Micronics Japan Co (STU:MJ3) Inventory Turnover : 0.74 (As of Mar. 2024)

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What is Micronics Japan 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. Micronics Japan Co's Cost of Goods Sold for the three months ended in Mar. 2024 was €36.7 Mil. Micronics Japan Co's Average Total Inventories for the quarter that ended in Mar. 2024 was €49.7 Mil. Micronics Japan Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Micronics Japan Co's Days Inventory for the three months ended in Mar. 2024 was 123.62.

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. Micronics Japan Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.69.

Micronics Japan Co Inventory Turnover Historical Data

The historical data trend for Micronics Japan 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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Micronics Japan Co Inventory Turnover Chart

Micronics Japan Co Annual Data

Trend

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Dec21

Dec22

Inventory Turnover

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4.44

4.54

4.68

4.33

3.53

Micronics Japan Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.68	0.63	0.59	0.87	0.74

Micronics Japan Co Inventory Turnover Calculation

Micronics Japan Co's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	168.572	/ (	(41.874	+	53.541)	/	2 )
=	168.572	/	47.7075
=	3.53

Micronics Japan 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 )
=	36.666	/ (	(47.945	+	51.398)	/	2 )
=	36.666	/	49.6715
=	0.74

Micronics Japan Co (STU:MJ3) 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.

Micronics Japan 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
	=	49.6715	/	36.666	*	365 / 4
	=	123.62

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.

Micronics Japan 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 )
	=	49.6715	/	72.424
	=	0.69

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.

Micronics Japan Co Inventory Turnover Related Terms

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Micronics Japan Co (STU:MJ3) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Micronics Japan Co Ltd (STU:MJ3) » Definitions » Inventory Turnover

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6871:Japan

Address

2-6-8 Kichijoji Hon-cho, Musashino-shi, Tokyo, JPN, 180 8508

Website

http://www.mjc.co.jp

Micronics Japan Co Ltd is a Japanese company which is engaged in manufacturing of semiconductor and related products. It mainly produces probe cards for testing the electrical properties of wafers, testing equipment and test sockets for property testing after packaging, and a wafer prober, which is used for evaluation and analysis of devices. The company also offers products such as array probers, which are used for testing the electrical properties of flat panel displays (FDP), automated optical inspection equipment used for the display inspection of panels, and probe units that send electrical signals to test panels. Its product portfolio includes probe cards, package probe, semiconductor test equipment, automated optical inspection equipment, probe units, and FDP prober products.

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