West Japan Railway Co (TSE:9021) Inventory Turnover : 1.66 (As of Dec. 2023)

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What is West Japan 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. West Japan Railway Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円304,302 Mil. West Japan Railway Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円182,832 Mil. West Japan Railway Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. West Japan Railway Co's Days Inventory for the three months ended in Dec. 2023 was 54.83.

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. West Japan Railway Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.43.

West Japan Railway Co Inventory Turnover Historical Data

The historical data trend for West Japan 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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West Japan Railway Co Inventory Turnover Chart

West Japan Railway Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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10.19

8.46

7.46

7.53

7.90

West Japan 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															2.03	1.67	1.70	1.66	2.14

West Japan Railway Co Inventory Turnover Calculation

West Japan 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 )
=	1239576	/ (	(153234	+	160631)	/	2 )
=	1239576	/	156932.5
=	7.90

West Japan 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 )
=	304302	/ (	(179609	+	186055)	/	2 )
=	304302	/	182832
=	1.66

West Japan Railway Co (TSE:9021) 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.

West Japan 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
	=	182832	/	304302	*	365 / 4
	=	54.83

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.

West Japan 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 )
	=	182832	/	424420
	=	0.43

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.

West Japan Railway Co Inventory Turnover Related Terms

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West Japan Railway Co (TSE:9021) Business Description

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WJRYY:USA WJRYF:USA WEJ:Germany

Address

4-24, Shibata 2-chome, Kita-ku, Osaka, JPN, 530-8341

Website

http://www.westjr.co.jp

West Japan Railway, or JR West, is the main railway operator in Western Japan, headquartered in Osaka. It was originally established when the government-owned nationwide railway operator underwent a six-way territorial split in 1987. Its main assets are the Sanyo Shinkansen, which stretches from Osaka to Fukuoka, and the urban rail network in the Osaka-Kobe-Kyoto metropolitan area. Its nearly 5,000 kilometers of rail track covers a third of Japan's population and a fifth of its land area. Rail operations contribute more than half of revenue, with most of the balance from retail operations, real estate investments, travel agencies, and hotels.

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