CTS Co (TSE:4345) Total Inventories : 円315 Mil (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is CTS Co Total Inventories?

CTS Co's total inventories for the quarter that ended in Dec. 2023 was 円315 Mil. CTS Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was 円377 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. CTS Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was 円79.99.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CTS Co's Days Inventory for the three months ended in Dec. 2023 was 26.41.

Inventory Turnover measures how fast the company turns over its inventory within a year. CTS Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.46.

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. CTS Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.13.

CTS Co Total Inventories Historical Data

The historical data trend for CTS 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.

* Premium members only.

CTS Co Total Inventories Chart

CTS Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

Get a 7-Day Free Trial

763.00

427.00

460.00

312.00

366.00

CTS Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															390.00	366.00	271.00	438.00	315.00

CTS 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.

CTS Co (TSE:4345) 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.

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

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(6242	+	0.75 * 1663	+	0.5 * 315	-	4257
-	0	-	0)	/	42.3792
=	79.99

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

CTS 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
	=	376.5	/	1301	*	365 / 4
	=	26.41

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1301	/	376.5
	=	3.46

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.

CTS 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 )
	=	376.5	/	2898
	=	0.13

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.

CTS Co Total Inventories Related Terms

Thank you for viewing the detailed overview of CTS Co's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

CTS Co (TSE:4345) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CTS Co Ltd (TSE:4345) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

115 Kuriyasu, Nagano Prefecture, Ueda, JPN

Website

http://www.cts-h.co.jp

CTS Co Ltd is engaged in construction ICT, system business, survey measurement business, house furniture business and environmental safety business. The company offers products and services on rental basis specialized in the industry such as system equipment and communication lines. Its product offerings include cloud solution, color multi-function machine, inkjet printer, network cameras, personal computers equipped with functions suitable for the application, focusing on business models, among others.

CTS Co (TSE:4345) Headlines

No Headlines