Aica Kogyo Co (TSE:4206) Inventory Turnover : 1.35 (As of Dec. 2023)

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What is Aica Kogyo 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. Aica Kogyo Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円44,148 Mil. Aica Kogyo Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円32,596 Mil. Aica Kogyo Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aica Kogyo Co's Days Inventory for the three months ended in Dec. 2023 was 67.37.

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. Aica Kogyo Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.53.

Aica Kogyo Co Inventory Turnover Historical Data

The historical data trend for Aica Kogyo 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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Aica Kogyo Co Inventory Turnover Chart

Aica Kogyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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7.42

6.66

6.87

6.18

5.46

Aica Kogyo Co 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															1.39	1.26	1.33	1.35	1.39

Aica Kogyo Co Inventory Turnover Calculation

Aica Kogyo Co'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 )
=	172486	/ (	(31421	+	31723)	/	2 )
=	172486	/	31572
=	5.46

Aica Kogyo 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 )
=	44148	/ (	(32320	+	32871)	/	2 )
=	44148	/	32595.5
=	1.35

Aica Kogyo Co (TSE:4206) 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.

Aica Kogyo 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
	=	32595.5	/	44148	*	365 / 4
	=	67.37

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.

Aica Kogyo 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 )
	=	32595.5	/	61568
	=	0.53

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.

Aica Kogyo Co Inventory Turnover Related Terms

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Aica Kogyo Co (TSE:4206) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Aica Kogyo Co Ltd (TSE:4206) » Definitions » Inventory Turnover

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R5Y:Germany

Address

1-1 1-1 Meina Station, JP Tower Nagoya, 26th Floor, Aichi, JPN

Website

http://www.aica.co.jp

Aica Kogyo Co Ltd is a Japanese manufacturing company. It operates its business in four segments which are Chemical Products, Specialty & Performance Materials, Laminated Sheets, and Building & Housing Materials. The company mainly provides adhesives, resin, melamine doors, wall coating materials, countertops, decorative panels, polyester panels and boards. It also provides solar batteries, lamps, and silicone materials.

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