Sumitomo Metal Mining Co (Sumitomo Metal Mining Co) Inventory Turnover : 0.62 (As of Mar. 2024)

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What is Sumitomo Metal Mining 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. Sumitomo Metal Mining Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $2,106 Mil. Sumitomo Metal Mining Co's Average Total Inventories for the quarter that ended in Mar. 2024 was $3,394 Mil. Sumitomo Metal Mining Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.62.

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 three months ended in Mar. 2024 was 147.00.

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 Inventory Turnover Historical Data

The historical data trend for Sumitomo Metal Mining 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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Sumitomo Metal Mining Co Inventory Turnover Chart

Sumitomo Metal Mining Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.80

2.69

2.59

2.28

2.25

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
Inventory Turnover	Get a 7-Day Free Trial															0.59	0.60	0.56	0.69	0.62

Sumitomo Metal Mining Co Inventory Turnover Calculation

Sumitomo Metal Mining 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 )
=	8538.693	/ (	(4159.233	+	3444.259)	/	2 )
=	8538.693	/	3801.746
=	2.25

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2106.474	/ (	(3342.811	+	3444.259)	/	2 )
=	2106.474	/	3393.535
=	0.62

Sumitomo Metal Mining Co (OTCPK:STMNF) 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.

Sumitomo Metal Mining Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	3393.535	/	2106.474	*	365 / 4
	=	147.00

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.

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 (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	3393.535	/	2405.235
	=	1.41

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.

Sumitomo Metal Mining Co Inventory Turnover Related Terms

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

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Sumitomo Metal Mining Co Ltd (OTCPK:STMNF) » Definitions » Inventory Turnover

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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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