Keisei Electric Railway Co (Keisei Electric Railway Co) Inventory Turnover : 3.97 (As of Dec. 2023)

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What is Keisei Electric Railway 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. Keisei Electric Railway Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $373 Mil. Keisei Electric Railway Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $94 Mil. Keisei Electric Railway Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.97.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Keisei Electric Railway Co's Days Inventory for the three months ended in Dec. 2023 was 22.96.

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. Keisei Electric Railway Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.18.

Keisei Electric Railway Co Inventory Turnover Historical Data

The historical data trend for Keisei Electric Railway 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.

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Keisei Electric Railway Co Inventory Turnover Chart

Keisei Electric Railway Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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16.19

14.22

14.05

15.81

15.36

Keisei Electric Railway 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															4.21	3.75	3.86	3.97	4.06

Keisei Electric Railway Co Inventory Turnover Calculation

Keisei Electric Railway 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 )
=	1480.377	/ (	(95.186	+	97.531)	/	2 )
=	1480.377	/	96.3585
=	15.36

Keisei Electric Railway 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 )
=	373.222	/ (	(90.48	+	97.346)	/	2 )
=	373.222	/	93.913
=	3.97

Keisei Electric Railway Co (OTCPK:KELRF) 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.

Keisei Electric 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
	=	93.913	/	373.222	*	365 / 4
	=	22.96

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.

Keisei Electric 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 )
	=	93.913	/	518.574
	=	0.18

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.

Keisei Electric Railway Co Inventory Turnover Related Terms

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Keisei Electric Railway Co (Keisei Electric Railway Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Keisei Electric Railway Co Ltd (OTCPK:KELRF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

9009:Japan KEI:Germany

Address

3-1-8 Yahata 3-chome, Ichikawa, Chiba, JPN, 272-8510

Website

http://www.keisei.co.jp

Keisei Electric Railway is a Japanese company that operates railways in Japan. The company's three largest segments are transportation, distribution, and real estate management. The transportation segment offers passenger transportation services by rail, bus and taxi, and it contributes the majority of revenue. The distribution segment is engaged in operating department stores, shopping centers, and other retail stores. The company derives revenue from real estate activities such as leasing and selling its properties. It also generates additional revenue from activities ranging from real estate construction, operation of restaurants, hotels and leisure sites to car maintenance services.

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