Hino Motors (TSE:7205) Inventory Turnover : 1.01 (As of Dec. 2023)

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What is Hino Motors 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. Hino Motors's Cost of Goods Sold for the three months ended in Dec. 2023 was 円325,520 Mil. Hino Motors's Average Total Inventories for the quarter that ended in Dec. 2023 was 円322,154 Mil. Hino Motors's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hino Motors's Days Inventory for the three months ended in Dec. 2023 was 90.31.

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. Hino Motors's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.83.

Hino Motors Inventory Turnover Historical Data

The historical data trend for Hino Motors'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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Hino Motors Inventory Turnover Chart

Hino Motors Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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5.88

5.56

5.67

5.02

4.21

Hino Motors 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															1.23	1.07	1.01	1.01	1.00

Hino Motors Inventory Turnover Calculation

Hino Motors'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 )
=	1282680	/ (	(278503	+	330614)	/	2 )
=	1282680	/	304558.5
=	4.21

Hino Motors'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 )
=	325520	/ (	(320631	+	323676)	/	2 )
=	325520	/	322153.5
=	1.01

Hino Motors (TSE:7205) 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.

Hino Motors'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
	=	322153.5	/	325520	*	365 / 4
	=	90.31

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.

Hino Motors'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 )
	=	322153.5	/	386124
	=	0.83

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.

Hino Motors Inventory Turnover Related Terms

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Hino Motors (TSE:7205) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hino Motors Ltd (TSE:7205) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HINOY:USA HMO:Germany

Address

1-1 Hinodai 3-chome, Hino-shi, Tokyo, JPN

Website

http://www.hino-global.com

Hino Motors Ltd is a Japanese automobile manufacturer, and a subsidiary of Toyota Motor. The company primarily manufactures and sells medium and heavy commercial vehicles, such as trucks and buses, and light commercial vehicles under the Hino brand. These operations contribute the majority of consolidated revenue. In addition, Hino manufactures passenger vehicles under the Toyota brand, along with engines and spare parts. Domestic sales represent the largest share of Hino's revenue, with Asia excluding Japan the next most significant contributor.

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