Koito Manufacturing Co (Koito Manufacturing Co) Inventory Turnover : 2.21 (As of Mar. 2024)

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What is Koito Manufacturing 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. Koito Manufacturing Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,434 Mil. Koito Manufacturing Co's Average Total Inventories for the quarter that ended in Mar. 2024 was $650 Mil. Koito Manufacturing Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Koito Manufacturing Co's Days Inventory for the three months ended in Mar. 2024 was 41.36.

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. Koito Manufacturing Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.41.

Koito Manufacturing Co Inventory Turnover Historical Data

The historical data trend for Koito Manufacturing 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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Koito Manufacturing Co Inventory Turnover Chart

Koito Manufacturing Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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10.34

8.71

7.76

7.77

8.31

Koito Manufacturing 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															2.13	2.01	2.11	2.28	2.21

Koito Manufacturing Co Inventory Turnover Calculation

Koito Manufacturing 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 )
=	5630.95	/ (	(715.741	+	639.413)	/	2 )
=	5630.95	/	677.577
=	8.31

Koito Manufacturing Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1433.827	/ (	(660.425	+	639.413)	/	2 )
=	1433.827	/	649.919
=	2.21

Koito Manufacturing Co (OTCPK:KOTMY) 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.

Koito Manufacturing Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	649.919	/	1433.827	*	365 / 4
	=	41.36

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.

Koito Manufacturing Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	649.919	/	1570.793
	=	0.41

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.

Koito Manufacturing Co Inventory Turnover Related Terms

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Koito Manufacturing Co (Koito Manufacturing Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Koito Manufacturing Co Ltd (OTCPK:KOTMY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

7276:Japan

Address

4-8-3, Takanawa, Minato-ku, Tokyo, JPN, 108-8711

Website

http://www.koito.co.jp

Koito Manufacturing Co Ltd is producing and marketing automotive lighting equipment, such as LED taillights, headlights, and fog lights, aircraft parts, interior and exterior lights, and electrical equipment. The company's products are used in the transportation industry including automobiles, aviation, railways, shipping, and traffic systems. Koito Manufacturing generates the majority of its revenue in Japan, China, and North America. Other regions are Other Asia and Europe.

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