Ray (TSE:4317) Total Inventories : 円495 Mil (As of Nov. 2023)

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What is Ray Total Inventories?

Ray's total inventories for the quarter that ended in Nov. 2023 was 円495 Mil. Ray's average total inventories from the quarter that ended in Aug. 2023 to the quarter that ended in Nov. 2023 was 円431 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ray's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was 円138.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ray's Days Inventory for the three months ended in Nov. 2023 was 16.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ray's Inventory Turnover for the quarter that ended in Nov. 2023 was 5.38.

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. Ray's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.12.

Ray Total Inventories Historical Data

The historical data trend for Ray's Total Inventories 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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Ray Total Inventories Chart

Ray Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Total Inventories

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364.90

263.93

218.56

242.13

213.81

Ray Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Inventories	Get a 7-Day Free Trial															790.38	213.81	230.76	366.59	494.53

Ray Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Ray (TSE:4317) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Ray's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2023 is

	Net-Net Working Capital Per Share (Q: Nov. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2572.898	+	0.75 * 2754.221	+	0.5 * 494.533	-	2904.547
-	0	-	0)	/	14.2614
=	138.93

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Ray's Days Inventory for the three months ended in Nov. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2023 )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
	=	430.562	/	2314.977	*	365 / 4
	=	16.97

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Ray's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Nov. 2023 )	/	Average Total Inventories (Q: Nov. 2023 )
	=	2314.977	/	430.562
	=	5.38

4. 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.

Ray's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	430.562	/	3691.912
	=	0.12

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Ray Total Inventories Related Terms

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Ray (TSE:4317) Business Description

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Address

6-15-21 Roppongi, Hakus Roppongi Building, Minato-ku, Tokyo, JPN, 106-0032

Website

http://www.ray.co.jp

Ray Corp is engaged in communication design, events, creative design, and show and visual technical businesses in Japan. It is involved in the planning and production of various promotions, events, exhibitions, expositions, showrooms, printed materials, designs, premium products, and digital promotion of the Web. The company is also engaged in the rental and operation of large video equipment in the MICE and concerts.; live broadcasting, shooting, and network distribution activities; and video equipment sale and operational support to showrooms, hotel and conference facilities among other services.

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