Zenrin Co (TSE:9474) Inventory Turnover : 4.86 (As of Dec. 2023)

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What is Zenrin 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. Zenrin Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円8,867 Mil. Zenrin Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円1,825 Mil. Zenrin Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Zenrin Co's Days Inventory for the three months ended in Dec. 2023 was 18.78.

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. Zenrin Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.12.

Zenrin Co Inventory Turnover Historical Data

The historical data trend for Zenrin 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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Zenrin Co Inventory Turnover Chart

Zenrin Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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27.98

23.54

22.93

24.41

26.59

Zenrin Co Quarterly Data
	Mar19	Jun19	Sep19	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															4.65	6.17	5.92	5.83	4.86

Zenrin Co Inventory Turnover Calculation

Zenrin 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 )
=	35246	/ (	(1343	+	1308)	/	2 )
=	35246	/	1325.5
=	26.59

Zenrin 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 )
=	8867	/ (	(1557	+	2093)	/	2 )
=	8867	/	1825
=	4.86

Zenrin Co (TSE:9474) 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.

Zenrin 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
	=	1825	/	8867	*	365 / 4
	=	18.78

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.

Zenrin 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 )
	=	1825	/	14860
	=	0.12

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.

Zenrin Co Inventory Turnover Related Terms

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Zenrin Co (TSE:9474) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Zenrin Co Ltd (TSE:9474) » Definitions » Inventory Turnover

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Address

3-1 Nakahara Shinmachi, Tobata-ku, Fukuoka Prefecture, Kitakyushu, JPN, 804-0003

Website

http://www.zenrin.co.jp

Zenrin Co Ltd is a Japan based company engaged in collection and management of a broad range of information, which forms the basis of Zenrin Integrated Geospatial System, and the production of maps, including residential maps, map databases, and other content. It develops software and services related to Zenrin Integrated Geospatial System. In addition to maps, it possesses a strong market share in map software, in-car navigation software and related IT services. The company operates in U.S., Europe, India, and Taiwan, further extending the already expansive cartographic database.

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