Echo Trading Co (TSE:7427) Total Inventories : 円3,888 Mil (As of Nov. 2023)

View and export this data going back to 2003. Start your Free Trial

What is Echo Trading Co Total Inventories?

Echo Trading Co's total inventories for the quarter that ended in Nov. 2023 was 円3,888 Mil. Echo Trading Co's average total inventories from the quarter that ended in Aug. 2023 to the quarter that ended in Nov. 2023 was 円3,669 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Echo Trading Co's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was 円-365.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Echo Trading Co's Days Inventory for the three months ended in Nov. 2023 was 13.62.

Inventory Turnover measures how fast the company turns over its inventory within a year. Echo Trading Co's Inventory Turnover for the quarter that ended in Nov. 2023 was 6.70.

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. Echo Trading Co's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.13.

Echo Trading Co Total Inventories Historical Data

The historical data trend for Echo Trading 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.

* Premium members only.

Echo Trading Co Total Inventories Chart

Echo Trading Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Total Inventories

Get a 7-Day Free Trial

3,209.59

3,147.90

3,252.17

3,125.01

3,109.04

Echo Trading Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Total Inventories	Get a 7-Day Free Trial															4,071.18	3,109.04	3,885.78	3,449.79	3,887.56

Echo Trading 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.

Echo Trading Co (TSE:7427) 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.

Echo Trading Co's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2023 is

	Net-Net Working Capital Per Share (Q: Nov. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(3989.798	+	0.75 * 24101.774	+	0.5 * 3887.56	-	26190.006
-	0	-	22.001)	/	6.02615
=	-365.42

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

Echo Trading Co's Days Inventory for the three months ended in Nov. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2023 )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
	=	3668.6765	/	24585.75	*	365 / 4
	=	13.62

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

Echo Trading Co's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Nov. 2023 )	/	Average Total Inventories (Q: Nov. 2023 )
	=	24585.75	/	3668.6765
	=	6.70

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.

Echo Trading Co's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	3668.6765	/	27593.402
	=	0.13

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.

Echo Trading Co Total Inventories Related Terms

Thank you for viewing the detailed overview of Echo Trading Co's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

Echo Trading Co (TSE:7427) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Echo Trading Co Ltd (TSE:7427) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 No. 23 in Nishinomiya, Hyogo Prefecture Naruohama 2-chome, Nishinomiya, JPN, 663-8142

Website

http://www.echotd.co.jp

Echo Trading Co Ltd is a Japan-based company offering diversified products and services for pets. The company is engaged in specialty store business, wholesale business, product development business, education business, sales promotion business, event business, and internet business. Its specialty store business, wholesale business, and product development business are engaged in the production and distribution of pet food and pet supplies to pet home centers, supermarkets, and drug stores. Its internet business transmits information useful for pet owners and pet lives such as searching for pet-related facilities such as animal hospitals and trimming salons, and travel knowledge on pets.

Echo Trading Co (TSE:7427) Headlines

No Headlines