Mitani Sekisan Co (TSE:5273) Inventory Turnover : 3.44 (As of Dec. 2023)

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What is Mitani Sekisan 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. Mitani Sekisan Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円16,519 Mil. Mitani Sekisan Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円4,799 Mil. Mitani Sekisan Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mitani Sekisan Co's Days Inventory for the three months ended in Dec. 2023 was 26.51.

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. Mitani Sekisan Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.23.

Mitani Sekisan Co Inventory Turnover Historical Data

The historical data trend for Mitani Sekisan 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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Mitani Sekisan Co Inventory Turnover Chart

Mitani Sekisan Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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19.10

16.54

18.06

17.98

14.79

Mitani Sekisan 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															3.91	3.43	3.50	3.44	3.48

Mitani Sekisan Co Inventory Turnover Calculation

Mitani Sekisan Co's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	64533	/ (	(4281	+	4444)	/	2 )
=	64533	/	4362.5
=	14.79

Mitani Sekisan 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 )
=	16519	/ (	(4631	+	4966)	/	2 )
=	16519	/	4798.5
=	3.44

Mitani Sekisan Co (TSE:5273) 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.

Mitani Sekisan 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
	=	4798.5	/	16519	*	365 / 4
	=	26.51

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.

Mitani Sekisan 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 )
	=	4798.5	/	21304
	=	0.23

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.

Mitani Sekisan Co Inventory Turnover Related Terms

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Mitani Sekisan Co (TSE:5273) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Mitani Sekisan Co Ltd (TSE:5273) » Definitions » Inventory Turnover

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Address

1-3-1 Toyoshima, Mitani Building, Fukui-shi,, Fukui, JPN, 910-8571

Website

http://www.m-sekisan.co.jp

Mitani Sekisan Co., Ltd. is a Japanese company. It is engaged in the production and sales of concrete secondary products, manufacture, and sale of gravel products, foundation work, and rental for revetment. The company focuses on manufacturing gravel and stones which are used for civil engineering construction, railway tracking and pavement roadbed materials, raw concrete and various concrete secondary products, aggregates of asphalt composite material and construction materials. It also produces concrete piles and poles and environmental products. The Information-Related Business deals with computer peripheral sales and consigned software production.

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