter that ended in Jan. 2024 was 円317.2 Mil. Econavista's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Econavista's Days Inventory for the three months ended in Jan. 2024 was 260.84.

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. Econavista's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.91.

Econavista Inventory Turnover Historical Data

The historical data trend for Econavista'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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Econavista Inventory Turnover Chart

Econavista Annual Data

Trend

Oct21

Oct22

Oct23

Inventory Turnover

5.58

2.16

1.26

Econavista Quarterly Data
	Oct21	Oct22	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial			-	-	0.32	0.17	0.35

Econavista Inventory Turnover Calculation

Econavista's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	363.279	/ (	(272.151	+	302.759)	/	2 )
=	363.279	/	287.455
=	1.26

Econavista's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	110.954	/ (	(302.759	+	331.567)	/	2 )
=	110.954	/	317.163
=	0.35

Econavista (TSE:5585) 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.

Econavista's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	317.163	/	110.954	*	365 / 4
	=	260.84

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.

Econavista's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	317.163	/	346.806
	=	0.91

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.

Econavista Inventory Turnover Related Terms

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Econavista (TSE:5585) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Econavista Inc (TSE:5585) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

3-1 Kioicho, KKD Building 6 Floor, Chiyoda-ku, Tokyo, JPN, 102-0094

Website

https://www.econavista.com

Econavista Inc is engaged in the Development of AI for predicting health status transition through sleep analysis technology and its application to solve social challenges, such as its AI-backed services of Life Rhythm Navi. It automatically records your daily living conditions (life rhythm) and works with specialized medical institutions to visualize the signs of dementia and diseases that are common among the elderly (heat stroke, sleep disorders, etc.). It is a monitoring system to prevent sudden changes in physical conditions and accidents in preventive medicine.

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