Hirose Electric Co (TSE:6806) Inventory Turnover : 0.95 (As of Mar. 2024)

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What is Hirose Electric 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. Hirose Electric Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円23,388 Mil. Hirose Electric Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円24,650 Mil. Hirose Electric Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hirose Electric Co's Days Inventory for the three months ended in Mar. 2024 was 96.17.

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. Hirose Electric Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.61.

Hirose Electric Co Inventory Turnover Historical Data

The historical data trend for Hirose Electric 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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Hirose Electric Co Inventory Turnover Chart

Hirose Electric Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.95

4.89

4.60

3.85

3.57

Hirose Electric Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.82	0.77	0.87	0.91	0.95

Hirose Electric Co Inventory Turnover Calculation

Hirose Electric Co's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	93012	/ (	(27735	+	24359)	/	2 )
=	93012	/	26047
=	3.57

Hirose Electric 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 )
=	23388	/ (	(24941	+	24359)	/	2 )
=	23388	/	24650
=	0.95

Hirose Electric Co (TSE:6806) 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.

Hirose Electric 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
	=	24650	/	23388	*	365 / 4
	=	96.17

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.

Hirose Electric 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 )
	=	24650	/	40347
	=	0.61

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.

Hirose Electric Co Inventory Turnover Related Terms

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Hirose Electric Co (TSE:6806) Business Description

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HROEY:USA

Address

5-23. Osaki 5-chome, shinagawa-ku, Tokyo, JPN, 141-8587

Website

https://www.hirose.com

Hirose Electric Co Ltd is a Japan-based company that manufactures and distributes electrical and electronic connectors for use in automotive, mobile communication, telecommunications, networking, and smart grid applications. Its product portfolio includes printed circuit boards, optical connectors, fiber optic cables, sealed connectors, microwave components, switches and sensors, modular jacks and plugs, integrated circuit cards and sockets, and coaxial cables. The firm generates revenue in Europe, Asia, and North America.

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