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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. Kura Sushi USA's Cost of Goods Sold for the three months ended in Feb. 2024 was $50.7 Mil. Kura Sushi USA's Average Total Inventories for the quarter that ended in Feb. 2024 was $1.8 Mil. Kura Sushi USA's Inventory Turnover for the quarter that ended in Feb. 2024 was 27.82.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kura Sushi USA's Days Inventory for the three months ended in Feb. 2024 was 3.28.
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. Kura Sushi USA's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.03.
The historical data trend for Kura Sushi USA'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.
Kura Sushi USA Annual Data | ||||||||||||||||
Trend | Aug17 | Aug18 | Aug19 | Aug20 | Aug21 | Aug22 | Aug23 | |||||||||
Inventory Turnover | Get a 7-Day Free Trial | 118.58 | 109.10 | 106.88 | 128.66 | 110.67 |
Kura Sushi USA Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Inventory Turnover | Get a 7-Day Free Trial | 27.84 | 28.92 | 28.91 | 25.93 | 27.82 |
Kura Sushi USA's Inventory Turnover for the fiscal year that ended in Aug. 2023 is calculated as
Inventory Turnover (A: Aug. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Aug. 2023 ) | / ( | (Total Inventories (A: Aug. 2022 ) | + | Total Inventories (A: Aug. 2023 )) | / | count ) |
= | 158.652 | / ( | (1.12 | + | 1.747) | / | 2 ) |
= | 158.652 | / | 1.4335 | ||||
= | 110.67 |
Kura Sushi USA's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as
Inventory Turnover (Q: Feb. 2024 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Feb. 2024 ) | / ( | (Total Inventories (Q: Nov. 2023 ) | + | Total Inventories (Q: Feb. 2024 )) | / | count ) |
= | 50.706 | / ( | (1.771 | + | 1.874) | / | 2 ) |
= | 50.706 | / | 1.8225 | ||||
= | 27.82 |
* 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.
Kura Sushi USA (NAS:KRUS) 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.
Kura Sushi USA's Days Inventory for the three months ended in Feb. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Feb. 2024 ) | / | Cost of Goods Sold (Q: Feb. 2024 ) | * | Days in Period |
= | 1.8225 | / | 50.706 | * | 365 / 4 | |
= | 3.28 |
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.
Kura Sushi USA's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Feb. 2024 ) | / | Revenue (Q: Feb. 2024 ) |
= | 1.8225 | / | 57.291 | |
= | 0.03 |
* 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.
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.
Thank you for viewing the detailed overview of Kura Sushi USA's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Brent Takao | officer: See Remarks | C/O KURA SUSHI USA, INC., 17461 DERIAN AVE., SUITE 200, IRVINE CA 92614 |
Carin Stutz | director | C/O BRINKER INTERNATIONAL, INC., 6820 LBJ FREEWAY, DALLAS TX 75240 |
Jeffrey J Uttz | officer: Chief Financial Officer | C/O SHAKE SHACK INC., 24 UNION SQUARE EAST, 5TH FLOOR, NEW YORK NY 10003 |
Shahin Allameh | officer: Chief Operating Officer | C/O KURA SUSHI USA, INC., 17461 DERIAN AVENUE, SUITE 200, IRVINE CA 92614 |
Benrubi Steven | officer: Chief Financial Officer | C/O KURA SUSHI USA, INC., 17461 DERIAN AVENUE, SUITE 200, IRVINE CA 92614 |
Hiroyuki Okamoto | director | C/O KURA SUSHI USA, INC., 17461 DERIAN AVE., SUITE 200, IRVINE CA 92614 |
Kim Ellis | director | C/O KURA SUSHI USA, INC., 17461 DERIAN AVE., SUITE 200, IRVINE CA 92614 |
Shintaro Asako | director | 1301 SECOND AVENUE, SUITE 4200, SEATTLE WA 98101 |
Manabu Kamei | director, officer: Chief Operating Officer | C/O KURA SUSHI USA, INC., 17932 SKY PARK CIRCLE, SUITE H, IRVINE CA 92614 |
Hideto Sugimoto | officer: Director of Operations | C/O KURA SUSHI USA, INC., 17932 SKY PARK CIRCLE, SUITE H, IRVINE CA 92614 |
Koji Shinohara | director, officer: See Remarks | C/O KURA SUSHI USA, INC., 17932 SKY PARK CIRCLE, SUITE H, IRVINE CA 92614 |
Hajime Uba | director, officer: See Remarks | C/O KURA SUSHI USA, INC., 17461 DERIAN AVE., SUITE 200, IRVINE CA 92614 |
Seitaro Ishii | director | C/O KURA SUSHI USA, INC., 17461 DERIAN AVE., SUITE 200, IRVINE CA 92614 |
Kura Sushi, Inc. | 10 percent owner | 1-2-2 FUKASAKA, NAKA-KU, SAKAI-SHI, OSAKA M0 599-8253 |
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