Ichibanya Co (TSE:7630) Inventory Turnover : 5.27 (As of Feb. 2024)

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What is Ichibanya 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. Ichibanya Co's Cost of Goods Sold for the three months ended in Feb. 2024 was 円7,141 Mil. Ichibanya Co's Average Total Inventories for the quarter that ended in Feb. 2024 was 円1,354 Mil. Ichibanya Co's Inventory Turnover for the quarter that ended in Feb. 2024 was 5.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ichibanya Co's Days Inventory for the three months ended in Feb. 2024 was 17.31.

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. Ichibanya Co's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.10.

Ichibanya Co Inventory Turnover Historical Data

The historical data trend for Ichibanya 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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Ichibanya Co Inventory Turnover Chart

Ichibanya Co Annual Data

Trend

May15

May16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Inventory Turnover

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26.25

21.35

20.01

19.87

21.55

Ichibanya 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															5.07	5.04	5.42	5.39	5.27

Ichibanya Co Inventory Turnover Calculation

Ichibanya 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 )
=	28330.495	/ (	(1309.928	+	1319.823)	/	2 )
=	28330.495	/	1314.8755
=	21.55

Ichibanya 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 )
=	7141.486	/ (	(1389.013	+	1319.823)	/	2 )
=	7141.486	/	1354.418
=	5.27

Ichibanya Co (TSE:7630) 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.

Ichibanya 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
	=	1354.418	/	7141.486	*	365 / 4
	=	17.31

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.

Ichibanya 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 )
	=	1354.418	/	13956.748
	=	0.10

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.

Ichibanya Co Inventory Turnover Related Terms

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Ichibanya Co (TSE:7630) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Ichibanya Co Ltd (TSE:7630) » Definitions » Inventory Turnover

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Traded in Other Exchanges

7630:Japan

Address

6-12-23 Mitsui, Ichinomiya shi, Aichi, JPN

Website

http://www.ichibanya.co.jp

Ichibanya Co Ltd owns, operates, and franchises CoCo Ichibanya and other restaurants, primarily in Japan. Nearly all Ichibanya's restaurants operate under the brand name CoCo Ichibanya, which specializes in curry dishes and has more than 1,000 locations in Japan and more than 150 locations in other Asian countries and the United States. Other restaurant brands that Ichibanya operates and franchises in Japan include Pasta de CoCo, Menya CoCo Ichi, and Nikkui Tei. Nearly 90% of the company's revenue is generated in Japan.

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