Soken Chemical & Engineering Co (TSE:4972) Inventory Turnover : 1.43 (As of Dec. 2023)

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What is Soken Chemical & Engineering 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. Soken Chemical & Engineering Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円7,859 Mil. Soken Chemical & Engineering Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円5,503 Mil. Soken Chemical & Engineering Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Soken Chemical & Engineering Co's Days Inventory for the three months ended in Dec. 2023 was 63.90.

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. Soken Chemical & Engineering Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.47.

Soken Chemical & Engineering Co Inventory Turnover Historical Data

The historical data trend for Soken Chemical & Engineering 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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Soken Chemical & Engineering Co Inventory Turnover Chart

Soken Chemical & Engineering Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.59

5.35

5.86

4.85

5.14

Soken Chemical & Engineering 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															1.09	1.11	1.26	1.43	1.40

Soken Chemical & Engineering Co Inventory Turnover Calculation

Soken Chemical & Engineering 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 )
=	28774.018	/ (	(5872.472	+	5313.714)	/	2 )
=	28774.018	/	5593.093
=	5.14

Soken Chemical & Engineering Co'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 )
=	7858.537	/ (	(5579.652	+	5426.286)	/	2 )
=	7858.537	/	5502.969
=	1.43

Soken Chemical & Engineering Co (TSE:4972) 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.

Soken Chemical & Engineering 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
	=	5502.969	/	7858.537	*	365 / 4
	=	63.90

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.

Soken Chemical & Engineering 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 )
	=	5502.969	/	11756.943
	=	0.47

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.

Soken Chemical & Engineering Co Inventory Turnover Related Terms

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Soken Chemical & Engineering Co (TSE:4972) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Soken Chemical & Engineering Co Ltd (TSE:4972) » Definitions » Inventory Turnover

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Address

3-29-5 Takada, Toshima-ku, Tokyo, JPN, 171-8531

Website

http://www.soken-ce.co.jp

Soken Chemical & Engineering Co., Ltd. Is engaged in the manufacture and sales of acrylic pressure sensitive adhesives, functional polymers, organic fine particles, and adhesive tapes. The products of the company include pressure sensitive adhesives, fine particles, specialty coated products, and nanoimprinting products.

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