Central Japan Railway Co (Central Japan Railway Co) Total Inventories : $317 Mil (As of Dec. 2023)

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What is Central Japan Railway Co Total Inventories?

Central Japan Railway Co's total inventories for the quarter that ended in Dec. 2023 was $317 Mil. Central Japan Railway Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $301 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Central Japan Railway Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-16.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Central Japan Railway Co's Days Inventory for the three months ended in Dec. 2023 was 18.15.

Inventory Turnover measures how fast the company turns over its inventory within a year. Central Japan Railway Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.03.

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. Central Japan Railway Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.10.

Central Japan Railway Co Total Inventories Historical Data

The historical data trend for Central Japan Railway Co's Total Inventories 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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Central Japan Railway Co Total Inventories Chart

Central Japan Railway Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Inventories

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407.95

385.82

289.84

279.33

279.39

Central Japan Railway Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															279.33	281.68	283.93	317.14	279.39

Central Japan Railway Co Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Central Japan Railway Co (OTCPK:CJPRY) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Central Japan Railway Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5763.602	+	0.75 * 1178.235	+	0.5 * 317.138	-	38969.965
-	0	-	350.656)	/	1967.99
=	-16.52

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Central Japan 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
	=	300.535	/	1511.02	*	365 / 4
	=	18.15

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Central Japan Railway Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1511.02	/	300.535
	=	5.03

4. 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.

Central Japan 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 )
	=	300.535	/	3163.406
	=	0.10

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Central Japan Railway Co Total Inventories Related Terms

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Central Japan Railway Co (Central Japan Railway Co) Business Description

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Traded in Other Exchanges

CJPRF:USA 9022:Japan JAP:Germany

Address

JR Central Towers, Meieki 1-1-4, Nakamura-ku, Aichi, Nagoya, JPN, 450-6101

Website

http://jr-central.co.jp

Central Japan Railway Company, or JR Central, is the main railway operator in Nagoya and the Chubu region in central Japan. It was originally established when the government-owned nationwide railway operator underwent a six-way territorial split in 1987. Its main asset is the Tokaido Shinkansen, which spans Japan's most wealthy and populous area and links Tokyo, Yokohama, Nagoya, Kyoto, and Osaka. It contributes three-fourths of revenue, with most of the balance from merchandise, conventional train lines, and real estate.