Eiken Industries Co (TSE:7265) Inventory Turnover : 1.33 (As of Jan. 2024)

View and export this data going back to 1997. Start your Free Trial

What is Eiken Industries 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. Eiken Industries Co's Cost of Goods Sold for the three months ended in Jan. 2024 was 円1,500 Mil. Eiken Industries Co's Average Total Inventories for the quarter that ended in Jan. 2024 was 円1,127 Mil. Eiken Industries Co's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eiken Industries Co's Days Inventory for the three months ended in Jan. 2024 was 68.56.

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. Eiken Industries Co's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.65.

Eiken Industries Co Inventory Turnover Historical Data

The historical data trend for Eiken Industries 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.

* Premium members only.

Eiken Industries Co Inventory Turnover Chart

Eiken Industries Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Inventory Turnover

Get a 7-Day Free Trial

6.52

5.70

6.80

6.49

5.72

Eiken Industries Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															1.52	1.46	1.18	1.27	1.33

Eiken Industries Co Inventory Turnover Calculation

Eiken Industries Co's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	5954.954	/ (	(988.162	+	1094.23)	/	2 )
=	5954.954	/	1041.196
=	5.72

Eiken Industries Co's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	1500.233	/ (	(1094.23	+	1160.13)	/	2 )
=	1500.233	/	1127.18
=	1.33

Eiken Industries Co (TSE:7265) 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.

Eiken Industries Co's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	1127.18	/	1500.233	*	365 / 4
	=	68.56

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.

Eiken Industries Co's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	1127.18	/	1743.236
	=	0.65

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.

Eiken Industries Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Eiken Industries Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Eiken Industries Co (TSE:7265) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Eiken Industries Co Ltd (TSE:7265) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

1370 Kadoya, Omaezaki-shi, Shizuoka, JPN, 437-1698

Website

http://www.eiken-kk.co.jp

Eiken Industries Co Ltd is a Japan based company filtration equipment manufacturer. It is engaged in manufacturing filers for internal combustion engines and special filters for industrial use. The products offered by the company include oil filter, air filter, fuel filter, cabin filter and burners.

Eiken Industries Co (TSE:7265) Headlines

No Headlines