Kyoritsu Maintenance Co (TSE:9616) Inventory Turnover : 1.97 (As of Mar. 2024)

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What is Kyoritsu Maintenance 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. Kyoritsu Maintenance Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円41,087 Mil. Kyoritsu Maintenance Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円20,840 Mil. Kyoritsu Maintenance Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kyoritsu Maintenance Co's Days Inventory for the three months ended in Mar. 2024 was 46.28.

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. Kyoritsu Maintenance Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.39.

Kyoritsu Maintenance Co Inventory Turnover Historical Data

The historical data trend for Kyoritsu Maintenance 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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Kyoritsu Maintenance Co Inventory Turnover Chart

Kyoritsu Maintenance Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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13.99

7.39

9.03

8.36

7.74

Kyoritsu Maintenance Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															1.94	2.03	1.97	1.97	1.87

Kyoritsu Maintenance Co Inventory Turnover Calculation

Kyoritsu Maintenance 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 )
=	155133	/ (	(18718	+	21359)	/	2 )
=	155133	/	20038.5
=	7.74

Kyoritsu Maintenance Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	41087	/ (	(20321	+	21359)	/	2 )
=	41087	/	20840
=	1.97

Kyoritsu Maintenance Co (TSE:9616) 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.

Kyoritsu Maintenance Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	20840	/	41087	*	365 / 4
	=	46.28

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.

Kyoritsu Maintenance Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	20840	/	53030
	=	0.39

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.

Kyoritsu Maintenance Co Inventory Turnover Related Terms

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Kyoritsu Maintenance Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Kyoritsu Maintenance Co Ltd (TSE:9616) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

2-18-8 Soto-Kanda, Chiyoda-ku, Tokyo, JPN, 101-8621

Website

http://www.kyoritsugroup.co.jp

Kyoritsu Maintenance Co., Ltd. operates six business segments: dormitory business, hotel business, Contracted Services Business, Food Services Business, Construction Business and Other Business in Japan. The Dormitory business offers student dormitory, corporate dormitory, Domeal and consigned dormitory. Hotel business includes Resort Hotel named Dormy Inn. Contracted Services Business offers services including building management and building construction work. Other business segment includes senior life business which manages houses for the elderly and Public Kyoritsu Partnership business (PKP) which includes consigned services business provided to regional government bodies. The Company generates maximum revenue from dormitory business.

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