Taikisha (TSE:1979) Inventory Turnover : 21.16 (As of Dec. 2023)

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What is Taikisha 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. Taikisha's Cost of Goods Sold for the three months ended in Dec. 2023 was 円63,839 Mil. Taikisha's Average Total Inventories for the quarter that ended in Dec. 2023 was 円3,018 Mil. Taikisha's Inventory Turnover for the quarter that ended in Dec. 2023 was 21.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Taikisha's Days Inventory for the three months ended in Dec. 2023 was 4.31.

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. Taikisha's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

Taikisha Inventory Turnover Historical Data

The historical data trend for Taikisha'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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Taikisha Inventory Turnover Chart

Taikisha Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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56.38

56.65

67.33

60.87

76.35

Taikisha Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															20.80	14.35	20.17	21.16	22.48

Taikisha Inventory Turnover Calculation

Taikisha'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 )
=	250244	/ (	(3189	+	3366)	/	2 )
=	250244	/	3277.5
=	76.35

Taikisha'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 )
=	63839	/ (	(2812	+	3223)	/	2 )
=	63839	/	3017.5
=	21.16

Taikisha (TSE:1979) 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.

Taikisha'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
	=	3017.5	/	63839	*	365 / 4
	=	4.31

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.

Taikisha'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 )
	=	3017.5	/	74874
	=	0.04

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.

Taikisha Inventory Turnover Related Terms

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Taikisha (TSE:1979) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Taikisha Ltd (TSE:1979) » Definitions » Inventory Turnover

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Address

8-17-1, Nishi-Shinjuku Shinjuku-ku, Sumitomo Fudosan Shinjuku Grand Tower, Tokyo, JPN, 160-6129

Website

http://www.taikisha.co.jp

Taikisha Ltd is a Japan-based company that primarily operates through two segments. The green technology system division primarily designs, manages, and constructs heating, ventilation, and air conditioning systems for office buildings, and also industrial HVAC systems for manufacturing facilities and laboratories. Besides HVAC systems, this segment manufactures and distributes related equipment. The paint finishing system segment primarily designs, manages and constructs automobile painting plants and distributes related equipment. The company has a global presence, with Japan, North America, and Southeast Asia being its top three markets.

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