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Kairikiya Co (TSE:5891) Inventory Turnover : 93.01 (As of Dec. 2023)


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What is Kairikiya 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. Kairikiya Co's Cost of Goods Sold for the six months ended in Dec. 2023 was 円3,078 Mil. Kairikiya Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円33 Mil. Kairikiya Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 93.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kairikiya Co's Days Inventory for the six months ended in Dec. 2023 was 1.96.

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. Kairikiya Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Kairikiya Co Inventory Turnover Historical Data

The historical data trend for Kairikiya 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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Kairikiya Co Inventory Turnover Chart

Kairikiya Co Annual Data
Trend Dec21 Dec22 Dec23
Inventory Turnover
77.78 90.83 93.01

Kairikiya Co Semi-Annual Data
Dec21 Dec22 Dec23
Inventory Turnover 77.78 90.83 93.01

Kairikiya Co Inventory Turnover Calculation

Kairikiya Co'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 )
=3077.982 / ((27.921 + 38.264) / 2 )
=3077.982 / 33.0925
=93.01

Kairikiya Co'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: Dec. 2022 ) + Total Inventories (Q: Dec. 2023 )) / count )
=3077.982 / ((27.921 + 38.264) / 2 )
=3077.982 / 33.0925
=93.01

* 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.

Kairikiya Co  (TSE:5891) 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.

Kairikiya Co's Days Inventory for the six 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
=33.0925/3077.982*365 / 2
=1.96

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.

Kairikiya Co'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 )
=33.0925 / 10583.81
=0.00

* 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.

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.

Kairikiya Co Inventory Turnover Related Terms

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Kairikiya Co (TSE:5891) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Kairikiya Co Ltd (TSE:5891) » Definitions » Inventory Turnover
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Address
670 Teraimizumachi, Nishikikoji Road, 6th floor, Kyoto Fukutoku Building, Karasuma-dori, Nakagyo-ku, Kyoto, JPN, 604-8152
Website
https://www.kairikiya.co.jp
Kairikiya Co Ltd is engaged in the Food and beverage business including ramen chain development and Restaurant business management.

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