Japan Airlines Co (Japan Airlines Co) Inventory Turnover : 4.90 (As of Mar. 2024)

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What is Japan Airlines 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. Japan Airlines Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,461 Mil. Japan Airlines Co's Average Total Inventories for the quarter that ended in Mar. 2024 was $298 Mil. Japan Airlines Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Japan Airlines Co's Days Inventory for the three months ended in Mar. 2024 was 18.64.

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. Japan Airlines Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.11.

Japan Airlines Co Inventory Turnover Historical Data

The historical data trend for Japan Airlines 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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Japan Airlines Co Inventory Turnover Chart

Japan Airlines Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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27.23

20.71

19.96

21.49

19.75

Japan Airlines Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															5.25	5.06	5.20	5.25	4.90

Japan Airlines Co Inventory Turnover Calculation

Japan Airlines Co's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	5612.42	/ (	(274.92	+	293.348)	/	2 )
=	5612.42	/	284.134
=	19.75

Japan Airlines Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1460.893	/ (	(303.518	+	293.348)	/	2 )
=	1460.893	/	298.433
=	4.90

Japan Airlines Co (OTCPK:JAPSY) 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.

Japan Airlines Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	298.433	/	1460.893	*	365 / 4
	=	18.64

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.

Japan Airlines Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	298.433	/	2686.749
	=	0.11

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.

Japan Airlines Co Inventory Turnover Related Terms

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Japan Airlines Co (Japan Airlines Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Japan Airlines Co Ltd (OTCPK:JAPSY) » Definitions » Inventory Turnover

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Traded in Other Exchanges

9201:Japan JAL:Germany

Address

Nomura Real Estate Building, 2-4-11 Higashi-Shinagawa, Shinagawa-ku, Tokyo, JPN, 140-8637

Website

http://www.jal.com

Japan Airlines is an international air transport services company. It offers scheduled and nonscheduled air transport services and aerial work services. The company operates large aircraft, medium-size aircraft, small aircraft, and regional jets. JAL's route network comprises over 100 domestic routes and over 50 international routes. The airline flies to over 50 countries and regions and connects over 300 airports.

Japan Airlines Co (Japan Airlines Co) Headlines

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