Roland (TSE:7944) Total Inventories : 円31,181 Mil (As of Mar. 2024)

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What is Roland Total Inventories?

Roland's total inventories for the quarter that ended in Mar. 2024 was 円31,181 Mil. Roland's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was 円30,662 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Roland's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was 円-95.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Roland's Days Inventory for the three months ended in Mar. 2024 was 220.46.

Inventory Turnover measures how fast the company turns over its inventory within a year. Roland's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.41.

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. Roland's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.39.

Roland Total Inventories Historical Data

The historical data trend for Roland'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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Roland Total Inventories Chart

Roland Annual Data

Trend

Mar09

Mar10

Mar11

Mar12

Mar13

Mar14

Dec19

Dec20

Dec21

Dec22

Total Inventories

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20,415.32

14,214.00

18,074.00

25,239.00

32,321.00

Roland Quarterly Data
	Mar14	Jun14	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															31,597.00	32,752.00	35,482.00	30,143.00	31,181.00

Roland 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.

Roland (TSE:7944) 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.

Roland's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(12259	+	0.75 * 11484	+	0.5 * 31181	-	38844
-	0	-	241)	/	27.5287
=	-95.26

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

Roland'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
	=	30662	/	12691	*	365 / 4
	=	220.46

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	12691	/	30662
	=	0.41

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.

Roland'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 )
	=	30662	/	22083
	=	1.39

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.

Roland Total Inventories Related Terms

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Roland (TSE:7944) Business Description

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Address

2036-1 Nakagawa Hosoe-cho, Hamamatsu-shi, Shizuoka, JPN, 431-1304

Website

http://www.roland.co.jp

Roland Corporation is a leisure based goods and services provider in Japan. Its business comprises of the manufacture and sale of electronic musical instruments such as pianos, organs, keyboards, guitar, amplifiers and accessories essential for music creation. The musical instrument production falls under the electronic musical instruments segment, which secures the maximum revenue share for the company. Its other segment is the computer peripherals business. The Computer Peripheral Equipment segment is involved in the development, manufacture, and sale of printers, plotters, and other work machines. Roland Corporation distributes its products predominantly in North America and in Europe and Japan.

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