THK Co (THK Co) Total Inventories : $573 Mil (As of Dec. 2023)

View and export this data going back to 2008. Start your Free Trial

What is THK Co Total Inventories?

THK Co's total inventories for the quarter that ended in Dec. 2023 was $573 Mil. THK Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $580 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. THK Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $1.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. THK Co's Days Inventory for the three months ended in Dec. 2023 was 118.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. THK Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.77.

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. THK Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.00.

THK Co Total Inventories Historical Data

The historical data trend for THK Co's Total Inventories 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.

THK Co Total Inventories Chart

THK Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

Get a 7-Day Free Trial

441.06

455.10

565.55

575.40

572.71

THK Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															575.40	607.84	607.44	586.72	572.71

THK Co Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

THK Co (OTCPK:THKLY) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

THK Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1090.348	+	0.75 * 546.049	+	0.5 * 572.712	-	1343.603
-	0	-	39.123)	/	245.186
=	1.65

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

THK 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
	=	579.7175	/	447.488	*	365 / 4
	=	118.21

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	447.488	/	579.7175
	=	0.77

4. 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.

THK 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 )
	=	579.7175	/	582.158
	=	1.00

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

THK Co Total Inventories Related Terms

Thank you for viewing the detailed overview of THK Co's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

THK Co (THK Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » THK Co Ltd (OTCPK:THKLY) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

6481:Japan 1TK:Germany

Address

3-11-6, Nishi-Gotanda, Shinagawa-ku, Tokyo, JPN, 141-8503

Website

http://www.thk.com

THK Co Ltd is a Japan-based company that primarily manufactures machinery parts, including linear motion guides and ball screws, and transportation-equipment-related parts. The company operates through two segments. The industrial machinery segment provides products that are essential components in the production of machine tools and semiconductor production equipment. This segment also manufactures and sells electric actuators and unit products. The automotive and transportation segment develops and provides automotive components that support vehicles' basic functions. The company generates the majority of its revenue from the Japanese domestic market.