Krosaki Harima (TSE:5352) Inventory Turnover : 0.95 (As of Dec. 2023)

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What is Krosaki Harima 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. Krosaki Harima's Cost of Goods Sold for the three months ended in Dec. 2023 was 円35,693 Mil. Krosaki Harima's Average Total Inventories for the quarter that ended in Dec. 2023 was 円37,718 Mil. Krosaki Harima's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Krosaki Harima's Days Inventory for the three months ended in Dec. 2023 was 96.43.

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. Krosaki Harima's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.84.

Krosaki Harima Inventory Turnover Historical Data

The historical data trend for Krosaki Harima'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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Krosaki Harima Inventory Turnover Chart

Krosaki Harima Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.17

3.67

3.78

3.71

3.61

Krosaki Harima 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															0.88	0.94	0.93	0.95	0.90

Krosaki Harima Inventory Turnover Calculation

Krosaki Harima'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 )
=	141652	/ (	(39445	+	39136)	/	2 )
=	141652	/	39290.5
=	3.61

Krosaki Harima'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 )
=	35693	/ (	(38452	+	36983)	/	2 )
=	35693	/	37717.5
=	0.95

Krosaki Harima (TSE:5352) 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.

Krosaki Harima'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
	=	37717.5	/	35693	*	365 / 4
	=	96.43

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.

Krosaki Harima'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 )
	=	37717.5	/	44950
	=	0.84

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.

Krosaki Harima Inventory Turnover Related Terms

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Krosaki Harima (TSE:5352) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Krosaki Harima Corp (TSE:5352) » Definitions » Inventory Turnover

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Traded in Other Exchanges

5352:Japan

Address

1-1, Higashihama-machi, Yahatanishi-ku, Kitakyushu, JPN, 806-8586

Website

http://www.krosaki.co.jp

Krosaki Harima Corp manufactures and sells refractory and ceramic products. Its refractory products include blast furnace, hot stove, coke oven, torpedo ladle, electric arc furnace, steel ladle, and continuous casting refractories, as well as oxygen converter refractories for basic oxygen steelmaking processes, and monolithic refractories for furnace repair/equipment; and walking beam and hearth, pusher, rotary hearth, double walking beam, roller hearth, batch-type reheating, tunnel kiln, and other industrial furnaces. It also provides advanced ceramic materials, including low thermal expansion, oxide engineering, and machinable ceramics; thin flat heaters, hot plates, and jacket heaters. In addition, it is involved in the furnace construction and maintenance activities.

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