Suzuki Motor (TSE:7269) Inventory Turnover : 1.62 (As of Dec. 2023)

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What is Suzuki Motor 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. Suzuki Motor's Cost of Goods Sold for the three months ended in Dec. 2023 was 円939,680 Mil. Suzuki Motor's Average Total Inventories for the quarter that ended in Dec. 2023 was 円581,792 Mil. Suzuki Motor's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Suzuki Motor's Days Inventory for the three months ended in Dec. 2023 was 56.50.

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. Suzuki Motor's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.45.

Suzuki Motor Inventory Turnover Historical Data

The historical data trend for Suzuki Motor'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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Suzuki Motor Inventory Turnover Chart

Suzuki Motor Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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7.77

7.11

6.50

7.48

8.17

Suzuki Motor 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															2.02	1.97	1.81	1.84	1.62

Suzuki Motor Inventory Turnover Calculation

Suzuki Motor'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 )
=	3491714	/ (	(369448	+	485313)	/	2 )
=	3491714	/	427380.5
=	8.17

Suzuki Motor'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 )
=	939680	/ (	(557344	+	606240)	/	2 )
=	939680	/	581792
=	1.62

Suzuki Motor (TSE:7269) 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.

Suzuki Motor'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
	=	581792	/	939680	*	365 / 4
	=	56.50

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.

Suzuki Motor'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 )
	=	581792	/	1283082
	=	0.45

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.

Suzuki Motor Inventory Turnover Related Terms

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Suzuki Motor (TSE:7269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Suzuki Motor Corp (TSE:7269) » Definitions » Inventory Turnover

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Traded in Other Exchanges

SZKMY:USA SUK:Germany

Address

300 Takatsuka-cho, Minami-ku, Shizuoka, Hamamatsu, JPN, 432-8611

Website

https://www.globalsuzuki.com

Suzuki Motor Corp is an automobile manufacturing company. It organizes itself into three segments based on product type namely: automobile, motorcycle, and Marine business. The automotive business, which contributes the vast majority of revenue, largely focuses on passenger vehicles. The motorcycle business manufactures on- and off-road motorcycles and scooters, and contributes the next-largest portion of sales. The Marine business manufactures four-stroke motors for marine use. Nearly half of consolidated revenue is derived from Asian countries excluding Japan, with a third of sales made domestically.

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