SKXJF (Sankyo Co) Inventory Turnover : 0.98 (As of Sep. 2024)

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What is Sankyo 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. Sankyo Co's Cost of Goods Sold for the three months ended in Sep. 2024 was $136 Mil. Sankyo Co's Average Total Inventories for the quarter that ended in Sep. 2024 was $139 Mil. Sankyo Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sankyo Co's Days Inventory for the three months ended in Sep. 2024 was 93.34.

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. Sankyo Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.41.

Sankyo Co Inventory Turnover Historical Data

The historical data trend for Sankyo 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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Sankyo Co Inventory Turnover Chart

Sankyo Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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8.56

5.42

5.94

5.67

5.51

Sankyo Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															2.01	1.91	0.84	1.03	0.98

Sankyo Co Inventory Turnover Calculation

Sankyo 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 )
=	590.181	/ (	(109.154	+	105.247)	/	2 )
=	590.181	/	107.2005
=	5.51

Sankyo Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	135.638	/ (	(0	+	138.744)	/	1 )
=	135.638	/	138.744
=	0.98

Sankyo Co (OTCPK:SKXJF) 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.

Sankyo Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	138.744	/	135.638	*	365 / 4
	=	93.34

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.

Sankyo Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	138.744	/	339.403
	=	0.41

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.

Sankyo Co Inventory Turnover Related Terms

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Sankyo Co Business Description

Industry

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Traded in Other Exchanges

6417:Japan SOK:Germany

Address

3-29-14 Shibuya, Shibuya-ku, Tokyo, JPN, 150-8327

Website

https://www.sankyo-fever.co.jp

Sankyo Co Ltd manufactures and sells pachinko and pachislot machines to the gambling industry. Pachinko machines, a gambling device with pinball-like characteristics, are sold to pachinko parlors throughout Japan. Pachinko parlors allow users to purchase small steel balls, which are utilized in pachinko machines under the objective of winning more balls that can then be exchanged for prizes. Pachislot machines, which are a similar gambling device as pachinko and slot machines, are also sold to gambling parlors throughout Japan. The company generates the vast majority of its revenue in Japan.

Sankyo Co Headlines

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Sankyo Co Stock Gives Every Indication Of Being Modestly Undervalued

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