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Asahi Kagaku Kogyo Co (TSE:7928) Inventory-to-Revenue : 0.23 (As of May. 2024)


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What is Asahi Kagaku Kogyo Co Inventory-to-Revenue?

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. Asahi Kagaku Kogyo Co's Average Total Inventories for the quarter that ended in May. 2024 was 円491 Mil. Asahi Kagaku Kogyo Co's Revenue for the three months ended in May. 2024 was 円2,096 Mil. Asahi Kagaku Kogyo Co's Inventory-to-Revenue for the quarter that ended in May. 2024 was 0.23.

Asahi Kagaku Kogyo Co's Inventory-to-Revenue for the quarter that ended in May. 2024 declined from Feb. 2024 (0.25) to Feb. 2024 (0.23)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asahi Kagaku Kogyo Co's Days Inventory for the three months ended in May. 2024 was 23.62.

Inventory Turnover measures how fast the company turns over its inventory within a year. Asahi Kagaku Kogyo Co's Inventory Turnover for the quarter that ended in May. 2024 was 3.86.


Asahi Kagaku Kogyo Co Inventory-to-Revenue Historical Data

The historical data trend for Asahi Kagaku Kogyo Co's Inventory-to-Revenue 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.

Asahi Kagaku Kogyo Co Inventory-to-Revenue Chart

Asahi Kagaku Kogyo Co Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.05 0.06 0.05 0.06 0.07

Asahi Kagaku Kogyo Co Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.25 0.22 0.22 0.25 0.23

Competitive Comparison of Asahi Kagaku Kogyo Co's Inventory-to-Revenue

For the Tools & Accessories subindustry, Asahi Kagaku Kogyo Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Asahi Kagaku Kogyo Co's Inventory-to-Revenue Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Asahi Kagaku Kogyo Co's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Asahi Kagaku Kogyo Co's Inventory-to-Revenue falls into.



Asahi Kagaku Kogyo Co Inventory-to-Revenue Calculation

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.

Asahi Kagaku Kogyo Co's Inventory-to-Revenue for the fiscal year that ended in Aug. 2023 is calculated as

Inventory-to-Revenue (A: Aug. 2023 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Aug. 2022 ) + Total Inventories (A: Aug. 2023 )) / count ) / Revenue (A: Aug. 2023 )
=( (737.121 + 468.1) / 2 ) / 8663.297
=602.6105 / 8663.297
=0.07

Asahi Kagaku Kogyo Co's Inventory-to-Revenue for the quarter that ended in May. 2024 is calculated as

Inventory-to-Revenue (Q: May. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Feb. 2024 ) + Total Inventories (Q: May. 2024 )) / count ) / Revenue (Q: May. 2024 )
=( (459.572 + 522.491) / 2 ) / 2096.035
=491.0315 / 2096.035
=0.23

* 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.


Asahi Kagaku Kogyo Co  (TSE:7928) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Asahi Kagaku Kogyo Co's Days Inventory for the three months ended in May. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: May. 2024 )/Cost of Goods Sold (Q: May. 2024 )*Days in Period
=491.0315/1897.25*365 / 4
=23.62

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

Asahi Kagaku Kogyo Co's Inventory Turnover for the quarter that ended in May. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: May. 2024 ) / Average Total Inventories (Q: May. 2024 )
=1897.25 / 491.0315
=3.86

* 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.


Asahi Kagaku Kogyo Co Inventory-to-Revenue Related Terms

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Asahi Kagaku Kogyo Co Business Description

Traded in Other Exchanges
N/A
Address
Anjo-shi Shioga Irucho Hiromi 133-3, Aichi, JPN, 844-1205
Asahi Kagaku Kogyo Co Ltd is a manufacturer of plastic parts, plastics molded products, processed goods and sets of plastics. It also provides electric tool parts, automobile parts, applied equipment, pump parts, building materials.

Asahi Kagaku Kogyo Co Headlines

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