Japan Tobacco (HAM:JAT) Change In Inventory: €-655 Mil (TTM As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HAM:JAT Japan Tobacco Inc HAM:JAT
74 GF Score
Price €38.17
GF Value €22.26
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Japan Tobacco Change In Inventory?

Japan Tobacco HAM:JAT 74 Change In Inventory is €-655 Mil as of Jun. 2026. GuruFocus rates HAM:JAT with a GF Score™ of 74/100 and a GF Value™ of €22.26 (Significantly Overvalued). The stock has 7 warning signs investors should review.

Japan Tobacco's change in inventory for the quarter that ended in Jun. 2026 was €0 Mil. It means Japan Tobacco's inventory stayed the same from Mar. 2026 to Jun. 2026 .

Japan Tobacco's change in inventory for the fiscal year that ended in Dec. 2025 was €-668 Mil. It means Japan Tobacco's inventory increased by €668 Mil from Dec. 2024 to Dec. 2025 .

Japan Tobacco's Total Inventories for the quarter that ended in Jun. 2026 was €6,040 Mil.

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

Inventory Turnover measures how fast the company turns over its inventory within a year. Japan Tobacco's Inventory Turnover for the quarter that ended in Jun. 2026 was 0.00.

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.


Japan Tobacco  (HAM:JAT) Change In Inventory Explanation

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

Japan Tobacco's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=5989.374/0*365 / 4
=N/A

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

Japan Tobacco's Inventory Turnover for the quarter that ended in Jun. 2026 is calculated as

3. 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.

Japan Tobacco's Inventory to Revenue for the quarter that ended in Jun. 2026 is calculated as

* 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.


Japan Tobacco Change In Inventory Related Terms


Japan Tobacco Change In Inventory Historical Data

* Premium members only.

The historical data trend for Japan Tobacco's Change In Inventory 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.

Japan Tobacco Change In Inventory Chart

Japan Tobacco Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 75.96 -657.09 -867.64 -599.56 -667.90

Japan Tobacco Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -205.64 -154.61 -231.26 -63.94 0.00
HAM:JAT
74GF Score
Japan Tobacco Inc HAM:JAT
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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Japan Tobacco Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €-655 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of €-655 Mil mean?
Japan Tobacco (HAM:JAT) has a Change In Inventory of €-655 Mil as of Jun. 2026. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Japan Tobacco and its competitors.
Is Japan Tobacco's Change In Inventory too high?
Japan Tobacco's current Change In Inventory is €-655 Mil. Overall, Japan Tobacco has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Japan Tobacco's Change In Inventory compare to PM and MO?
Japan Tobacco's Change In Inventory of €-655 Mil can be compared against companies in the Tobacco Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Tobacco Products company?
A good Change In Inventory depends on the Tobacco Products industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Japan Tobacco and its competitors. Japan Tobacco's current Change In Inventory is €-655 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Japan Tobacco stock overvalued right now?
Based on GuruFocus' analysis, Japan Tobacco (HAM:JAT) is currently considered Significantly Overvalued. The stock's GF Value™ is €22.26, compared to a current price of €38.17 — trading 71.5% above its estimated fair value. The current Change In Inventory is €-655 Mil. Japan Tobacco's overall GF Score™ is 74/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Japan Tobacco (HAM:JAT), the current Change In Inventory is €-655 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Japan Tobacco (HAM:JAT) Overvalued in 2026?

Based on GuruFocus' analysis, Japan Tobacco stock appears to be overvalued. The current stock price of €38.17 is trading 71.5% above its estimated GF Value™ of €22.26. GuruFocus considers Japan Tobacco to be Significantly Overvalued.

Key valuation signals for HAM:JAT:

  • Change In Inventory: €-655 Mil
  • GF Value™: €22.26 vs. price of €38.17 (71.5% above fair value)
  • GF Score™: 74/100 with 7 warning signs

No single metric tells the full story. See the HAM:JAT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Japan Tobacco Business Description

Address 4-1-1 Toranomon, Minato-ku, Tokyo, JPN, 105-6927
Japan Tobacco primarily sells cigarettes and reduced-risk products, organized in three clusters consisting of Asia (which includes its home market and countries in Asia Pacific), Western Europe, and EMA (which includes Eastern Europe, the Middle East North Africa, Turkey, Americas, and duty-free). Its leading cigarette brands include Winston (non-US), Camel (non-US), Mevius, and LD. Its reduced-risk brands include Logic in vaping, Ploom in heated tobacco, and Nordic Spirit in nicotine pouches, though these generates less than 5% of tobacco sales.
74GF Score

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Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€38.17
Price
€22.26
GF Value