Press Kogyo Co (TSE:7246) Inventory Turnover : 3.11 (As of Dec. 2023)

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What is Press Kogyo 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. Press Kogyo Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円44,142 Mil. Press Kogyo Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円14,179 Mil. Press Kogyo Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Press Kogyo Co's Days Inventory for the three months ended in Dec. 2023 was 29.31.

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. Press Kogyo Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.27.

Press Kogyo Co Inventory Turnover Historical Data

The historical data trend for Press Kogyo 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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Press Kogyo Co Inventory Turnover Chart

Press Kogyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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15.01

10.05

8.94

10.50

10.81

Press Kogyo 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															2.31	3.04	2.97	3.11	2.70

Press Kogyo Co Inventory Turnover Calculation

Press Kogyo 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 )
=	169376	/ (	(15666	+	15666)	/	2 )
=	169376	/	15666
=	10.81

Press Kogyo 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 )
=	44142	/ (	(14170	+	14188)	/	2 )
=	44142	/	14179
=	3.11

Press Kogyo Co (TSE:7246) 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.

Press Kogyo 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
	=	14179	/	44142	*	365 / 4
	=	29.31

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.

Press Kogyo 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 )
	=	14179	/	52547
	=	0.27

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.

Press Kogyo Co Inventory Turnover Related Terms

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Press Kogyo Co (TSE:7246) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Press Kogyo Co Ltd (TSE:7246) » Definitions » Inventory Turnover

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Traded in Other Exchanges

2YO:Germany

Address

1-1-1 Shiohama, Kawasaki-ku, Kanagawa, Kawasaki-shi, JPN, 210-8512

Website

http://www.presskogyo.co.jp

Press Kogyo Co Ltd is a manufacturer of automobile and construction machinery parts. It is engaged in truck steel stamping for the automotive industry. It offers chassis frames, axels, and construction machinery cabins as a manufacturer of the automobile. The company also offers Stamping Dies Automatic Welding Equipments Components for Building Parking System.

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