Iwatani (TSE:8088) Inventory Turnover : 2.15 (As of Dec. 2023)

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What is Iwatani 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. Iwatani's Cost of Goods Sold for the three months ended in Dec. 2023 was 円160,980 Mil. Iwatani's Average Total Inventories for the quarter that ended in Dec. 2023 was 円75,026 Mil. Iwatani's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Iwatani's Days Inventory for the three months ended in Dec. 2023 was 42.53.

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. Iwatani's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.34.

Iwatani Inventory Turnover Historical Data

The historical data trend for Iwatani'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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Iwatani Inventory Turnover Chart

Iwatani Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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12.26

9.55

10.53

11.03

8.58

Iwatani 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															2.54	2.01	1.84	2.15	2.20

Iwatani Inventory Turnover Calculation

Iwatani'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 )
=	618413	/ (	(69610	+	74463)	/	2 )
=	618413	/	72036.5
=	8.58

Iwatani'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 )
=	160980	/ (	(75025	+	75026)	/	2 )
=	160980	/	75025.5
=	2.15

Iwatani (TSE:8088) 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.

Iwatani'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
	=	75025.5	/	160980	*	365 / 4
	=	42.53

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.

Iwatani'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 )
	=	75025.5	/	223302
	=	0.34

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.

Iwatani Inventory Turnover Related Terms

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Iwatani (TSE:8088) Business Description

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IWTNF:USA IWA:Germany

Address

6-4, Hommachi 3-chome, Chuo-ku, Osaka, JPN, 541-0053

Website

http://www.iwatani.co.jp

Iwatani Corp is a Japanese conglomerate involved in a variety of energy, industrial, and food services activities. Iwatani segments its operations into Energy, Industrial Gases and Machinery, Materials, and Agri-bio and Foods businesses. The company derives the majority of its revenue from its Energy division. In this unit, Iwatani supplies LPG and petroleum products for household, commercial, and industrial use. The company's Industrial Gases & Machinery and Materials divisions are also responsible for significant income streams. These segments supply high-pressure gases, such as hydrogen and nitrogen, and rare earth metals used in the manufacturing of technology products, respectively. The vast majority of Iwatani's revenue comes from its operations in Japan.

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