Japan Insulation Co (TSE:5368) Inventory Turnover : 1.96 (As of Dec. 2023)

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What is Japan Insulation 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. Japan Insulation Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円2,165 Mil. Japan Insulation Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円1,102 Mil. Japan Insulation Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Japan Insulation Co's Days Inventory for the three months ended in Dec. 2023 was 46.46.

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. Japan Insulation Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.36.

Japan Insulation Co Inventory Turnover Historical Data

The historical data trend for Japan Insulation 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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Japan Insulation Co Inventory Turnover Chart

Japan Insulation Co Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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9.93

10.86

10.66

11.84

10.01

Japan Insulation Co Quarterly Data
	Mar18	Mar19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial														2.60	2.31	2.02	1.99	1.96

Japan Insulation Co Inventory Turnover Calculation

Japan Insulation Co's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	9112.333	/ (	(798.85	+	1021.449)	/	2 )
=	9112.333	/	910.1495
=	10.01

Japan Insulation 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 )
=	2164.513	/ (	(1085.924	+	1118.2)	/	2 )
=	2164.513	/	1102.062
=	1.96

Japan Insulation Co (TSE:5368) 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.

Japan Insulation 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
	=	1102.062	/	2164.513	*	365 / 4
	=	46.46

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.

Japan Insulation 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 )
	=	1102.062	/	3057.749
	=	0.36

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.

Japan Insulation Co Inventory Turnover Related Terms

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Japan Insulation Co (TSE:5368) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Japan Insulation Co Ltd (TSE:5368) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Beside Kiba 3rd Floor, 2-17-16, Kiba, Koto-ku, Tokyo, JPN, 135-0042

Website

https://www.jic-bestork.co.jp

Japan Insulation Co Ltd is engaged in manufacturing and selling heat insulating materials made of Xonotlite-type calcium silicate. The company develops, produces, and sells disaster prevention materials to disturb a fire, including fireproof and non-combustible materials for buildings, non-combustible interior materials for ships, thermal insulation materials for plant equipment, fireproof materials for telecommunication cables for bridges and tunnels, boards for processing sculptures and signboards, and lightweight and highly heat resistant inorganic powder.

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