ispace (TSE:9348) Inventory Turnover : 2.77 (As of Dec. 2023)

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What is ispace 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. ispace's Cost of Goods Sold for the three months ended in Dec. 2023 was 円377 Mil. ispace's Average Total Inventories for the quarter that ended in Dec. 2023 was 円136 Mil. ispace's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ispace's Days Inventory for the three months ended in Dec. 2023 was 32.90.

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. ispace's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.

ispace Inventory Turnover Historical Data

The historical data trend for ispace'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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ispace Inventory Turnover Chart

ispace Annual Data

Trend

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

5.69

5.22

7.48

ispace Quarterly Data
	Mar21	Mar22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial			0.33	2.27	3.99	2.77	1.80

ispace Inventory Turnover Calculation

ispace's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	1428.812	/ (	(107.395	+	274.77)	/	2 )
=	1428.812	/	191.0825
=	7.48

ispace'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 )
=	377.407	/ (	(93.738	+	178.42)	/	2 )
=	377.407	/	136.079
=	2.77

ispace (TSE:9348) 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.

ispace'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
	=	136.079	/	377.407	*	365 / 4
	=	32.90

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.

ispace'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 )
	=	136.079	/	496.02
	=	0.27

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.

ispace Inventory Turnover Related Terms

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ispace (TSE:9348) Business Description

Industry

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Traded in Other Exchanges

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Address

3-42-3 Nihonbashi-Hamacho, Chuo-ku, Tokyo, JPN, 103-0007

Website

https://www.ispace-inc.com

ispace inc is a private lunar robotic exploration company that is developing micro-robotic technology to provide a low-cost and frequent transportation service. It has developed a small lander (lunar lander) and a lunar exploration rover (lunar rover) for the purpose of providing frequent and low-cost transportation services to the moon.

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