Maezawa Industries (TSE:6489) Inventory Turnover : 0.89 (As of Feb. 2024)

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What is Maezawa Industries 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. Maezawa Industries's Cost of Goods Sold for the three months ended in Feb. 2024 was 円7,149 Mil. Maezawa Industries's Average Total Inventories for the quarter that ended in Feb. 2024 was 円7,998 Mil. Maezawa Industries's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Maezawa Industries's Days Inventory for the three months ended in Feb. 2024 was 102.08.

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. Maezawa Industries's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.73.

Maezawa Industries Inventory Turnover Historical Data

The historical data trend for Maezawa Industries'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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Maezawa Industries Inventory Turnover Chart

Maezawa Industries Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Inventory Turnover

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4.19

3.93

3.99

3.85

Maezawa Industries Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Inventory Turnover	Get a 7-Day Free Trial															0.89	1.10	0.44	0.73	0.89

Maezawa Industries Inventory Turnover Calculation

Maezawa Industries's Inventory Turnover for the fiscal year that ended in May. 2023 is calculated as

	Inventory Turnover (A: May. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: May. 2023 )	/ (	(Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )
=	22927	/ (	(5196	+	6721)	/	2 )
=	22927	/	5958.5
=	3.85

Maezawa Industries's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

	Inventory Turnover (Q: Feb. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Feb. 2024 )	/ (	(Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )
=	7149	/ (	(7979	+	8016)	/	2 )
=	7149	/	7997.5
=	0.89

Maezawa Industries (TSE:6489) 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.

Maezawa Industries'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
	=	7997.5	/	7149	*	365 / 4
	=	102.08

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.

Maezawa Industries'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 )
	=	7997.5	/	11027
	=	0.73

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.

Maezawa Industries Inventory Turnover Related Terms

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Maezawa Industries (TSE:6489) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Maezawa Industries Inc (TSE:6489) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

2-7-2 Yaesu, Chuo-ku, Tokyo, JPN, 104-8351

Website

http://www.maezawa.co.jp

Maezawa Industries Inc is a provider of water and environmental engineering services. The company manufactures and sells equipment and valves for both water and sewage facilities. Its product portfolio includes Gate valves, Control valves, Butterfly valves, Check valves, Eccentric valves, Air valves, Hydrants, Maintenance valves, ESO valves, Sluice Gates, and environmental systems including water purification, sewage treatment soil purification, and system consultation services. Its water treatment solutions include High-quality water supply, water purification, wastewater treatment, and industrial environment.

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