Bando Chemical Industries (TSE:5195) Inventory Turnover : 1.04 (As of Mar. 2024)

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What is Bando Chemical Industries 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. Bando Chemical Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was 円19,743 Mil. Bando Chemical Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was 円18,988 Mil. Bando Chemical Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bando Chemical Industries's Days Inventory for the three months ended in Mar. 2024 was 87.76.

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. Bando Chemical Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.69.

Bando Chemical Industries Inventory Turnover Historical Data

The historical data trend for Bando Chemical Industries'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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Bando Chemical Industries Inventory Turnover Chart

Bando Chemical Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.90

4.37

4.52

4.25

4.07

Bando Chemical Industries 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															1.00	1.01	1.04	1.01	1.04

Bando Chemical Industries Inventory Turnover Calculation

Bando Chemical Industries'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 )
=	77246	/ (	(18720	+	19218)	/	2 )
=	77246	/	18969
=	4.07

Bando Chemical Industries's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	19743	/ (	(18757	+	19218)	/	2 )
=	19743	/	18987.5
=	1.04

Bando Chemical Industries (TSE:5195) 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.

Bando Chemical Industries's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	18987.5	/	19743	*	365 / 4
	=	87.76

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.

Bando Chemical Industries's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	18987.5	/	27578
	=	0.69

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.

Bando Chemical Industries Inventory Turnover Related Terms

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Bando Chemical Industries (TSE:5195) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Bando Chemical Industries Ltd (TSE:5195) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

6-6, Minatojima Minamimachi 4-chome, Chuo-ku, Kobe, JPN, 650-0047

Website

http://www.bando.co.jp

Bando Chemical Industries Ltd manufactures and sells rubber and plastic products such as power transmission belts and systems, belts used in precision equipment, and multimedia parts made form urethane and resins. It operates its business under Belt, Advanced Elastomer Products, and Other segments. Belt segment manufactures and sells transmission belts for automobiles and general industry use, conveyor belts, resin conveyor belts, synchronous conveyor belts, transportation system products, hulling roll and railway track product, among others. Elastomer segment manufactures and sells polyurethane functional components, precision abrasives, films for building materials, medical films and industrial films, among others. Bando earns the majority of its revenue from Belt business.

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