Mitsubishi Estate Co (Mitsubishi Estate Co) Inventory Turnover : 0.44 (As of Dec. 2023)

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What is Mitsubishi Estate Co 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 Estate Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,759 Mil. Mitsubishi Estate Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $4,007 Mil. Mitsubishi Estate Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mitsubishi Estate Co's Days Inventory for the three months ended in Dec. 2023 was 207.84.

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 Estate Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.70.

Mitsubishi Estate Co Inventory Turnover Historical Data

The historical data trend for Mitsubishi Estate Co'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 Estate Co Inventory Turnover Chart

Mitsubishi Estate Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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2.30

2.85

2.55

2.62

2.22

Mitsubishi Estate Co 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															0.42	0.63	0.41	0.42	0.44

Mitsubishi Estate Co Inventory Turnover Calculation

Mitsubishi Estate Co'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 )
=	7337.733	/ (	(2929.614	+	3692.392)	/	2 )
=	7337.733	/	3311.003
=	2.22

Mitsubishi Estate Co'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 )
=	1759.442	/ (	(3607.515	+	4407.281)	/	2 )
=	1759.442	/	4007.398
=	0.44

Mitsubishi Estate Co (OTCPK:MITEY) 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 Estate Co'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
	=	4007.398	/	1759.442	*	365 / 4
	=	207.84

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 Estate Co'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 )
	=	4007.398	/	2351.101
	=	1.70

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 Estate Co Inventory Turnover Related Terms

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Mitsubishi Estate Co (Mitsubishi Estate Co) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Mitsubishi Estate Co Ltd (OTCPK:MITEY) » Definitions » Inventory Turnover

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MITEF:USA 8802:Japan

Address

Otemachi 1-chome, Otemachi Park Building, 1-1, Chiyoda-ku, Tokyo, JPN, 100-8133

Website

http://www.mec.co.jp

Mitsubishi Estate is one of the three big Japanese real estate companies. Around two thirds of its operating profit comes from leasing office space in Japan, where half of its portfolio is concentrated in the prime Marunouchi/Otemachi district between Tokyo station and the Imperial Palace. Mitsubishi Estate's predecessor originally bought this land from the government in 1890, and the company sees itself as steward of the showcase area's long-term development, rarely if ever selling any properties there.

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