Mitsubishi HC Capital (Mitsubishi HC Capital) Inventory Turnover : 9.02 (As of Dec. 2023)

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What is Mitsubishi HC Capital 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. Mitsubishi HC Capital's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,692 Mil. Mitsubishi HC Capital's Average Total Inventories for the quarter that ended in Dec. 2023 was $299 Mil. Mitsubishi HC Capital's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mitsubishi HC Capital's Days Inventory for the three months ended in Dec. 2023 was 10.12.

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. Mitsubishi HC Capital's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.09.

Mitsubishi HC Capital Inventory Turnover Historical Data

The historical data trend for Mitsubishi HC Capital'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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Mitsubishi HC Capital Inventory Turnover Chart

Mitsubishi HC Capital Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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42.18

34.79

32.20

36.59

30.64

Mitsubishi HC Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															9.16	9.10	7.60	7.30	9.02

Mitsubishi HC Capital Inventory Turnover Calculation

Mitsubishi HC Capital's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	11513.201	/ (	(406.84	+	344.625)	/	2 )
=	11513.201	/	375.7325
=	30.64

Mitsubishi HC Capital'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 )
=	2691.881	/ (	(348.067	+	249.004)	/	2 )
=	2691.881	/	298.5355
=	9.02

Mitsubishi HC Capital (OTCPK:MIUFY) 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.

Mitsubishi HC Capital'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
	=	298.5355	/	2691.881	*	365 / 4
	=	10.12

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.

Mitsubishi HC Capital'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 )
	=	298.5355	/	3351.667
	=	0.09

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.

Mitsubishi HC Capital Inventory Turnover Related Terms

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Mitsubishi HC Capital (Mitsubishi HC Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Mitsubishi HC Capital Inc (OTCPK:MIUFY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

8593:Japan 5B4:Germany

Address

5-1, Marunouchi 1-chome, Shin-Marunouchi Building, Chiyoda-ku, Tokyo, JPN, 100-6525

Website

https://www.mitsubishi-hc-capital.com

Mitsubishi HC Capital Inc is a provider of leases and rental solutions. It offers finance leases, operating leases, real estate leases, auto leases, carbon-neutral and green leases, personal computer rentals, measuring equipment rentals, machine tool rentals, as well as real estate-related finance, sales receivable factoring, medical fee factoring, installment sales, used machinery purchasing and sales, and insurance, among others.

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