Mitsui O.S.K. Lines (Mitsui O.S.K. Lines) Inventory Turnover : 6.20 (As of Dec. 2023)

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What is Mitsui O.S.K. Lines 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 O.S.K. Lines's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,526 Mil. Mitsui O.S.K. Lines's Average Total Inventories for the quarter that ended in Dec. 2023 was $408 Mil. Mitsui O.S.K. Lines's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mitsui O.S.K. Lines's Days Inventory for the three months ended in Dec. 2023 was 14.72.

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 O.S.K. Lines's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.14.

Mitsui O.S.K. Lines Inventory Turnover Historical Data

The historical data trend for Mitsui O.S.K. Lines'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 O.S.K. Lines Inventory Turnover Chart

Mitsui O.S.K. Lines Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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30.10

28.71

28.51

26.80

24.40

Mitsui O.S.K. Lines Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															5.75	6.14	5.96	6.20	5.96

Mitsui O.S.K. Lines Inventory Turnover Calculation

Mitsui O.S.K. Lines'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 )
=	9204.231	/ (	(379.959	+	374.566)	/	2 )
=	9204.231	/	377.2625
=	24.40

Mitsui O.S.K. Lines'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 )
=	2526.421	/ (	(411.614	+	403.496)	/	2 )
=	2526.421	/	407.555
=	6.20

Mitsui O.S.K. Lines (OTCPK:MSLOY) 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 O.S.K. Lines'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
	=	407.555	/	2526.421	*	365 / 4
	=	14.72

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 O.S.K. Lines'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 )
	=	407.555	/	2976.507
	=	0.14

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 O.S.K. Lines Inventory Turnover Related Terms

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Mitsui O.S.K. Lines (Mitsui O.S.K. Lines) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mitsui O.S.K. Lines Ltd (OTCPK:MSLOY) » Definitions » Inventory Turnover

Traded in Other Exchanges

MSLOF:USA 9104:Japan MILA:Germany MILA:Germany

Address

1-1, Toranomon 2-chome, Shosen Mitsui Building, Minato-ku, Tokyo, JPN, 105-8688

Website

http://www.mol.co.jp

Mitsui O.S.K. Lines is a Japanese transportation and logistics company. It operates through five segments: dry bulk, energy transport, product transport, associated businesses, and other. The product transport business is the largest contributor to revenue. Product transport largely focuses on the ownership and operation of containerships, followed by logistics services, car carriers, and inshore ferries. Dry bulk involves transporting materials such as iron ore, coal, grains, wood, cement, salt, and more via company-owned and operated bulk carriers. The energy transport business uses Mitsui tankers to ship crude oil, naphtha, liquefied natural gas, and other energy products. Most revenue is generated domestically in Japan.

Mitsui O.S.K. Lines (Mitsui O.S.K. Lines) Headlines

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