Pilot (TSE:7846) Inventory Turnover : 0.39 (As of Dec. 2023)

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What is Pilot 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. Pilot's Cost of Goods Sold for the three months ended in Dec. 2023 was 円14,628 Mil. Pilot's Average Total Inventories for the quarter that ended in Dec. 2023 was 円37,332 Mil. Pilot's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Pilot's Days Inventory for the three months ended in Dec. 2023 was 232.88.

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. Pilot's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.23.

Pilot Inventory Turnover Historical Data

The historical data trend for Pilot'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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Pilot Inventory Turnover Chart

Pilot Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.09

1.82

2.03

1.80

1.62

Pilot 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															0.39	0.38	0.46	0.37	0.39

Pilot Inventory Turnover Calculation

Pilot'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 )
=	56712	/ (	(32834	+	37295)	/	2 )
=	56712	/	35064.5
=	1.62

Pilot'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 )
=	14628	/ (	(37368	+	37295)	/	2 )
=	14628	/	37331.5
=	0.39

Pilot (TSE:7846) 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.

Pilot'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
	=	37331.5	/	14628	*	365 / 4
	=	232.88

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.

Pilot'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 )
	=	37331.5	/	30339
	=	1.23

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.

Pilot Inventory Turnover Related Terms

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Pilot (TSE:7846) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Pilot Corp (TSE:7846) » Definitions » Inventory Turnover

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Traded in Other Exchanges

POGHF:USA

Address

2-6-21 Kyobashi, Chuo-ku, Tokyo, JPN, 104-8304

Website

http://www.pilot.co.jp

Pilot Corp is a Japanese company that manufactures, purchases, and distributes stationery items including writing instruments, other stationery products and toys, and relevant services. The company operates through four segments: Japan, the Americas, Europe, and Asia. The Japan segment distributes products through direct sales to retail stores in Japan, and this segment contributes the largest proportion of total group revenue. The Americas segment is mainly engaged in the manufacture and sales of ball pens in the United States, Mexico and Brazil. The Europe segment operates in Sweden, the United Kingdom, Germany, France, and others. The Asia segment provides writing materials in Taiwan, mainland China, Hong Kong, Indonesia, Malaysia, and Singapore.

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