Sumitomo Bakelite Co (TSE:4203) Inventory Turnover : 0.87 (As of Mar. 2024)

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What is Sumitomo Bakelite 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. Sumitomo Bakelite Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円50,103 Mil. Sumitomo Bakelite Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円57,507 Mil. Sumitomo Bakelite Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.87.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sumitomo Bakelite Co's Days Inventory for the three months ended in Mar. 2024 was 104.73.

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 Bakelite Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.80.

Sumitomo Bakelite Co Inventory Turnover Historical Data

The historical data trend for Sumitomo Bakelite 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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Sumitomo Bakelite Co Inventory Turnover Chart

Sumitomo Bakelite Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.09

3.83

4.07

3.77

3.46

Sumitomo Bakelite Co 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															0.86	0.85	0.87	0.89	0.87

Sumitomo Bakelite Co Inventory Turnover Calculation

Sumitomo Bakelite Co'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 )
=	201557	/ (	(57708	+	58848)	/	2 )
=	201557	/	58278
=	3.46

Sumitomo Bakelite Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	50103	/ (	(56166	+	58848)	/	2 )
=	50103	/	57507
=	0.87

Sumitomo Bakelite Co (TSE:4203) 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 Bakelite Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	57507	/	50103	*	365 / 4
	=	104.73

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 Bakelite Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	57507	/	71813
	=	0.80

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 Bakelite Co Inventory Turnover Related Terms

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Sumitomo Bakelite Co (TSE:4203) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Sumitomo Bakelite Co Ltd (TSE:4203) » Definitions » Inventory Turnover

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Address

2-5-8 Higashi-shinagawa, Shinagawa-ku, Tokyo, JPN, 140-0002

Website

http://www.sumibe.co.jp

Sumitomo Bakelite Co Ltd manufactures and sells plastics and chemical-based products. The firm's three segments are based on product type. The high-performance plastics segment, which generates more revenue than any other segment, sells phenolic molding compounds and phenolic resins used to make the interiors of aerospace and automotive vehicles. The quality-of-life segment sells medical-device products including endoscopic, surgery, drainage, and circulation devices. The semiconductor materials segment sells epoxy resin molding compounds and liquid resins used for semiconductor encapsulation in smartphones and other consumer electronic devices. The majority of revenue comes from Asia.

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