Kyoei Steel (TSE:5440) Inventory Turnover : 1.09 (As of Dec. 2023)

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What is Kyoei Steel 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. Kyoei Steel's Cost of Goods Sold for the three months ended in Dec. 2023 was 円71,889 Mil. Kyoei Steel's Average Total Inventories for the quarter that ended in Dec. 2023 was 円65,917 Mil. Kyoei Steel's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kyoei Steel's Days Inventory for the three months ended in Dec. 2023 was 83.67.

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. Kyoei Steel's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.80.

Kyoei Steel Inventory Turnover Historical Data

The historical data trend for Kyoei Steel'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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Kyoei Steel Inventory Turnover Chart

Kyoei Steel Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.46

4.23

4.63

4.73

4.21

Kyoei Steel 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															1.04	0.98	1.02	1.09	1.09

Kyoei Steel Inventory Turnover Calculation

Kyoei Steel'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 )
=	279013	/ (	(67516	+	65005)	/	2 )
=	279013	/	66260.5
=	4.21

Kyoei Steel'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 )
=	71889	/ (	(65467	+	66366)	/	2 )
=	71889	/	65916.5
=	1.09

Kyoei Steel (TSE:5440) 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.

Kyoei Steel'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
	=	65916.5	/	71889	*	365 / 4
	=	83.67

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.

Kyoei Steel'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 )
	=	65916.5	/	81953
	=	0.80

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.

Kyoei Steel Inventory Turnover Related Terms

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Kyoei Steel (TSE:5440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Kyoei Steel Ltd (TSE:5440) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Issue 16 No. 4-chome, Kita-ku, Dojimahama, Osaka, JPN, 5300004

Website

http://www.kyoeisteel.co.jp

Kyoei Steel Ltd is involved in the business Steel and Material recycling. Its primary activities include manufacture, processing, and sale of steel billets and products, collection, transportation and treatment of general, industrial and medical waste, recycling of automobiles and industrial waste, processing assembly of rebars, designing of steel production plants and sale of steelmaking technology. The firm's products include concrete steel bars, flat bars, I-beams, equal angle bars etc.

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