Daicel (TSE:4202) Inventory Turnover : 0.56 (As of Dec. 2023)

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What is Daicel 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. Daicel's Cost of Goods Sold for the three months ended in Dec. 2023 was 円101,963 Mil. Daicel's Average Total Inventories for the quarter that ended in Dec. 2023 was 円181,665 Mil. Daicel's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Daicel's Days Inventory for the three months ended in Dec. 2023 was 162.58.

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. Daicel's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.27.

Daicel Inventory Turnover Historical Data

The historical data trend for Daicel'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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Daicel Inventory Turnover Chart

Daicel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.48

2.50

2.63

2.46

2.22

Daicel 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															0.56	0.54	0.55	0.56	0.56

Daicel Inventory Turnover Calculation

Daicel'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 )
=	398776	/ (	(177169	+	182510)	/	2 )
=	398776	/	179839.5
=	2.22

Daicel'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 )
=	101963	/ (	(183284	+	180046)	/	2 )
=	101963	/	181665
=	0.56

Daicel (TSE:4202) 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.

Daicel'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
	=	181665	/	101963	*	365 / 4
	=	162.58

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.

Daicel'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 )
	=	181665	/	143272
	=	1.27

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.

Daicel Inventory Turnover Related Terms

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Daicel (TSE:4202) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Daicel Corp (TSE:4202) » Definitions » Inventory Turnover

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9DC:Germany

Address

Grand Front Osaka Tower-B, 3-1, Ofuka-cho, Kita-ku, Osaka, JPN

Website

http://www.daicel.com

Daicel Corp manufactures and sells a variety of chemicals and chemical-based products. The company organizes itself into four primary segments based on product type. The plastics segment, which generates more revenue than any other segment, sells plastic resins used in automobile and household products as well as food packaging products. The cellulosic derivatives segment sells acetate tow, which is used to produce cigarette filters. The organic chemicals segment sells acetic acid-based products used in the production of electronic materials, paints, cosmetics, and healthcare products. The pyrotechnic devices segment sells automobile safety parts including airbag inflators. The majority of revenue comes from Japan.

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