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Mitsui High-tec (TSE:6966) Inventory-to-Revenue : 0.28 (As of Jan. 2024)


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What is Mitsui High-tec Inventory-to-Revenue?

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. Mitsui High-tec's Average Total Inventories for the quarter that ended in Jan. 2024 was 円14,421 Mil. Mitsui High-tec's Revenue for the three months ended in Jan. 2024 was 円51,803 Mil. Mitsui High-tec's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.28.

Mitsui High-tec's Inventory-to-Revenue for the quarter that ended in Jan. 2024 declined from Oct. 2023 (0.29) to Oct. 2023 (0.28)

A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mitsui High-tec's Days Inventory for the three months ended in Jan. 2024 was 30.62.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mitsui High-tec's Inventory Turnover for the quarter that ended in Jan. 2024 was 2.98.


Mitsui High-tec Inventory-to-Revenue Historical Data

The historical data trend for Mitsui High-tec's Inventory-to-Revenue 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.

Mitsui High-tec Inventory-to-Revenue Chart

Mitsui High-tec Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Inventory-to-Revenue
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.08 0.08 0.07 0.08 0.08

Mitsui High-tec Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Inventory-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.35 0.33 0.31 0.29 0.28

Competitive Comparison of Mitsui High-tec's Inventory-to-Revenue

For the Semiconductors subindustry, Mitsui High-tec's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mitsui High-tec's Inventory-to-Revenue Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Mitsui High-tec's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Mitsui High-tec's Inventory-to-Revenue falls into.



Mitsui High-tec Inventory-to-Revenue Calculation

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.

Mitsui High-tec's Inventory-to-Revenue for the fiscal year that ended in Jan. 2024 is calculated as

Inventory-to-Revenue (A: Jan. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (A: Jan. 2023 ) + Total Inventories (A: Jan. 2024 )) / count ) / Revenue (A: Jan. 2024 )
=( (14975 + 14256) / 2 ) / 195881
=14615.5 / 195881
=0.07

Mitsui High-tec's Inventory-to-Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue (Q: Jan. 2024 )
=Average Total Inventories / Revenue
=( (Total Inventories (Q: Oct. 2023 ) + Total Inventories (Q: Jan. 2024 )) / count ) / Revenue (Q: Jan. 2024 )
=( (14586 + 14256) / 2 ) / 51803
=14421 / 51803
=0.28

* 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.


Mitsui High-tec  (TSE:6966) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Mitsui High-tec's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jan. 2024 )/Cost of Goods Sold (Q: Jan. 2024 )*Days in Period
=14421/42971*365 / 4
=30.62

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

Mitsui High-tec's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jan. 2024 ) / Average Total Inventories (Q: Jan. 2024 )
=42971 / 14421
=2.98

* 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.


Mitsui High-tec Inventory-to-Revenue Related Terms

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Mitsui High-tec (TSE:6966) Business Description

Traded in Other Exchanges
Address
2-10-1,Komine, Yahatanishi-ku, Kitakyushu, JPN, 807-8588
Mitsui High-tec Inc manufactures and sells lead frame, motor core, precision tooling and machine tools in Japan. Its precision tooling/precision parts products include motor core dies, lead frame dies, mold dies, trim and form dies, and other type of stamping tools used in motor cores and IC lead frames, electric motor cores, automobile components, coins, and resin injection molding. It also provides open lead frames for semiconductor packages; and motor parts.

Mitsui High-tec (TSE:6966) Headlines

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