HPC Systems (TSE:6597) Total Inventories : 円708 Mil (As of Mar. 2024)

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What is HPC Systems Total Inventories?

HPC Systems's total inventories for the quarter that ended in Mar. 2024 was 円708 Mil. HPC Systems's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was 円953 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. HPC Systems's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was 円233.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HPC Systems's Days Inventory for the three months ended in Mar. 2024 was 50.11.

Inventory Turnover measures how fast the company turns over its inventory within a year. HPC Systems's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.82.

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. HPC Systems's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.40.

HPC Systems Total Inventories Historical Data

The historical data trend for HPC Systems'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.

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HPC Systems Total Inventories Chart

HPC Systems Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

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513.73

323.38

471.33

982.84

1,099.89

HPC Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															1,494.02	1,099.89	1,187.62	1,198.21	708.22

HPC Systems 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.

HPC Systems (TSE:6597) 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.

HPC Systems's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2340.549	+	0.75 * 1526.201	+	0.5 * 708.218	-	2835.597
-	0	-	0)	/	4.29457
=	233.72

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

HPC Systems'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
	=	953.2155	/	1735.956	*	365 / 4
	=	50.11

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

HPC Systems's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	1735.956	/	953.2155
	=	1.82

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.

HPC Systems'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 )
	=	953.2155	/	2391.238
	=	0.40

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.

HPC Systems Total Inventories Related Terms

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HPC Systems (TSE:6597) Business Description

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Address

3-5-15 Kaigan, LOOP-X 8th Floor, Minato-ku, Tokyo, JPN, 108-0022

Website

https://www.hpc.co.jp

HPC Systems Inc is a Japanese based company engaged in the development, production and sales of high-performance computers and industrial computers. The business activities of the group are functioned through high performance computer business, configure to order business and computational science consulting business.

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