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Miroku (TSE:7983) Inventory Turnover : 0.41 (As of Apr. 2024)


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What is Miroku 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. Miroku's Cost of Goods Sold for the three months ended in Apr. 2024 was 円2,543 Mil. Miroku's Average Total Inventories for the quarter that ended in Apr. 2024 was 円6,249 Mil. Miroku's Inventory Turnover for the quarter that ended in Apr. 2024 was 0.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Miroku's Days Inventory for the three months ended in Apr. 2024 was 224.28.

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. Miroku's Inventory-to-Revenue for the quarter that ended in Apr. 2024 was 2.25.

Miroku Inventory Turnover Historical Data

The historical data trend for Miroku'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.

* Premium members only.

Miroku Inventory Turnover Chart

Miroku Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.32 2.96 2.83 2.03 1.86

Miroku Quarterly Data
Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.44 0.40 0.49 0.38 0.41

Miroku Inventory Turnover Calculation

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

Inventory Turnover (A: Oct. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Oct. 2023 ) / ((Total Inventories (A: Oct. 2022 ) + Total Inventories (A: Oct. 2023 )) / count )
=10019.381 / ((5085.957 + 5684.422) / 2 )
=10019.381 / 5385.1895
=1.86

Miroku's Inventory Turnover for the quarter that ended in Apr. 2024 is calculated as

Inventory Turnover (Q: Apr. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Apr. 2024 ) / ((Total Inventories (Q: Jan. 2024 ) + Total Inventories (Q: Apr. 2024 )) / count )
=2542.622 / ((6154.416 + 6344.424) / 2 )
=2542.622 / 6249.42
=0.41

* 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.

Miroku  (TSE:7983) 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.

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

Days Inventory =Average Total Inventories (Q: Apr. 2024 )/Cost of Goods Sold (Q: Apr. 2024 )*Days in Period
=6249.42/2542.622*365 / 4
=224.28

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.

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

Inventory-to-Revenue=Average Total Inventories (Q: Apr. 2024 ) / Revenue (Q: Apr. 2024 )
=6249.42 / 2773.023
=2.25

* 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.

Miroku Inventory Turnover Related Terms

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Miroku Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Miroku Corp (TSE:7983) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
537-1 Shinohara, Nankoku, Kochi, JPN, 783-0006
Website
http://www.miroku-jp.com
Miroku Corp is engaged in manufacturing and selling hunting guns, machine tools, automotive-related products. Its products include shotguns, rifles for sports, and hunting gun-related goods, hole drilling machines and industrial tools, steering wheels, and automotive-related products.

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