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Daiichi Jitsugyo Co (TSE:8059) Inventory Turnover : 1.07 (As of Dec. 2023)


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What is Daiichi Jitsugyo 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. Daiichi Jitsugyo Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円31,781 Mil. Daiichi Jitsugyo Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円29,809 Mil. Daiichi Jitsugyo Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Daiichi Jitsugyo Co's Days Inventory for the three months ended in Dec. 2023 was 85.59.

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. Daiichi Jitsugyo Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.77.


Daiichi Jitsugyo Co Inventory Turnover Historical Data

The historical data trend for Daiichi Jitsugyo 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.

* Premium members only.

Daiichi Jitsugyo Co Inventory Turnover Chart

Daiichi Jitsugyo Co Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.33 8.44 6.82 5.65 6.65

Daiichi Jitsugyo Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.70 1.21 1.42 1.07 2.14

Daiichi Jitsugyo Co Inventory Turnover Calculation

Daiichi Jitsugyo 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 )
=155911 / ((23586 + 23285) / 2 )
=155911 / 23435.5
=6.65

Daiichi Jitsugyo Co'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 )
=31781 / ((27391 + 32227) / 2 )
=31781 / 29809
=1.07

* 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.


Daiichi Jitsugyo Co  (TSE:8059) 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.

Daiichi Jitsugyo 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
=29809/31781*365 / 4
=85.59

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.

Daiichi Jitsugyo 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 )
=29809 / 38807
=0.77

* 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.


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.


Daiichi Jitsugyo Co Inventory Turnover Related Terms

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Daiichi Jitsugyo Co (TSE:8059) Business Description

Traded in Other Exchanges
N/A
Address
4-6 Kandasurugadai, Chiyoda-ku, Tokyo, JPN, 101-8222
Daiichi Jitsugyo Co Ltd is a Japan-based machinery manufacturer. Its business operations are divided into five segments including plant and energy business, industrial machinery, electronics, pharmaceuticals, and aviation business. It provides machinery for energy development, plant construction, drug formulation, semiconductors, and special-purpose vehicles and self-defense-related equipment. The company also provides after sales and maintenance services. Daiichi Jitsugyo has network operations in Japan, China, Southeast Asia, India, America And Europe.

Daiichi Jitsugyo Co (TSE:8059) Headlines

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