CMC (NGO:2185) Inventory Turnover: 6.44 (As of Mar. 2026)

CMC NGO:2185 64 Inventory Turnover is 6.44 as of Mar. 2026. GuruFocus rates NGO:2185 with a GF Score™ of 64/100 and a GF Value™ of 円885.62. The stock has 4 warning signs investors should review.

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. CMC's Cost of Goods Sold for the six months ended in Mar. 2026 was 円6,256 Mil. CMC's Average Total Inventories for the quarter that ended in Mar. 2026 was 円971 Mil. CMC's Inventory Turnover for the quarter that ended in Mar. 2026 was 6.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CMC's Days Inventory for the six months ended in Mar. 2026 was 28.33.

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. CMC's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.09.

CMC (NGO:2185) 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.

CMC's Days Inventory for the six months ended in Mar. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2026 )	/	Cost of Goods Sold (Q: Mar. 2026 )	*	Days in Period
	=	971.196	/	6256.364	*	365 / 2
	=	28.33

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.

CMC's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2026 )	/	Revenue (Q: Mar. 2026 )
	=	971.196	/	10235.983
	=	0.09

* 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.

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.

CMC Inventory Turnover Related Terms

CMC Inventory Turnover Historical Data

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The historical data trend for CMC's Inventory Turnover can be seen below:

CMC Inventory Turnover Chart

CMC Annual Data

Trend

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Sep25

Inventory Turnover

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13.90

11.70

10.56

12.60

11.77

CMC Semi-Annual Data
	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24	Mar25	Sep25	Mar26
Inventory Turnover	Get a 7-Day Free Trial															6.07	6.86	6.46	5.70	6.44

64GF Score

CMC Corp NGO:2185

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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CMC Inventory Turnover Calculation

CMC's Inventory Turnover for the fiscal year that ended in Sep. 2025 is calculated as

	Inventory Turnover (A: Sep. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2025 )	/ (	(Total Inventories (A: Sep. 2024 )	+	Total Inventories (A: Sep. 2025 ))	/	count )
=	11351.713	/ (	(862.452	+	1067.066)	/	2 )
=	11351.713	/	964.759
=	11.77

CMC's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

	Inventory Turnover (Q: Mar. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2026 )	/ (	(Total Inventories (Q: Sep. 2025 )	+	Total Inventories (Q: Mar. 2026 ))	/	count )
=	6256.364	/ (	(1067.066	+	875.326)	/	2 )
=	6256.364	/	971.196
=	6.44

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 6.44 mean?

CMC (NGO:2185) has a Inventory Turnover of 6.44 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on CMC and its competitors.

Is CMC's Inventory Turnover too high?

CMC's current Inventory Turnover is 6.44. Overall, CMC has a GF Score™ of 64/100, reflecting its overall financial health beyond just this single metric.

How does CMC's Inventory Turnover compare to IBM and ACN?

CMC's Inventory Turnover of 6.44 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Software company?

A good Inventory Turnover depends on the Software industry context. However, Inventory Turnover 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 Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on CMC and its competitors. CMC's current Inventory Turnover is 6.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is CMC stock overvalued right now?

CMC (NGO:2185) has a current Inventory Turnover of 6.44. The stock's GF Value™ is 円885.62, compared to a current price of 円1,090.50 — trading 23.1% above its estimated fair value. The current Inventory Turnover is 6.44. CMC's overall GF Score™ is 64/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For CMC (NGO:2185), the current Inventory Turnover is 6.44 as of Mar. 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 CMC (NGO:2185) Overvalued in 2026?

Based on GuruFocus' analysis, CMC stock appears to be overvalued. The current stock price of 円1,090.50 is trading 23.1% above its estimated GF Value™ of 円885.62.

Key valuation signals for NGO:2185:

Inventory Turnover: 6.44
GF Value™: 円885.62 vs. price of 円1,090.50 (23.1% above fair value)
GF Score™: 64/100 with 4 warning signs

No single metric tells the full story. See the NGO:2185 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CMC Business Description

Industry Technology Software

Comparable Companies TSE:4662 TSE:2158 TSE:3916 TSE:4371 TSE:3837 TSE:3788 TSE:7505 TSE:3984 TSE:2349 TSE:3968 IBM NSE:TCS ACN NSE:INFY TSE:6702 TSE:6701 NSE:HCLTECH FISV XMAD:AMS FIS

Other Exchanges 2185:Japan

Address 1-19 Heiwa 1-chome, Naka-ku, Nagoya, JPN, 460-0021

Website https://www.cmc.co.jp

CMC Corp is a Japanese company engaged in writing and editing technical manuals for automakers in Japan. The business is comprised of marketing operations and system development operations.

64GF Score

Get the complete analysis for NGO:2185

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

円1,090.50

Price

円885.62

GF Value

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