Kura Sushi USA (Kura Sushi USA) Total Inventories : $1.9 Mil (As of Feb. 2024)

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What is Kura Sushi USA Total Inventories?

Kura Sushi USA's total inventories for the quarter that ended in Feb. 2024 was $1.9 Mil. Kura Sushi USA's average total inventories from the quarter that ended in Nov. 2023 to the quarter that ended in Feb. 2024 was $1.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Kura Sushi USA's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was $-7.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kura Sushi USA's Days Inventory for the three months ended in Feb. 2024 was 3.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. Kura Sushi USA's Inventory Turnover for the quarter that ended in Feb. 2024 was 27.82.

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. Kura Sushi USA's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.03.

Kura Sushi USA Total Inventories Historical Data

The historical data trend for Kura Sushi USA's Total Inventories 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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Kura Sushi USA Total Inventories Chart

Kura Sushi USA Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Inventories

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0.54

0.37

0.73

1.12

1.75

Kura Sushi USA Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Inventories	Get a 7-Day Free Trial															1.44	1.39	1.75	1.77	1.87

Kura Sushi USA Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Kura Sushi USA (NAS:KRUS) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Kura Sushi USA's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is

	Net-Net Working Capital Per Share (Q: Feb. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(62.843	+	0.75 * 1.287	+	0.5 * 1.874	-	150.249
-	0	-	0)	/	11.2261
=	-7.62

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Kura Sushi USA's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	1.8225	/	50.706	*	365 / 4
	=	3.28

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Kura Sushi USA's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2024 )	/	Average Total Inventories (Q: Feb. 2024 )
	=	50.706	/	1.8225
	=	27.82

4. 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.

Kura Sushi USA's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	1.8225	/	57.291
	=	0.03

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Kura Sushi USA Total Inventories Related Terms

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Kura Sushi USA (Kura Sushi USA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Kura Sushi USA Inc (NAS:KRUS) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

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Address

17461 Derian Avenue, Suite 200, Irvine, California, DE, USA, 92614

Website

https://www.kurasushi.com

Kura Sushi USA Inc is a Japanese restaurant company. It operates revolving sushi chain restaurants in the United States. It provides access to the revolving and express conveyor belts, on-demand ordering screen, plate slot, and the Bikkura-Pon rewards machine. The company offers several dishes, including Dashi Olive Salmon, Tomago, Sweet Shrimp, Tuna, Garlic Tuna Steak, Salmon, among others. Geographically, it derives revenue from the United States of America.

Executives

Brent Takao	officer: See Remarks	C/O KURA SUSHI USA, INC., 17461 DERIAN AVE., SUITE 200, IRVINE CA 92614
Carin Stutz	director	C/O BRINKER INTERNATIONAL, INC., 6820 LBJ FREEWAY, DALLAS TX 75240
Jeffrey J Uttz	officer: Chief Financial Officer	C/O SHAKE SHACK INC., 24 UNION SQUARE EAST, 5TH FLOOR, NEW YORK NY 10003
Shahin Allameh	officer: Chief Operating Officer	C/O KURA SUSHI USA, INC., 17461 DERIAN AVENUE, SUITE 200, IRVINE CA 92614
Benrubi Steven	officer: Chief Financial Officer	C/O KURA SUSHI USA, INC., 17461 DERIAN AVENUE, SUITE 200, IRVINE CA 92614
Hiroyuki Okamoto	director	C/O KURA SUSHI USA, INC., 17461 DERIAN AVE., SUITE 200, IRVINE CA 92614
Kim Ellis	director	C/O KURA SUSHI USA, INC., 17461 DERIAN AVE., SUITE 200, IRVINE CA 92614
Shintaro Asako	director	1301 SECOND AVENUE, SUITE 4200, SEATTLE WA 98101
Manabu Kamei	director, officer: Chief Operating Officer	C/O KURA SUSHI USA, INC., 17932 SKY PARK CIRCLE, SUITE H, IRVINE CA 92614
Hideto Sugimoto	officer: Director of Operations	C/O KURA SUSHI USA, INC., 17932 SKY PARK CIRCLE, SUITE H, IRVINE CA 92614
Koji Shinohara	director, officer: See Remarks	C/O KURA SUSHI USA, INC., 17932 SKY PARK CIRCLE, SUITE H, IRVINE CA 92614
Hajime Uba	director, officer: See Remarks	C/O KURA SUSHI USA, INC., 17461 DERIAN AVE., SUITE 200, IRVINE CA 92614
Seitaro Ishii	director	C/O KURA SUSHI USA, INC., 17461 DERIAN AVE., SUITE 200, IRVINE CA 92614
Kura Sushi, Inc.	10 percent owner	1-2-2 FUKASAKA, NAKA-KU, SAKAI-SHI, OSAKA M0 599-8253