SSUMF (Sumitomo) Inventory Turnover : 0.93 (As of Sep. 2024)

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What is Sumitomo 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. Sumitomo's Cost of Goods Sold for the three months ended in Sep. 2024 was $9,848 Mil. Sumitomo's Average Total Inventories for the quarter that ended in Sep. 2024 was $10,624 Mil. Sumitomo's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sumitomo's Days Inventory for the three months ended in Sep. 2024 was 98.44.

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. Sumitomo's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.87.

Sumitomo Inventory Turnover Historical Data

The historical data trend for Sumitomo'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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Sumitomo Inventory Turnover Chart

Sumitomo Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.85

4.52

4.66

4.32

3.66

Sumitomo Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.92	0.99	1.00	0.91	0.93

Sumitomo Inventory Turnover Calculation

Sumitomo'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 )
=	37163.703	/ (	(10403.369	+	9923.801)	/	2 )
=	37163.703	/	10163.585
=	3.66

Sumitomo'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 )
=	9847.665	/ (	(0	+	10623.704)	/	1 )
=	9847.665	/	10623.704
=	0.93

Sumitomo (OTCPK:SSUMF) 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.

Sumitomo'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
	=	10623.704	/	9847.665	*	365 / 4
	=	98.44

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.

Sumitomo'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 )
	=	10623.704	/	12218.973
	=	0.87

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.

Sumitomo Inventory Turnover Related Terms

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Sumitomo Business Description

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SSUMY:USA 8053:Japan SUMB:Germany SUMA:Germany SUMA:Germany

Address

3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo, JPN, 100-8601

Website

http://www.sumitomocorp.co.jp

Sumitomo Corp is a Japanese conglomerate that operates various business units: metal products; transportation and construction systems; environment and infrastructure; media, ICT, and lifestyle-related goods and services; and mineral resources, energy, chemical, and electronics. The businesses develop, manufacture, distribute, and service steel sheets, steel tubular products, nonferrous metal products, ship and aerospace equipment, railway cars, automobiles, construction equipment, lifestyle and food retail goods, materials and supplies, mineral resources, energy, electronics, and life sciences. The group also offers services in infrastructure projects, real estate construction, and general construction and development projects.