Mitsui Chemicals (Mitsui Chemicals) Inventory Turnover : 0.81 (As of Dec. 2023)

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What is Mitsui Chemicals 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. Mitsui Chemicals's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,493 Mil. Mitsui Chemicals's Average Total Inventories for the quarter that ended in Dec. 2023 was $3,066 Mil. Mitsui Chemicals's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mitsui Chemicals's Days Inventory for the three months ended in Dec. 2023 was 112.23.

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. Mitsui Chemicals's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.98.

Mitsui Chemicals Inventory Turnover Historical Data

The historical data trend for Mitsui Chemicals'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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Mitsui Chemicals Inventory Turnover Chart

Mitsui Chemicals Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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3.97

3.66

3.36

3.79

3.49

Mitsui Chemicals 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															0.86	0.84	0.70	0.71	0.81

Mitsui Chemicals Inventory Turnover Calculation

Mitsui Chemicals'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 )
=	11207.585	/ (	(3111.967	+	3306.41)	/	2 )
=	11207.585	/	3209.1885
=	3.49

Mitsui Chemicals'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 )
=	2493.14	/ (	(2983.097	+	3149.425)	/	2 )
=	2493.14	/	3066.261
=	0.81

Mitsui Chemicals (OTCPK:MITUY) 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.

Mitsui Chemicals'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
	=	3066.261	/	2493.14	*	365 / 4
	=	112.23

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.

Mitsui Chemicals'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 )
	=	3066.261	/	3131.479
	=	0.98

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.

Mitsui Chemicals Inventory Turnover Related Terms

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Mitsui Chemicals (Mitsui Chemicals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Mitsui Chemicals Inc (OTCPK:MITUY) » Definitions » Inventory Turnover

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MITUF:USA 4183:Japan MSI:Germany

Address

1-5-2, Higashi-Shimbashi, Shiodome City Center, Minato-ku, Tokyo, JPN, 105-7122

Website

http://group.mitsuichemicals.com

Mitsui Chemicals Inc manufactures and sells a variety of chemicals, plastics, and chemical-based products. The firm organizes itself into five segments based on the product type. The basic materials segment, which generates more revenue than any other segment, sells petrochemicals, industrial chemicals, phenols, and polyesters. The mobility segment sells elastomers, performance compounds, and performance polymers to the automotive industry. The other three segments are healthcare, food and packaging, and others. The majority of revenue comes from Asia.

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