Aso International (TSE:9340) Inventory Turnover : 3.52 (As of Mar. 2024)

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What is Aso International 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. Aso International's Cost of Goods Sold for the three months ended in Mar. 2024 was 円470 Mil. Aso International's Average Total Inventories for the quarter that ended in Mar. 2024 was 円134 Mil. Aso International's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aso International's Days Inventory for the three months ended in Mar. 2024 was 25.94.

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. Aso International's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.15.

Aso International Inventory Turnover Historical Data

The historical data trend for Aso International'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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Aso International Inventory Turnover Chart

Aso International Annual Data

Trend

Jun21

Jun22

Jun23

Inventory Turnover

21.86

17.30

11.69

Aso International Quarterly Data
	Jun21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial				2.64	2.56	3.09	3.41	3.52

Aso International Inventory Turnover Calculation

Aso International's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	1760.428	/ (	(123.021	+	178.185)	/	2 )
=	1760.428	/	150.603
=	11.69

Aso International'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 )
=	470.18	/ (	(136.402	+	130.929)	/	2 )
=	470.18	/	133.6655
=	3.52

Aso International (TSE:9340) 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.

Aso International'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
	=	133.6655	/	470.18	*	365 / 4
	=	25.94

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.

Aso International'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 )
	=	133.6655	/	874.335
	=	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.

Aso International Inventory Turnover Related Terms

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Aso International (TSE:9340) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Aso International Inc (TSE:9340) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-11-8 Ginza, Chuo-ku, No. 22 Chuo Building, 3rd FLoor, Tokyo, JPN, 104-0061

Website

http://www.aso-inter.co.jp

Aso International Inc is engaged in the manufacturing and sale of orthodontic appliances.

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