Aisan Industry Co (NGO:7283) Inventory Turnover : 2.22 (As of Dec. 2023)

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What is Aisan Industry 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. Aisan Industry Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円73,539 Mil. Aisan Industry Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円33,058 Mil. Aisan Industry Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Aisan Industry Co's Days Inventory for the three months ended in Dec. 2023 was 41.02.

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. Aisan Industry Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.39.

Aisan Industry Co Inventory Turnover Historical Data

The historical data trend for Aisan Industry 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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Aisan Industry Co Inventory Turnover Chart

Aisan Industry Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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8.08

7.18

6.86

6.68

7.99

Aisan Industry 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															1.67	1.80	2.07	2.22	2.16

Aisan Industry Co Inventory Turnover Calculation

Aisan Industry 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 )
=	273118	/ (	(34776	+	33566)	/	2 )
=	273118	/	34171
=	7.99

Aisan Industry 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 )
=	73539	/ (	(33345	+	32771)	/	2 )
=	73539	/	33058
=	2.22

Aisan Industry Co (NGO:7283) 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.

Aisan Industry 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
	=	33058	/	73539	*	365 / 4
	=	41.02

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.

Aisan Industry 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 )
	=	33058	/	85676
	=	0.39

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.

Aisan Industry Co Inventory Turnover Related Terms

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Aisan Industry Co (NGO:7283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Aisan Industry Co Ltd (NGO:7283) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

7283:Japan

Address

1-1-1 Kyowa-cho, Obu-shi, Aichi-ken, JPN, 474-8588

Website

http://www.aisan-ind.co.jp

Aisan Industry Co Ltd is a Japan based company engaged in manufacturing and sales of automotive parts. Its products include Fuel system products such as Fuel pump module to regulate pressure of the fuel; Intake and exhaust system products including throttle body, intake manifold, exhaust gas re-circulation product, positive crankcase ventilation valve; Emission control system products such as charcoal canister; Valve train system such as Engine Valve; Products for motorcycle such as FI System for Small Motorcycle, Titanium Alloy Engine Valve for Motorcycle, Charcoal Canister for Motorcycle; and Products for green vehicle includes products for fuel cell vehicle, products for electric vehicle and gas fuel systems for LPG, CNG.

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