Sumitomo Metal Mining Co (Sumitomo Metal Mining Co) Change In Inventory : $313 Mil (TTM As of Mar. 2024)

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What is Sumitomo Metal Mining Co Change In Inventory?

Sumitomo Metal Mining Co's change in inventory for the quarter that ended in Mar. 2024 was $-244 Mil. It means Sumitomo Metal Mining Co's inventory increased by $244 Mil from Dec. 2023 to Mar. 2024 .

Sumitomo Metal Mining Co's change in inventory for the fiscal year that ended in Mar. 2024 was $293 Mil. It means Sumitomo Metal Mining Co's inventory declined by $293 Mil from Mar. 2023 to Mar. 2024 .

Sumitomo Metal Mining Co's Total Inventories for the quarter that ended in Mar. 2024 was $3,444 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sumitomo Metal Mining Co's Days Inventory for the quarter that ended in Mar. 2024 was 147.00.

Inventory Turnover measures how fast the company turns over its inventory within a year. Sumitomo Metal Mining Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.62.

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. Sumitomo Metal Mining Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.41.

Sumitomo Metal Mining Co Change In Inventory Historical Data

The historical data trend for Sumitomo Metal Mining Co's Change In Inventory 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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Sumitomo Metal Mining Co Change In Inventory Chart

Sumitomo Metal Mining Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Change In Inventory

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342.18

-649.99

-781.91

-1,000.36

292.69

Sumitomo Metal Mining Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-42.82	223.86	206.43	127.02	-244.32

Sumitomo Metal Mining Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $313 Mil.

Sumitomo Metal Mining Co (OTCPK:STMNF) Change In Inventory Explanation

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

Sumitomo Metal Mining Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3393.535	/	2106.474	*	365 / 4
	=	147.00

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

Sumitomo Metal Mining Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2106.474	/	3393.535
	=	0.62

3. 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.

Sumitomo Metal Mining Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3393.535	/	2405.235
	=	1.41

Sumitomo Metal Mining Co Change In Inventory Related Terms

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Sumitomo Metal Mining Co (Sumitomo Metal Mining Co) Business Description

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Traded in Other Exchanges

SMMYY:USA 5713:Japan S19:Germany

Address

11-3, Shimbashi 5-chome, Minato-ku, Tokyo, JPN, 105-8716

Website

http://www.smm.co.jp

Sumitomo Metal Mining Co Ltd has three core operating segments, namely mineral resources, smelting and refining, and materials. The mineral resources business is engaged in exploration, development, production and sale of non-ferrous metals, primarily in Japan. The smelting and refining segment which generates the majority of group revenue, smelts and sells copper, nickel zinc, lead gold and others, and manufactures and sells stretched copper products and special steel castings. The materials division manufactures semiconductor materials, battery materials, bonding materials, aerated light-weight concrete, chemical catalysts among others.

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