Kirin Holdings Co (Kirin Holdings Co) Inventory Turnover : 0.95 (As of Dec. 2023)

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What is Kirin Holdings 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. Kirin Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,194 Mil. Kirin Holdings Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $2,316 Mil. Kirin Holdings Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kirin Holdings Co's Days Inventory for the three months ended in Dec. 2023 was 96.35.

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. Kirin Holdings Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.57.

Kirin Holdings Co Inventory Turnover Historical Data

The historical data trend for Kirin Holdings 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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Kirin Holdings Co Inventory Turnover Chart

Kirin Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.23

4.91

4.12

3.72

3.66

Kirin Holdings Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.99	0.83	0.88	0.92	0.95

Kirin Holdings Co Inventory Turnover Calculation

Kirin Holdings Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	8132.482	/ (	(2150.772	+	2298.795)	/	2 )
=	8132.482	/	2224.7835
=	3.66

Kirin Holdings 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 )
=	2193.817	/ (	(2333.931	+	2298.795)	/	2 )
=	2193.817	/	2316.363
=	0.95

Kirin Holdings Co (OTCPK:KNBWY) 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.

Kirin Holdings 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
	=	2316.363	/	2193.817	*	365 / 4
	=	96.35

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.

Kirin Holdings 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 )
	=	2316.363	/	4073.593
	=	0.57

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.

Kirin Holdings Co Inventory Turnover Related Terms

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Kirin Holdings Co (Kirin Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Kirin Holdings Co Ltd (OTCPK:KNBWY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

KNBWF:USA 2503:Japan KIR:Germany

Address

Nakano Central Park South, 10-2, Nakano 4-chome, Nakano-ku, Tokyo, JPN, 164-0001

Website

http://www.kirinholdings.co.jp

Kirin is the second largest brewer by value in Japan, with an estimated 35.7% volume share in beer and beer-like category as of 2022. It holds a top share in happoshu (low-malt beer) and new genre (no-malt beer) categories. Apart from beer, it also operates a wide range of acholic and soft beverage products in Japan. It made several acquisitions including Lion Nathan and National Foods in Oceania, the Brazilian brewer Schincariol, and Myanmar Brewery, but has divested most of the acquired businesses except Lion. It has shifted focus back to the domestic brewery after a painful exit from Brazil in 2017 and identified craft beer and wellness as new growth drivers. Overseas business represents about 40% of group's sales. It also owns a 48.6% stake in the largest Filipino brewer San Miguel.

Kirin Holdings Co (Kirin Holdings Co) Headlines

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