Mitsui Mining and Smelting Co (TSE:5706) Inventory Turnover : 0.80 (As of Sep. 2024)

View and export this data going back to 1950. Start your Free Trial

What is Mitsui Mining and Smelting 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. Mitsui Mining and Smelting Co's Cost of Goods Sold for the three months ended in Sep. 2024 was 円144,750 Mil. Mitsui Mining and Smelting Co's Average Total Inventories for the quarter that ended in Sep. 2024 was 円180,415 Mil. Mitsui Mining and Smelting Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mitsui Mining and Smelting Co's Days Inventory for the three months ended in Sep. 2024 was 113.73.

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. Mitsui Mining and Smelting Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.01.

Mitsui Mining and Smelting Co Inventory Turnover Historical Data

The historical data trend for Mitsui Mining and Smelting 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.

* Premium members only.

Mitsui Mining and Smelting Co Inventory Turnover Chart

Mitsui Mining and Smelting Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

Get a 7-Day Free Trial

3.46

3.07

3.12

3.24

3.23

Mitsui Mining and Smelting Co 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															0.79	0.80	0.84	0.78	0.80

Mitsui Mining and Smelting Co Inventory Turnover Calculation

Mitsui Mining and Smelting 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 )
=	551300	/ (	(176250	+	165231)	/	2 )
=	551300	/	170740.5
=	3.23

Mitsui Mining and Smelting Co'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 )
=	144750	/ (	(0	+	180415)	/	1 )
=	144750	/	180415
=	0.80

Mitsui Mining and Smelting Co (TSE:5706) 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 Mining and Smelting Co'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
	=	180415	/	144750	*	365 / 4
	=	113.73

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.

Mitsui Mining and Smelting Co'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 )
	=	180415	/	178257
	=	1.01

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 Mining and Smelting Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Mitsui Mining and Smelting Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Mitsui Mining and Smelting Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Mitsui Mining and Smelting Co Ltd (TSE:5706) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

MMSMY:USA MMG:Germany

Address

1-11-1 Osaki, Gate City Ohsaki, West Tower, 19th Floor, Shingagawa-ku, Tokyo, JPN, 141-8584

Website

http://www.mitsui-kinzoku.co.jp

Mitsui Mining and Smelting Co Ltd (Mitsui Kinzoku) is a Japanese company which primarily supplies and produces metals for manufacturers of both automobiles and telecommunications devices. The company is split across four segments: Engineered Materials, within which Mitsui Kinzoku supplies catalytic converters, battery materials, and copper foil used in microelectronics; Metals, which involves mining, smelting, and recycling copper and zinc; Automotive Parts and Components, which principally manufactures door-related automotive parts; and Affiliates Coordination, which includes perlite, die-casting, and engineering projects. Whilst Mitsui Kinzoku derives the majority of revenue domestically, the company operates in several overseas markets, notably the United States and mainland Asia.

Mitsui Mining and Smelting Co Headlines

No Headlines