Yamashita Health Care Holdings (TSE:9265) Inventory Turnover : 4.57 (As of Feb. 2024)

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What is Yamashita Health Care Holdings 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. Yamashita Health Care Holdings's Cost of Goods Sold for the three months ended in Feb. 2024 was 円14,322 Mil. Yamashita Health Care Holdings's Average Total Inventories for the quarter that ended in Feb. 2024 was 円3,136 Mil. Yamashita Health Care Holdings's Inventory Turnover for the quarter that ended in Feb. 2024 was 4.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yamashita Health Care Holdings's Days Inventory for the three months ended in Feb. 2024 was 19.98.

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. Yamashita Health Care Holdings's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.19.

Yamashita Health Care Holdings Inventory Turnover Historical Data

The historical data trend for Yamashita Health Care Holdings'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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Yamashita Health Care Holdings Inventory Turnover Chart

Yamashita Health Care Holdings Annual Data

Trend

May18

May19

May20

May21

May22

May23

Inventory Turnover

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22.93

22.05

21.94

16.74

17.81

Yamashita Health Care Holdings 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															3.83	4.70	4.20	4.18	4.57

Yamashita Health Care Holdings Inventory Turnover Calculation

Yamashita Health Care Holdings's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	50147	/ (	(2712	+	2918)	/	2 )
=	50147	/	2815
=	17.81

Yamashita Health Care Holdings'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 )
=	14322	/ (	(3250	+	3021)	/	2 )
=	14322	/	3135.5
=	4.57

Yamashita Health Care Holdings (TSE:9265) 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.

Yamashita Health Care Holdings'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
	=	3135.5	/	14322	*	365 / 4
	=	19.98

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.

Yamashita Health Care Holdings'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 )
	=	3135.5	/	16474
	=	0.19

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.

Yamashita Health Care Holdings Inventory Turnover Related Terms

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Yamashita Health Care Holdings (TSE:9265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Yamashita Health Care Holdings Inc (TSE:9265) » Definitions » Inventory Turnover

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Address

3-6-15 Watanabedori, Chuo-ku, Fukuoka, JPN, 810-0004

Website

http://www.yhchd.co.jp

Yamashita Health Care Holdings Inc is a Japan-based medical equipment wholesale company that sells medical equipment for medical institutions within the Kyushu area. The company is also engaged in the manufacture, sale, leasing, and rental of optical instruments, physicochemical instruments, analytical instruments, measuring instruments, health equipment, exercise equipment, nursing care equipment, animal medical equipment, and veterinary drugs.

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