Keihan Holdings Co (TSE:9045) Inventory Turnover : 28.43 (As of Dec. 2023)

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What is Keihan Holdings 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. Keihan Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円49,645 Mil. Keihan Holdings Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円1,747 Mil. Keihan Holdings Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 28.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Keihan Holdings Co's Days Inventory for the three months ended in Dec. 2023 was 3.21.

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. Keihan Holdings Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Keihan Holdings Co Inventory Turnover Historical Data

The historical data trend for Keihan Holdings 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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Keihan Holdings Co Inventory Turnover Chart

Keihan Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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132.39

124.22

135.27

132.42

138.17

Keihan Holdings Co 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															38.24	29.63	31.54	28.43	43.40

Keihan Holdings Co Inventory Turnover Calculation

Keihan Holdings 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 )
=	223144	/ (	(1538	+	1692)	/	2 )
=	223144	/	1615
=	138.17

Keihan Holdings 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 )
=	49645	/ (	(1588	+	1905)	/	2 )
=	49645	/	1746.5
=	28.43

Keihan Holdings Co (TSE:9045) 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.

Keihan Holdings 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
	=	1746.5	/	49645	*	365 / 4
	=	3.21

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.

Keihan Holdings 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 )
	=	1746.5	/	71663
	=	0.02

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.

Keihan Holdings Co Inventory Turnover Related Terms

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Keihan Holdings Co (TSE:9045) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Keihan Holdings Co Ltd (TSE:9045) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

59X:Germany

Address

1-7-31 Otemae, Chuo-ku, Osaka, JPN, 573-0032

Website

http://www.keihan.co.jp

Keihan Electric Railway is a Japanese conglomerate that operates four business segments: transportation, real estate, retail distribution, and leisure and service. Transportation includes a railway system as well as buses and bus services. Real estate, the largest segment by revenue, involves sales or leasing of real estate, wholesale of construction materials, and the design of real estate projects. Retail distribution operates department stores and malls. Leisure and service consists of hotel and sightseeing cruise businesses. The group also operates a credit card business.

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