Daiki Aluminium Industry Co (TSE:5702) Inventory Turnover : 1.39 (As of Sep. 2024)

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What is Daiki Aluminium Industry 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. Daiki Aluminium Industry Co's Cost of Goods Sold for the three months ended in Sep. 2024 was 円70,503 Mil. Daiki Aluminium Industry Co's Average Total Inventories for the quarter that ended in Sep. 2024 was 円50,573 Mil. Daiki Aluminium Industry Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.39.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Daiki Aluminium Industry Co's Days Inventory for the three months ended in Sep. 2024 was 65.46.

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. Daiki Aluminium Industry Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.68.

Daiki Aluminium Industry Co Inventory Turnover Historical Data

The historical data trend for Daiki Aluminium Industry 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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Daiki Aluminium Industry Co Inventory Turnover Chart

Daiki Aluminium Industry Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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7.88

6.18

5.95

5.89

6.32

Daiki Aluminium Industry 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															1.54	1.59	1.41	1.49	1.39

Daiki Aluminium Industry Co Inventory Turnover Calculation

Daiki Aluminium Industry 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 )
=	249644	/ (	(38939	+	40049)	/	2 )
=	249644	/	39494
=	6.32

Daiki Aluminium Industry 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 )
=	70503	/ (	(0	+	50573)	/	1 )
=	70503	/	50573
=	1.39

Daiki Aluminium Industry Co (TSE:5702) 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.

Daiki Aluminium Industry 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
	=	50573	/	70503	*	365 / 4
	=	65.46

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.

Daiki Aluminium Industry 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 )
	=	50573	/	74596
	=	0.68

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.

Daiki Aluminium Industry Co Inventory Turnover Related Terms

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Daiki Aluminium Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Daiki Aluminium Industry Co Ltd (TSE:5702) » Definitions » Inventory Turnover

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Traded in Other Exchanges

7YB:Germany

Address

Nichiei Bldg., 4-8, 1-chome, Tosabori, Nishi-ku, Osaka, JPN, 5500001

Website

http://www.dik-net.com

Daiki Aluminium Industry Co Ltd engages in the manufacture and sale of secondary aluminum alloy ingots for die-casting, casting, de-oxidation, and rolling. The company offers secondary aluminum alloy ingots for die-casting, casting, de-oxidation, and rolling; secondary aluminum ingots for roll products; and aluminum mother alloy ingots. It is also involved in the design, construction, and repair of aluminum smelting furnaces; trading of aluminum ingots and aluminum scrap; and processing of turnings, dross, and defective products arising from sources, such as die-cast and cast metal manufacturers.

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