Kanamoto Co (TSE:9678) Inventory Turnover : 1.89 (As of Jan. 2024)

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What is Kanamoto 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. Kanamoto Co's Cost of Goods Sold for the three months ended in Jan. 2024 was 円35,899 Mil. Kanamoto Co's Average Total Inventories for the quarter that ended in Jan. 2024 was 円19,017 Mil. Kanamoto Co's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kanamoto Co's Days Inventory for the three months ended in Jan. 2024 was 48.34.

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. Kanamoto Co's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.38.

Kanamoto Co Inventory Turnover Historical Data

The historical data trend for Kanamoto 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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Kanamoto Co Inventory Turnover Chart

Kanamoto Co Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Inventory Turnover

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7.19

6.10

6.13

6.39

7.18

Kanamoto Co Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Inventory Turnover	Get a 7-Day Free Trial															1.71	1.76	1.93	1.89	1.89

Kanamoto Co Inventory Turnover Calculation

Kanamoto Co's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	140631	/ (	(20208	+	18978)	/	2 )
=	140631	/	19593
=	7.18

Kanamoto Co's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	35899	/ (	(18978	+	19055)	/	2 )
=	35899	/	19016.5
=	1.89

Kanamoto Co (TSE:9678) 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.

Kanamoto Co's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	19016.5	/	35899	*	365 / 4
	=	48.34

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.

Kanamoto Co's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	19016.5	/	50118
	=	0.38

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.

Kanamoto Co Inventory Turnover Related Terms

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Kanamoto Co (TSE:9678) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Kanamoto Co Ltd (TSE:9678) » Definitions » Inventory Turnover

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KNMOF:USA

Address

1-19, Odori Higashi 3-chome Chuo-ku, Sapporo, Hokkaido, JPN, 060-0041

Website

http://www.kanamoto.co.jp

Kanamoto Co Ltd is a provider of construction equipment rentals. The company operates three business segments: construction equipment rental, steel products, and computing products. The construction equipment rental business is Kanamoto's core business, accounting for most of the company's revenue. The company owns various hand tools and construction equipment, such as dump trucks and hydraulic excavators, which it rents out to its customers. The steel products business sells various construction materials for engineering and construction works. The computing products business provides rentals and sale of computer-related equipment. Kanamoto operates in Asia.

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