Bunka Shutter Co (TSE:5930) Inventory Turnover : 1.55 (As of Dec. 2023)

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What is Bunka Shutter 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. Bunka Shutter Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円40,259 Mil. Bunka Shutter Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円25,911 Mil. Bunka Shutter Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bunka Shutter Co's Days Inventory for the three months ended in Dec. 2023 was 58.73.

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. Bunka Shutter Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.47.

Bunka Shutter Co Inventory Turnover Historical Data

The historical data trend for Bunka Shutter 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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Bunka Shutter Co Inventory Turnover Chart

Bunka Shutter Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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7.10

6.84

8.45

8.81

8.30

Bunka Shutter 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															2.16	1.65	1.62	1.55	2.08

Bunka Shutter Co Inventory Turnover Calculation

Bunka Shutter 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 )
=	161727	/ (	(19074	+	19878)	/	2 )
=	161727	/	19476
=	8.30

Bunka Shutter 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 )
=	40259	/ (	(24729	+	27092)	/	2 )
=	40259	/	25910.5
=	1.55

Bunka Shutter Co (TSE:5930) 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.

Bunka Shutter 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
	=	25910.5	/	40259	*	365 / 4
	=	58.73

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.

Bunka Shutter 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 )
	=	25910.5	/	55489
	=	0.47

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.

Bunka Shutter Co Inventory Turnover Related Terms

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Bunka Shutter Co (TSE:5930) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Bunka Shutter Co Ltd (TSE:5930) » Definitions » Inventory Turnover

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Address

Nishikata 1-chome, 17-3, Bunkyo-ku, Tokyo, JPN, 113-8535

Website

http://www.bunka-s.co.jp

Bunka Shutter Co Ltd is a building materials company that manufactures and sells shutters and construction materials in five diversified business segments. Bunka Shutter is based in Japan and primarily produces products such as light shutters, heavy-duty shutters for large-scale commercial facilities, window shutters, and sliding doors. Its second segment, construction materials, produces exterior products. Bunka operates a service business and a separate reform business, both focused on repair and maintenance services, and a refurbishment business. Lastly, the "other" business segment consists of a water sealing business, solar power business, and travel agency services. The company produces most of its revenue in Japan.

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