Belc Co (TSE:9974) Total Inventories : 円9,519 Mil (As of Nov. 2023)

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What is Belc Co Total Inventories?

Belc Co's total inventories for the quarter that ended in Nov. 2023 was 円9,519 Mil. Belc Co's average total inventories from the quarter that ended in Aug. 2023 to the quarter that ended in Nov. 2023 was 円9,145 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Belc Co's Net-Net Working Capital per share for the quarter that ended in Nov. 2023 was 円-2,625.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Belc Co's Days Inventory for the three months ended in Nov. 2023 was 13.04.

Inventory Turnover measures how fast the company turns over its inventory within a year. Belc Co's Inventory Turnover for the quarter that ended in Nov. 2023 was 7.00.

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. Belc Co's Inventory-to-Revenue for the quarter that ended in Nov. 2023 was 0.10.

Belc Co Total Inventories Historical Data

The historical data trend for Belc Co's Total Inventories 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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Belc Co Total Inventories Chart

Belc Co Annual Data

Trend

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Total Inventories

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6,845.00

7,271.00

7,602.00

8,319.00

9,428.00

Belc Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Inventories	Get a 7-Day Free Trial															8,319.00	8,519.00	8,771.00	9,519.00	9,428.00

Belc Co Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Belc Co (TSE:9974) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Belc Co's Net-Net Working Capital Per Share for the quarter that ended in Nov. 2023 is

	Net-Net Working Capital Per Share (Q: Nov. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(18502	+	0.75 * 5322	+	0.5 * 9519	-	82047
-	0	-	0)	/	20.8665
=	-2,625.93

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Belc Co's Days Inventory for the three months ended in Nov. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Nov. 2023 )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
	=	9145	/	63975	*	365 / 4
	=	13.04

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Belc Co's Inventory Turnover for the quarter that ended in Nov. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Nov. 2023 )	/	Average Total Inventories (Q: Nov. 2023 )
	=	63975	/	9145
	=	7.00

4. 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.

Belc Co's Inventory to Revenue for the quarter that ended in Nov. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	9145	/	88204
	=	0.10

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Belc Co Total Inventories Related Terms

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Belc Co (TSE:9974) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Belc Co Ltd (TSE:9974) » Definitions » Total Inventories

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Address

5456 Yodo Yorii-machi, Osato-gun, Saitama, JPN, 369-1298

Website

http://www.belc.co.jp

Belc Co Ltd manages a chain of food supermarkets in Japan. The company is headquartered in Japan and earns the entirety of its revenue domestically. The company has a chain of retail stores in the Tokyo metropolitan area and is focused on the Saitama prefecture. Through its subsidiaries, Belc Co. Ltd is involved with the production and distribution of food items and ready-made meals to its self-run stores. Its products include perishable goods, grocery items, sundry items, daily necessities and processed food. Belc Co. Ltd also provides services to its stores including chain management and cleaning.

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