KEIWA (TSE:4251) Inventory Turnover : 1.50 (As of Jun. 2024)

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What is KEIWA 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. KEIWA's Cost of Goods Sold for the three months ended in Jun. 2024 was 円2,760 Mil. KEIWA's Average Total Inventories for the quarter that ended in Jun. 2024 was 円1,838 Mil. KEIWA's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. KEIWA's Days Inventory for the three months ended in Jun. 2024 was 60.77.

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. KEIWA's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.36.

KEIWA Inventory Turnover Historical Data

The historical data trend for KEIWA'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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KEIWA Inventory Turnover Chart

KEIWA Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.32

6.92

5.38

4.57

4.88

KEIWA 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															1.35	1.43	1.31	1.50	1.53

KEIWA Inventory Turnover Calculation

KEIWA's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	10332.372	/ (	(2262.38	+	1971.214)	/	2 )
=	10332.372	/	2116.797
=	4.88

KEIWA's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	2759.781	/ (	(1843.784	+	1832.029)	/	2 )
=	2759.781	/	1837.9065
=	1.50

KEIWA (TSE:4251) 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.

KEIWA's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	1837.9065	/	2759.781	*	365 / 4
	=	60.77

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.

KEIWA's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	1837.9065	/	5038.94
	=	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.

KEIWA Inventory Turnover Related Terms

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KEIWA Business Description

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Address

3rd Floor, Sumitomo Life Insurance Kayabacho Building, 2-10-5 Nihonbashi Kayabacho, Chuo-ku, Tokyo, JPN, 103-0025

Website

https://www.keiwa.co.jp

KEIWA Inc is a Japanese based company involved in the optical sheet and functional product business. The optical sheet business includes components of special optical films such as light diffusion sheets and condensing film protective films used in backlight units for liquid crystal displays such as smartphones, whereas the Functional product includes industrial packaging materials with specific functions (moisture resistance, heat resistance, durability), clean energy materials, and other industrial materials such as building materials and agricultural materials.

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