Harima Chemicals Group (TSE:4410) Inventory Turnover: 1.70 (As of Mar. 2026)

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TSE:4410 Harima Chemicals Group Inc TSE:4410
70 GF Score
Price 円1,120.00
GF Value 円954.10
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Harima Chemicals Group Inventory Turnover?

Harima Chemicals Group TSE:4410 +12.68% 70 Inventory Turnover is 1.70 as of Mar. 2026. GuruFocus rates TSE:4410 with a GF Score™ of 70/100 and a GF Value™ of 円954.10 (Modestly Overvalued). The stock has 8 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. Harima Chemicals Group's Cost of Goods Sold for the six months ended in Mar. 2026 was 円41,051 Mil. Harima Chemicals Group's Average Total Inventories for the quarter that ended in Mar. 2026 was 円24,154 Mil. Harima Chemicals Group's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Harima Chemicals Group's Days Inventory for the six months ended in Mar. 2026 was 107.38.

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. Harima Chemicals Group's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.46.


Harima Chemicals Group  (TSE:4410) 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.

Harima Chemicals Group'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
=24153.5/41051*365 / 2
=107.38

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.

Harima Chemicals Group'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 )
=24153.5 / 52515
=0.46

* 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.


Harima Chemicals Group Inventory Turnover Related Terms


Harima Chemicals Group Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Harima Chemicals Group'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.

Harima Chemicals Group Inventory Turnover Chart

Harima Chemicals Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.24 4.39 3.53 3.33 3.33

Harima Chemicals Group 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.69 1.61 1.68 1.63 1.70
TSE:4410
70GF Score
Harima Chemicals Group Inc TSE:4410
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Harima Chemicals Group Inventory Turnover Calculation

Harima Chemicals Group's Inventory Turnover for the fiscal year that ended in Mar. 2026 is calculated as

Inventory Turnover (A: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Mar. 2026 ) / ((Total Inventories (A: Mar. 2025 ) + Total Inventories (A: Mar. 2026 )) / count )
=80824 / ((24449 + 24051) / 2 )
=80824 / 24250
=3.33

Harima Chemicals Group'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 )
=41051 / ((24256 + 24051) / 2 )
=41051 / 24153.5
=1.70

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 1.70 mean?
Harima Chemicals Group (TSE:4410) has a Inventory Turnover of 1.70 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Harima Chemicals Group and its competitors.
Is Harima Chemicals Group's Inventory Turnover too high?
Harima Chemicals Group's current Inventory Turnover is 1.70. Overall, Harima Chemicals Group has a GF Score™ of 70/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Harima Chemicals Group's Inventory Turnover compare to LIN and SHW?
Harima Chemicals Group's Inventory Turnover of 1.70 can be compared against companies in the Chemicals 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 Chemicals company?
A good Inventory Turnover depends on the Chemicals 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 Harima Chemicals Group and its competitors. Harima Chemicals Group's current Inventory Turnover is 1.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Harima Chemicals Group stock overvalued right now?
Based on GuruFocus' analysis, Harima Chemicals Group (TSE:4410) is currently considered Modestly Overvalued. The stock's GF Value™ is 円954.10, compared to a current price of 円1,120.00 — trading 17.4% above its estimated fair value. The current Inventory Turnover is 1.70. Harima Chemicals Group's overall GF Score™ is 70/100 with 8 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 Harima Chemicals Group (TSE:4410), the current Inventory Turnover is 1.70 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 Harima Chemicals Group (TSE:4410) Overvalued in 2026?

Based on GuruFocus' analysis, Harima Chemicals Group stock appears to be overvalued. The current stock price of 円1,120.00 is trading 17.4% above its estimated GF Value™ of 円954.10. GuruFocus considers Harima Chemicals Group to be Modestly Overvalued.

Key valuation signals for TSE:4410:

  • Inventory Turnover: 1.70
  • GF Value™: 円954.10 vs. price of 円1,120.00 (17.4% above fair value)
  • GF Score™: 70/100 with 8 warning signs

No single metric tells the full story. See the TSE:4410 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Harima Chemicals Group Business Description

Address 3 - chome Nihonbashi 3 - chome Chuo - ku, Tokyo, JPN, 103-0027
Harima Chemicals Group Inc is a Japan-based chemical manufacturer. The company is mainly engaged in chemical products business, papermaking chemical business, and electronic materials business. Products offered by the company include resins for printing ink, paint, resin for adhesive and adhesive, emulsifier for synthetic rubber, sizing agent, paper strength enhancer, and coating agent. Electronic materials business develops, manufacture and sell conductive paste, brazing material for aluminum and printed wiring board related materials. Harima has a world-wide network with presence in Europe, Asia, Oceania, North America, and South America.
70GF Score

Get the complete analysis for TSE:4410

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

円1,120.00
Price
円954.10
GF Value