Maruha Nichiro (FRA:6MN) Inventory Turnover : 1.07 (As of Sep. 2024)

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What is Maruha Nichiro 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. Maruha Nichiro's Cost of Goods Sold for the three months ended in Sep. 2024 was €1,497 Mil. Maruha Nichiro's Average Total Inventories for the quarter that ended in Sep. 2024 was €1,397 Mil. Maruha Nichiro's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Maruha Nichiro's Days Inventory for the three months ended in Sep. 2024 was 85.16.

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. Maruha Nichiro's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.81.

Maruha Nichiro Inventory Turnover Historical Data

The historical data trend for Maruha Nichiro'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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Maruha Nichiro Inventory Turnover Chart

Maruha Nichiro Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.93

4.18

4.51

4.36

3.88

Maruha Nichiro Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.08	0.95	0.98	1.07	1.13

Maruha Nichiro Inventory Turnover Calculation

Maruha Nichiro'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 )
=	5507.377	/ (	(1514.211	+	1322.308)	/	2 )
=	5507.377	/	1418.2595
=	3.88

Maruha Nichiro's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	1497.093	/ (	(0	+	1397.201)	/	1 )
=	1497.093	/	1397.201
=	1.07

Maruha Nichiro (FRA:6MN) 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.

Maruha Nichiro's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	1397.201	/	1497.093	*	365 / 4
	=	85.16

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.

Maruha Nichiro's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	1397.201	/	1734.548
	=	0.81

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.

Maruha Nichiro Inventory Turnover Related Terms

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Maruha Nichiro Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Maruha Nichiro Corp (FRA:6MN) » Definitions » Inventory Turnover

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Traded in Other Exchanges

1333:Japan

Address

3-20-20 Toyosu, Koto-ku, Toyosu Front, Tokyo, JPN

Website

http://www.maruha-nichiro.co.jp

Maruha Nichiro Corp is a Japan-based company mainly engaged in the processing and sale of animal-based products. The company mainly sells animal derivatives which include frozen and canned meat and sauces. It also sells desserts, health foods, and confectioneries.

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