Tanabe Engineering (TSE:1828) Inventory Turnover : 27.09 (As of Dec. 2023)

View and export this data going back to 2007. Start your Free Trial

What is Tanabe Engineering 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. Tanabe Engineering's Cost of Goods Sold for the three months ended in Dec. 2023 was 円12,913 Mil. Tanabe Engineering's Average Total Inventories for the quarter that ended in Dec. 2023 was 円477 Mil. Tanabe Engineering's Inventory Turnover for the quarter that ended in Dec. 2023 was 27.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tanabe Engineering's Days Inventory for the three months ended in Dec. 2023 was 3.37.

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. Tanabe Engineering's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

Tanabe Engineering Inventory Turnover Historical Data

The historical data trend for Tanabe Engineering'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.

* Premium members only.

Tanabe Engineering Inventory Turnover Chart

Tanabe Engineering Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

Get a 7-Day Free Trial

25.35

20.73

17.27

25.41

70.67

Tanabe Engineering Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															13.77	17.52	21.08	22.81	27.09

Tanabe Engineering Inventory Turnover Calculation

Tanabe Engineering's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	35716.962	/ (	(572.784	+	438.077)	/	2 )
=	35716.962	/	505.4305
=	70.67

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	12912.694	/ (	(469.871	+	483.597)	/	2 )
=	12912.694	/	476.734
=	27.09

Tanabe Engineering (TSE:1828) 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.

Tanabe Engineering'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
	=	476.734	/	12912.694	*	365 / 4
	=	3.37

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.

Tanabe Engineering'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 )
	=	476.734	/	14215.425
	=	0.03

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.

Tanabe Engineering Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Tanabe Engineering's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Tanabe Engineering (TSE:1828) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tanabe Engineering Corp (TSE:1828) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

20, Fukuda, Zyouetsu, JPN, 942-0032

Website

http://www.tanabe-ind.co.jp

Tanabe Engineering Corp is mainly engaged in the facility construction works. It constructs plant facilities for electronic materials, food and drug metals and constructs public environmental facilities.

Tanabe Engineering (TSE:1828) Headlines

No Headlines