Bushiroad (TSE:7803) Inventory Turnover : 2.01 (As of Mar. 2024)

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What is Bushiroad 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. Bushiroad's Cost of Goods Sold for the three months ended in Mar. 2024 was 円7,409 Mil. Bushiroad's Average Total Inventories for the quarter that ended in Mar. 2024 was 円3,679 Mil. Bushiroad's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bushiroad's Days Inventory for the three months ended in Mar. 2024 was 45.31.

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. Bushiroad's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.34.

Bushiroad Inventory Turnover Historical Data

The historical data trend for Bushiroad'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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Bushiroad Inventory Turnover Chart

Bushiroad Annual Data

Trend

Jul17

Jul18

Jul19

Jul20

Jun22

Inventory Turnover

9.67

8.27

8.55

9.34

10.11

Bushiroad Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.09	2.47	2.10	1.96	2.01

Bushiroad Inventory Turnover Calculation

Bushiroad's Inventory Turnover for the fiscal year that ended in Jun. 2022 is calculated as

	Inventory Turnover (A: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2022 )	/ (	(Total Inventories (A: Jul. 2020 )	+	Total Inventories (A: Jun. 2022 ))	/	count )
=	27308.149	/ (	(2237.182	+	3165.462)	/	2 )
=	27308.149	/	2701.322
=	10.11

Bushiroad'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 )
=	7409.447	/ (	(3687.02	+	3670.536)	/	2 )
=	7409.447	/	3678.778
=	2.01

Bushiroad (TSE:7803) 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.

Bushiroad'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
	=	3678.778	/	7409.447	*	365 / 4
	=	45.31

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.

Bushiroad'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 )
	=	3678.778	/	10719.305
	=	0.34

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.

Bushiroad Inventory Turnover Related Terms

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Bushiroad (TSE:7803) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Bushiroad Inc (TSE:7803) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Sumitomo Nakanosakaue Building, 1-38-1, Chuo, Nakano - ku, Tokyo, JPN, 164-0011

Website

https://www.bushiroad.co.jp

Bushiroad Inc is engaged in the development, manufacturing and sales of trading card games using various IPs, mobile online games, video and music contents, events and goods.

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