Keyence (Keyence) Inventory Turnover : 0.46 (As of Dec. 2023)

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What is Keyence 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. Keyence's Cost of Goods Sold for the three months ended in Dec. 2023 was $278 Mil. Keyence's Average Total Inventories for the quarter that ended in Dec. 2023 was $600 Mil. Keyence's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Keyence's Days Inventory for the three months ended in Dec. 2023 was 196.61.

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. Keyence's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.36.

Keyence Inventory Turnover Historical Data

The historical data trend for Keyence'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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Keyence Inventory Turnover Chart

Keyence Annual Data

Trend

Mar12

Mar14

Mar15

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.84

2.82

2.67

2.13

1.88

Keyence 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															0.50	0.44	0.46	0.46	0.50

Keyence Inventory Turnover Calculation

Keyence'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 )
=	1099.884	/ (	(653.795	+	518.046)	/	2 )
=	1099.884	/	585.9205
=	1.88

Keyence'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 )
=	278.494	/ (	(592.688	+	607.397)	/	2 )
=	278.494	/	600.0425
=	0.46

Keyence (OTCPK:KYCCF) 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.

Keyence'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
	=	600.0425	/	278.494	*	365 / 4
	=	196.61

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.

Keyence'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 )
	=	600.0425	/	1674.583
	=	0.36

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.

Keyence Inventory Turnover Related Terms

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Keyence (Keyence) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Keyence Corp (OTCPK:KYCCF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

KEY:Mexico 6861:Japan KEE:Germany

Address

1-3-14, Higashi-nakajima, Higashi-Yodogawa, Osaka, JPN, 533-8555

Website

http://www.keyence.co.jp

Keyence develops and sells factory automation sensors, machine vision systems, barcode readers, programmable logic controllers, laser markers, measuring instruments, and digital microscopes. The company has a fabless business model where manufacturing of its products is outsourced to qualified contract manufacturing companies, while it focuses on product planning and development. It serves customers in automotive, metals/machining, semiconductor/electronics, food, pharmaceutical, and other industries. Keyence was founded in 1972 and is headquartered in Osaka, Japan.

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