Imagica Group (TSE:6879) Inventory Turnover : 1.31 (As of Dec. 2023)

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What is Imagica Group 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. Imagica Group's Cost of Goods Sold for the three months ended in Dec. 2023 was 円17,129 Mil. Imagica Group's Average Total Inventories for the quarter that ended in Dec. 2023 was 円13,087 Mil. Imagica Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Imagica Group's Days Inventory for the three months ended in Dec. 2023 was 69.72.

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. Imagica Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.53.

Imagica Group Inventory Turnover Historical Data

The historical data trend for Imagica Group'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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Imagica Group Inventory Turnover Chart

Imagica Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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6.87

6.67

8.15

5.65

5.17

Imagica Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.06	1.22	1.43	1.31	1.31

Imagica Group Inventory Turnover Calculation

Imagica Group'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 )
=	67424.284	/ (	(13613.658	+	12460.112)	/	2 )
=	67424.284	/	13036.885
=	5.17

Imagica Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	17129.092	/ (	(12621.406	+	13552.625)	/	2 )
=	17129.092	/	13087.0155
=	1.31

Imagica Group (TSE:6879) 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.

Imagica Group's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	13087.0155	/	17129.092	*	365 / 4
	=	69.72

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.

Imagica Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	13087.0155	/	24772.198
	=	0.53

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.

Imagica Group Inventory Turnover Related Terms

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Imagica Group (TSE:6879) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Imagica Group Inc (TSE:6879) » Definitions » Inventory Turnover

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Address

1-3-2 Uchisaiwaicho, Chiyoda-ku, Uchisaiwaicho Tokyu Building, 11th Floor, Tokyo, JPN, 100-0011

Website

https://www.imagicagroup.co.jp

Imagica Group Inc is engaged in the media business. The company's business segment include Content Creation, Production Services, Media Localization, and Imaging Systems. The Content Creation segment provides rights management services. Production Services segment offers a one-stop solution for specialized creative services to meet various requests, including Shooting / Editing and Sound Services for film, TV programs, TV commercials, and promotions / DCP (Digital Cinema Package), and others. Media Localization provides dubbing, subtitling, and other media solutions for its clients, and Imaging Systems develops manufactures, import, sells and provide maintenance services for advanced equipment and software.

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