Godo Steel (TSE:5410) Total Inventories

: 円50,215 Mil (As of Dec. 2023)

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Godo Steel's total inventories for the quarter that ended in Dec. 2023 was 円50,215 Mil. Godo Steel's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was 円50,633 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Godo Steel's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was 円-3,002.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Godo Steel's Days Inventory for the three months ended in Dec. 2023 was 100.47.

Inventory Turnover measures how fast the company turns over its inventory within a year. Godo Steel's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.91.

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. Godo Steel's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.90.

Godo Steel Total Inventories Historical Data

The historical data trend for Godo Steel'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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Godo Steel Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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33,726.00

31,118.00

36,725.00

45,485.00

56,483.00

Godo Steel 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															52,698.00	56,483.00	53,997.00	51,050.00	50,215.00

Godo Steel 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.

Godo Steel (TSE:5410) 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.

Godo Steel'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)
=	(18442	+	0.75 * 72618	+	0.5 * 50215	-	141504
-	0	-	424)	/	14.6259
=	-3,002.55

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

Godo Steel'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
	=	50632.5	/	45986	*	365 / 4
	=	100.47

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

Godo Steel'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 )
	=	45986	/	50632.5
	=	0.91

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.

Godo Steel'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 )
	=	50632.5	/	56121
	=	0.90

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.

Godo Steel Total Inventories Related Terms

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Godo Steel (TSE:5410) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Godo Steel Ltd (TSE:5410) » Definitions » Total Inventories

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Address

Toyobo Building 8th Floor, 2-2-8Doujima-hama Kita-ku, Osaka-shi, Osaka, JPN, 5300004

Website

http://www.godo-steel.co.jp

Godo Steel Ltd manufactures and sells steel products in Japan and internationally. The company offers wire rods for tire chains, stapler needles, and fencing applications; large and middle shapes that are used in construction, civil engineering, and other sectors; structural bars, which are used as materials for making parts of construction and industrial machinery, ships, and other equipment; and rails. It also provides deformed bars that are used as construction and civil engineering materials; EG joints and anchor plates; and billets. In addition, the company offers reinforcing bars, wire products, firebricks, and ballasts; trucking services; and industrial waste disposal services.

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