Shibaura Machine Co (Shibaura Machine Co) Inventory Turnover : 0.18 (As of Dec. 2023)

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What is Shibaura Machine 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. Shibaura Machine Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $127 Mil. Shibaura Machine Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $713 Mil. Shibaura Machine Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shibaura Machine Co's Days Inventory for the three months ended in Dec. 2023 was 510.94.

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. Shibaura Machine Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 3.71.

Shibaura Machine Co Inventory Turnover Historical Data

The historical data trend for Shibaura Machine 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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Shibaura Machine Co Inventory Turnover Chart

Shibaura Machine Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.17

2.07

1.81

1.22

1.14

Shibaura Machine 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															0.31	0.27	0.32	0.18	0.33

Shibaura Machine Co Inventory Turnover Calculation

Shibaura Machine 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 )
=	734.388	/ (	(600.564	+	683.64)	/	2 )
=	734.388	/	642.102
=	1.14

Shibaura Machine 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 )
=	127.287	/ (	(663.364	+	762.084)	/	2 )
=	127.287	/	712.724
=	0.18

Shibaura Machine Co (OTCPK:TSHMF) 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.

Shibaura Machine 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
	=	712.724	/	127.287	*	365 / 4
	=	510.94

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.

Shibaura Machine 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 )
	=	712.724	/	191.92
	=	3.71

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.

Shibaura Machine Co Inventory Turnover Related Terms

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Shibaura Machine Co (Shibaura Machine Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shibaura Machine Co Ltd (OTCPK:TSHMF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

6104:Japan TOA:Germany

Address

2068-3 Ooka, Shizuoka Prefecture, Numazu, JPN, 410-8510

Website

http://www.toshiba-machine.co.jp

Shibaura Machine is engaged in manufacturing and distribution of molding machineries and machine tools. The business of the company is divided into two segments: molding machinery and machine tools. The company's product portfolio comprises injection molding machines, die-casting machines, plastic extrusion, large-size machine tools, portal-type machine tools, machining centers, horizontal boring machines, and high-precision machines, among others. The company's products are used in manufacturing of computers, automobile engines, transmissions, medical products, high-precision lenses, displays, construction machines, and wind power generation. A vast majority of the company's revenue is generated by the molding machinery segment, and the company earns most of its revenue in Japan.

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