Kyokuto Kaihatsu Kogyo Co (TSE:7226) Inventory Turnover : 1.04 (As of Dec. 2023)

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What is Kyokuto Kaihatsu 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. Kyokuto Kaihatsu Kogyo Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円25,980 Mil. Kyokuto Kaihatsu Kogyo Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円25,051 Mil. Kyokuto Kaihatsu Kogyo Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kyokuto Kaihatsu Kogyo Co's Days Inventory for the three months ended in Dec. 2023 was 87.99.

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. Kyokuto Kaihatsu Kogyo Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.81.

Kyokuto Kaihatsu Kogyo Co Inventory Turnover Historical Data

The historical data trend for Kyokuto Kaihatsu 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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Kyokuto Kaihatsu Kogyo Co Inventory Turnover Chart

Kyokuto Kaihatsu Kogyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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5.97

5.59

5.29

4.79

4.77

Kyokuto Kaihatsu 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															1.32	0.95	1.14	1.04	1.23

Kyokuto Kaihatsu Kogyo Co Inventory Turnover Calculation

Kyokuto Kaihatsu 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 )
=	107324	/ (	(21282	+	23755)	/	2 )
=	107324	/	22518.5
=	4.77

Kyokuto Kaihatsu 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 )
=	25980	/ (	(23767	+	26334)	/	2 )
=	25980	/	25050.5
=	1.04

Kyokuto Kaihatsu Kogyo Co (TSE:7226) 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.

Kyokuto Kaihatsu 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
	=	25050.5	/	25980	*	365 / 4
	=	87.99

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.

Kyokuto Kaihatsu 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 )
	=	25050.5	/	30741
	=	0.81

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.

Kyokuto Kaihatsu Kogyo Co Inventory Turnover Related Terms

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Kyokuto Kaihatsu Kogyo Co (TSE:7226) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Kyokuto Kaihatsu Kogyo Co Ltd (TSE:7226) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

6-1-45 Koshienguchi, Nishinomiya, JPN, 663-8545

Website

http://www.kyokuto.com

Kyokuto Kaihatsu Kogyo Co., Ltd. Is a Japan-based company which is various lines of business including specialty truck business, environmental equipment and systems and real estate rental business. It operates is business in three reportable segments namely Specialty truck business, Environmental equipment and systems business and Real estate rental business. Specialty truck business manufactures and distributes specialty trucks such as dump trucks, tailgate lifters, tank trucks, refuse trucks and trailers. Environmental equipment and systems business manufactures and distributes recycle facilities, including maintenance and consignment business. Real estate rental business manufactures multistory parking equipment and offers operating services and real estate rental services.

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