Odakyu Electric Railway Co (TSE:9007) Inventory Turnover : 1.43 (As of Dec. 2023)

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What is Odakyu Electric Railway 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. Odakyu Electric Railway Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円64,822 Mil. Odakyu Electric Railway Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円45,190 Mil. Odakyu Electric Railway Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Odakyu Electric Railway Co's Days Inventory for the three months ended in Dec. 2023 was 63.61.

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. Odakyu Electric Railway Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.46.

Odakyu Electric Railway Co Inventory Turnover Historical Data

The historical data trend for Odakyu Electric Railway 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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Odakyu Electric Railway Co Inventory Turnover Chart

Odakyu Electric Railway Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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9.20

9.55

8.28

6.57

6.61

Odakyu Electric Railway Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.86	1.91	1.60	1.54	1.43

Odakyu Electric Railway Co Inventory Turnover Calculation

Odakyu Electric Railway Co's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	286941	/ (	(44539	+	42329)	/	2 )
=	286941	/	43434
=	6.61

Odakyu Electric Railway 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	64822	/ (	(42613	+	47766)	/	2 )
=	64822	/	45189.5
=	1.43

Odakyu Electric Railway Co (TSE:9007) 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.

Odakyu Electric Railway Co'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
	=	45189.5	/	64822	*	365 / 4
	=	63.61

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.

Odakyu Electric Railway 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 )
	=	45189.5	/	97379
	=	0.46

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.

Odakyu Electric Railway Co Inventory Turnover Related Terms

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Odakyu Electric Railway Co (TSE:9007) Business Description

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ODERF:USA

Address

1-8-3 Nishishinjuku Shinjuku-ku, Tokyo, JPN, 160-8309

Website

http://www.odakyu.jp

Odakyu Electric Railway Co Ltd is a Japanese company which provides transportation services. The company has three reportable segments namely Transportation, Merchandising and Real Estate. The Transportation segment provides services through railway, bus, taxi, sightseeing boat, and ropeway. Merchandising segment operates departmental stores and supermarket. Real Estate segment is engaged in the sale of land and buildings, leasing of buildings and others. The company also offers services including hotel, restaurant, travel agent, golf course, railway maintenance service, building management and maintenance, advertising agency, horticulture and gardening, bookkeeping service, insurance agency, nursing and child care. The majority of the company's revenue comes from transportation business.

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