Micreed Co (TSE:7687) Inventory Turnover : 4.49 (As of Dec. 2023)

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What is Micreed 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. Micreed Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,037 Mil. Micreed Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円231 Mil. Micreed Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Micreed Co's Days Inventory for the three months ended in Dec. 2023 was 20.33.

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. Micreed Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.15.

Micreed Co Inventory Turnover Historical Data

The historical data trend for Micreed 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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Micreed Co Inventory Turnover Chart

Micreed Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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19.19

20.62

15.35

15.42

18.56

Micreed Co Quarterly Data
	Mar18	Mar19	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														4.23	3.82	5.05	5.12	4.49

Micreed Co Inventory Turnover Calculation

Micreed Co'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 )
=	3081	/ (	(153	+	179)	/	2 )
=	3081	/	166
=	18.56

Micreed Co'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 )
=	1037	/ (	(196	+	266)	/	2 )
=	1037	/	231
=	4.49

Micreed Co (TSE:7687) 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.

Micreed Co'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
	=	231	/	1037	*	365 / 4
	=	20.33

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.

Micreed Co'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 )
	=	231	/	1590
	=	0.15

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.

Micreed Co Inventory Turnover Related Terms

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Micreed Co (TSE:7687) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Micreed Co Ltd (TSE:7687) » Definitions » Inventory Turnover

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Address

2-16-13 Nihonbashi, Chuo-ku, Landic Nihonbashi Building 9th Floor, Tokyo- Shipping Center, Chiba Prefecture, Order Center Saga City, Saga Prefecture, Narashino, JPN, 103-0027

Website

https://corp.micreed.co.jp

Micreed Co Ltd is engaged in planning and sales of commercial ingredients for restaurants. The company sells products such as meat, fish, vegetables, skewers, fried foods and desserts, frozen foods. It serves small and medium-sized restaurants, mainly privately owned izakayas.

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