Sagami Rubber Industries Co (TSE:5194) Inventory Turnover : 0.61 (As of Dec. 2023)

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What is Sagami Rubber Industries 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. Sagami Rubber Industries Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円1,168 Mil. Sagami Rubber Industries Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円1,928 Mil. Sagami Rubber Industries Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sagami Rubber Industries Co's Days Inventory for the three months ended in Dec. 2023 was 150.56.

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. Sagami Rubber Industries Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.19.

Sagami Rubber Industries Co Inventory Turnover Historical Data

The historical data trend for Sagami Rubber Industries 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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Sagami Rubber Industries Co Inventory Turnover Chart

Sagami Rubber Industries Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.89

2.67

2.05

1.81

2.02

Sagami Rubber Industries Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.48	0.53	0.57	0.59	0.61

Sagami Rubber Industries Co Inventory Turnover Calculation

Sagami Rubber Industries Co's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	4092.191	/ (	(1931.057	+	2117.466)	/	2 )
=	4092.191	/	2024.2615
=	2.02

Sagami Rubber Industries 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 )
=	1168.363	/ (	(1883.815	+	1971.777)	/	2 )
=	1168.363	/	1927.796
=	0.61

Sagami Rubber Industries Co (TSE:5194) 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.

Sagami Rubber Industries 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
	=	1927.796	/	1168.363	*	365 / 4
	=	150.56

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.

Sagami Rubber Industries 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 )
	=	1927.796	/	1626.379
	=	1.19

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.

Sagami Rubber Industries Co Inventory Turnover Related Terms

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Sagami Rubber Industries Co (TSE:5194) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Sagami Rubber Industries Co Ltd (TSE:5194) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

2-1, Moto-cho, Kanagawa-ken, Atsugi-shi, JPN, 243-0002

Website

http://www.sagami-gomu.co.jp

Sagami Rubber Industries Co., Ltd. engages in the manufacture and sale of condoms, plastic films, and healthcare products. The Healthcare products include condoms, medical rubber products, and probe covers, External Catheters (Urosheaths). Plastic Products contains office files and food packaging films. It also offers bathing services and daily essentials.

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