Shiseido Co (Shiseido Co) Total Inventories : $1,039 Mil (As of Dec. 2023)

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What is Shiseido Co Total Inventories?

Shiseido Co's total inventories for the quarter that ended in Dec. 2023 was $1,039 Mil. Shiseido Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $1,038 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Shiseido Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-5.61.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shiseido Co's Days Inventory for the three months ended in Dec. 2023 was 218.38.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shiseido Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.42.

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. Shiseido Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.60.

Shiseido Co Total Inventories Historical Data

The historical data trend for Shiseido 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.

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Shiseido Co Total Inventories Chart

Shiseido Co Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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1,659.97

1,570.41

1,178.46

970.55

1,039.34

Shiseido 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															970.55	1,007.66	1,004.51	1,037.62	1,039.34

Shiseido 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.

Shiseido Co (OTCPK:SSDOY) 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.

Shiseido 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)
=	(879.564	+	0.75 * 1039.634	+	0.5 * 1039.342	-	4272.111
-	0	-	150.325)	/	399.656
=	-5.61

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

Shiseido 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
	=	1038.481	/	433.937	*	365 / 4
	=	218.38

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

Shiseido 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 )
	=	433.937	/	1038.481
	=	0.42

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.

Shiseido 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 )
	=	1038.481	/	1740.647
	=	0.60

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.

Shiseido Co Total Inventories Related Terms

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Shiseido Co (Shiseido Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shiseido Co Ltd (OTCPK:SSDOY) » Definitions » Total Inventories

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Traded in Other Exchanges

SSDOF:USA 4911:Japan SHD:Germany

Address

5-5 Ginza 7-chome, Chuo-ku, Tokyo, JPN, 104-0061

Website

http://www.shiseido.co.jp

Shiseido is a leading Japanese cosmetics manufacturer. Founded in 1872, the first Western-style pharmacy in Ginza, Tokyo, it is one of the oldest cosmetics companies globally. Shiseido's suite of 31 brands, including its namesake brand and luxury Clé de Peau Beauté, has an 9.3% share of Japan's beauty and personal care market and 18.3% share of Japan's premium segment according to Euromonitor. It is also ranked No. 3 after Estée Lauder and L'Oréal, with 7.6% market share in the global premium skincare space, thanks to a strong presence in China. China, Japan, and western markets each account for about 25% of sales, followed by 15% of travel retail, and 6% in Asia. Its distribution channels include department stores, drugstores, specialty retailers, travel retailers, and e-commerce.

Shiseido Co (Shiseido Co) Headlines

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Full Year 2023 Shiseido Co Ltd Earnings Presentation Transcript

By GuruFocus Research • 02-12-2024