Sumitomo Forestry Co (Sumitomo Forestry Co) Inventory Turnover : 0.45 (As of Mar. 2024)

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What is Sumitomo Forestry 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. Sumitomo Forestry Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,289 Mil. Sumitomo Forestry Co's Average Total Inventories for the quarter that ended in Mar. 2024 was $5,081 Mil. Sumitomo Forestry Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sumitomo Forestry Co's Days Inventory for the three months ended in Mar. 2024 was 202.60.

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. Sumitomo Forestry Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.68.

Sumitomo Forestry Co Inventory Turnover Historical Data

The historical data trend for Sumitomo Forestry 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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Sumitomo Forestry Co Inventory Turnover Chart

Sumitomo Forestry Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Dec21

Dec22

Dec23

Inventory Turnover

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3.90

2.97

2.86

2.31

1.98

Sumitomo Forestry 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															0.49	0.52	0.45	0.53	0.45

Sumitomo Forestry Co Inventory Turnover Calculation

Sumitomo Forestry Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	9197.98	/ (	(4407.026	+	4891.642)	/	2 )
=	9197.98	/	4649.334
=	1.98

Sumitomo Forestry Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2288.568	/ (	(4891.642	+	5270.721)	/	2 )
=	2288.568	/	5081.1815
=	0.45

Sumitomo Forestry Co (OTCPK:SMFRF) 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.

Sumitomo Forestry Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	5081.1815	/	2288.568	*	365 / 4
	=	202.60

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.

Sumitomo Forestry Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	5081.1815	/	3027.875
	=	1.68

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.

Sumitomo Forestry Co Inventory Turnover Related Terms

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Sumitomo Forestry Co (Sumitomo Forestry Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Sumitomo Forestry Co Ltd (OTCPK:SMFRF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

1911:Japan 5F6:Germany

Address

Keidanren Kaikan, 3-2, Otemachi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8270

Website

http://sfc.jp

Sumitomo Forestry Co Ltd is a diversified Japanese company that focuses on timber and building materials as well as residential construction. The company's timber business is one of Japan's leading suppliers of timber and also provides building and structural materials such as flooring and doors. It constructs custom-built single-family housing projects around Japan that use the company's timber materials and design. These two business units provide the majority of the company's revenue. Sumitomo Forestry operates timber and exporting businesses in Southeast Asia, Australia, and North America. It is also involved in forestry management, as it owns forests around Japan and Southeast Asia.

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