Kurita Water Industries (Kurita Water Industries) Total Inventories : $146 Mil (As of Dec. 2023)

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What is Kurita Water Industries Total Inventories?

Kurita Water Industries's total inventories for the quarter that ended in Dec. 2023 was $146 Mil. Kurita Water Industries's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $136 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Kurita Water Industries's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-3.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kurita Water Industries's Days Inventory for the three months ended in Dec. 2023 was 28.04.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kurita Water Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.25.

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. Kurita Water Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.20.

Kurita Water Industries Total Inventories Historical Data

The historical data trend for Kurita Water Industries's Total Inventories 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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Kurita Water Industries Total Inventories Chart

Kurita Water Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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83.43

85.89

91.18

110.75

126.04

Kurita Water Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															134.54	126.04	129.86	125.96	146.37

Kurita Water Industries Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Kurita Water Industries (OTCPK:KTWIF) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Kurita Water Industries's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(375.041	+	0.75 * 912.86	+	0.5 * 146.366	-	1474.78
-	0	-	13.606)	/	112.363
=	-3.16

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Kurita Water Industries'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
	=	136.161	/	443.182	*	365 / 4
	=	28.04

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Kurita Water Industries's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	443.182	/	136.161
	=	3.25

4. 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.

Kurita Water Industries'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 )
	=	136.161	/	682.81
	=	0.20

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Kurita Water Industries Total Inventories Related Terms

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Kurita Water Industries (Kurita Water Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Kurita Water Industries Ltd (OTCPK:KTWIF) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

KTWIY:USA 6370:Japan KWI:Germany KWI:Germany

Address

Nakano Central Park East , 4-10-1, Nakano-ku, Tokyo, JPN, 164-0001

Website

http://www.kurita.co.jp

Kurita Water Industries Ltd. is a provider of water treatment solutions in Japan. It operates through two segments, The Water Treatment Chemical segment, and The Water Treatment Equipment segment. The Water Treatment Chemical segment sells water treatment-related chemicals, for air conditioning, petroleum refining, pulp and paper processing-related applications. The Water Treatment Equipment segment manufactures and sells water production systems, drinking water treatment equipment, water and wastewater treatment equipment for various industries. Additionally, the segment is also responsible for supplying ultrapure water, the provision of maintenance service and the operation of water treatment facilities.

Kurita Water Industries (Kurita Water Industries) Headlines

From GuruFocus

Third Avenue Management Comments on Kurita Water Industries Ltd.

By Holly LaFon • 03-27-2014