The Kyoto Hotel (TSE:9723) Inventory Turnover : 5.47 (As of Dec. 2023)

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What is The Kyoto Hotel 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. The Kyoto Hotel's Cost of Goods Sold for the three months ended in Dec. 2023 was 円424 Mil. The Kyoto Hotel's Average Total Inventories for the quarter that ended in Dec. 2023 was 円78 Mil. The Kyoto Hotel's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Kyoto Hotel's Days Inventory for the three months ended in Dec. 2023 was 16.70.

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. The Kyoto Hotel's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

The Kyoto Hotel Inventory Turnover Historical Data

The historical data trend for The Kyoto Hotel'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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The Kyoto Hotel Inventory Turnover Chart

The Kyoto Hotel Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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31.15

27.86

11.53

14.86

21.77

The Kyoto Hotel 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															5.20	4.22	5.66	4.60	5.47

The Kyoto Hotel Inventory Turnover Calculation

The Kyoto Hotel'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 )
=	1283.876	/ (	(55.447	+	62.517)	/	2 )
=	1283.876	/	58.982
=	21.77

The Kyoto Hotel'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 )
=	423.753	/ (	(62.752	+	92.323)	/	2 )
=	423.753	/	77.5375
=	5.47

The Kyoto Hotel (TSE:9723) 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.

The Kyoto Hotel'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
	=	77.5375	/	423.753	*	365 / 4
	=	16.70

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.

The Kyoto Hotel'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 )
	=	77.5375	/	2698.486
	=	0.03

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.

The Kyoto Hotel Inventory Turnover Related Terms

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The Kyoto Hotel (TSE:9723) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » The Kyoto Hotel Ltd (TSE:9723) » Definitions » Inventory Turnover

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Address

537-4, Ichinofunairi-cho, Nijo minami-iru, Kawaramachi-dori, Nakagyo-ku, Kyoto, JPN, 604-8558

Website

http://www.kyotohotel.co.jp

The Kyoto Hotel, Ltd., operates hotels & banquet halls in Japan. The Company manages restaurants & bars under the names of Kyoto Hotel Okura and Karasuma Kyoto Hotel. It operates in four divisions: accommodation, banquet, restaurant & others division. It also has the online shop.

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