Daiwa Industries (TSE:6459) Inventory Turnover : 1.14 (As of Dec. 2023)

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What is Daiwa Industries 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. Daiwa Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was 円4,643 Mil. Daiwa Industries's Average Total Inventories for the quarter that ended in Dec. 2023 was 円4,087 Mil. Daiwa Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Daiwa Industries's Days Inventory for the three months ended in Dec. 2023 was 80.32.

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. Daiwa Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.39.

Daiwa Industries Inventory Turnover Historical Data

The historical data trend for Daiwa Industries'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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Daiwa Industries Inventory Turnover Chart

Daiwa Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.30

5.79

7.74

7.37

5.56

Daiwa Industries 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															1.69	1.55	1.40	1.36	1.14

Daiwa Industries Inventory Turnover Calculation

Daiwa Industries'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 )
=	19835.137	/ (	(2992.174	+	4140.352)	/	2 )
=	19835.137	/	3566.263
=	5.56

Daiwa Industries'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 )
=	4642.758	/ (	(4033.4	+	4140.352)	/	2 )
=	4642.758	/	4086.876
=	1.14

Daiwa Industries (TSE:6459) 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.

Daiwa Industries'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
	=	4086.876	/	4642.758	*	365 / 4
	=	80.32

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.

Daiwa Industries'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 )
	=	4086.876	/	10538.947
	=	0.39

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.

Daiwa Industries Inventory Turnover Related Terms

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Daiwa Industries (TSE:6459) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Daiwa Industries Ltd (TSE:6459) » Definitions » Inventory Turnover

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DAWIF:USA

Address

3-13 Obase-cho, Daiwa Reiki Uehonmachi DRK Building, Tennoji-ward, Osaka, JPN, 543-0028

Website

http://www.daiwa-inds.com

Daiwa Industries Ltd is a Japanese company that primarily manufactures, sells, and leases freezers, refrigerators, showcases, ice machines, vending machines, cold-applied products, kitchen equipment, equipment, and parts. The company is also involved in planning, designing, and construction of stores and kitchens. Other business activities of the company include construction work and power generation.

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