Shiseido Co (TSE:4911) Inventory Turnover : 0.40 (As of Mar. 2024)

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What is Shiseido 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. Shiseido Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円61,937 Mil. Shiseido Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円153,412 Mil. Shiseido Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.40.

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 Mar. 2024 was 226.02.

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 Mar. 2024 was 0.61.

Shiseido Co Inventory Turnover Historical Data

The historical data trend for Shiseido 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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Shiseido Co Inventory Turnover Chart

Shiseido Co Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.54

1.39

1.83

2.47

1.85

Shiseido 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															0.54	0.46	0.41	0.41	0.40

Shiseido Co Inventory Turnover Calculation

Shiseido Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	259674	/ (	(130942	+	149646)	/	2 )
=	259674	/	140294
=	1.85

Shiseido 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 )
=	61937	/ (	(149646	+	157177)	/	2 )
=	61937	/	153411.5
=	0.40

Shiseido Co (TSE:4911) 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.

Shiseido 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
	=	153411.5	/	61937	*	365 / 4
	=	226.02

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.

Shiseido 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 )
	=	153411.5	/	249453
	=	0.61

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.

Shiseido Co Inventory Turnover Related Terms

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Shiseido Co (TSE:4911) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shiseido Co Ltd (TSE:4911) » Definitions » Inventory Turnover

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SSDOY:USA SSDOF:USA 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.

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