West Japan Railway Co (West Japan Railway Co) Total Inventories : $1,292 Mil (As of Dec. 2023)

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

What is West Japan Railway Co Total Inventories?

West Japan Railway Co's total inventories for the quarter that ended in Dec. 2023 was $1,292 Mil. West Japan Railway Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $1,254 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. West Japan Railway Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-30.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. West Japan Railway Co's Days Inventory for the three months ended in Dec. 2023 was 54.12.

Inventory Turnover measures how fast the company turns over its inventory within a year. West Japan Railway Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.69.

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. West Japan Railway Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.43.

West Japan Railway Co Total Inventories Historical Data

The historical data trend for West Japan Railway Co'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.

* Premium members only.

West Japan Railway Co Total Inventories Chart

West Japan Railway Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

Get a 7-Day Free Trial

943.16

1,087.50

1,093.84

1,230.29

1,146.41

West Japan Railway Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															1,420.76	1,146.41	1,197.53	1,214.85	1,292.22

West Japan Railway Co 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.

West Japan Railway Co (OTCPK:WJRYY) 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.

West Japan Railway Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1520.952	+	0.75 * 1154.176	+	0.5 * 1292.215	-	16883.961
-	0	-	788.421)	/	487.371
=	-30.04

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

West Japan Railway 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
	=	1253.531	/	2113.48	*	365 / 4
	=	54.12

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

West Japan Railway Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	2113.48	/	1253.531
	=	1.69

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.

West Japan Railway 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 )
	=	1253.531	/	2947.74
	=	0.43

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.

West Japan Railway Co Total Inventories Related Terms

Thank you for viewing the detailed overview of West Japan Railway Co's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

West Japan Railway Co (West Japan Railway Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » West Japan Railway Co (OTCPK:WJRYY) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

WJRYF:USA 9021:Japan WEJ:Germany

Address

4-24, Shibata 2-chome, Kita-ku, Osaka, JPN, 530-8341

Website

http://www.westjr.co.jp

West Japan Railway, or JR West, is the main railway operator in Western Japan, headquartered in Osaka. It was originally established when the government-owned nationwide railway operator underwent a six-way territorial split in 1987. Its main assets are the Sanyo Shinkansen, which stretches from Osaka to Fukuoka, and the urban rail network in the Osaka-Kobe-Kyoto metropolitan area. Its nearly 5,000 kilometers of rail track covers a third of Japan's population and a fifth of its land area. Rail operations contribute more than half of revenue, with most of the balance from retail operations, real estate investments, travel agencies, and hotels.