SNT (TSE:6319) Inventory Turnover : 1.09 (As of Sep. 2024)

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What is SNT 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. SNT's Cost of Goods Sold for the three months ended in Sep. 2024 was 円4,169 Mil. SNT's Average Total Inventories for the quarter that ended in Sep. 2024 was 円3,828 Mil. SNT's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SNT's Days Inventory for the three months ended in Sep. 2024 was 83.79.

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. SNT's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.84.

SNT Inventory Turnover Historical Data

The historical data trend for SNT'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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SNT Inventory Turnover Chart

SNT Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.37

3.96

4.42

4.88

4.46

SNT Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.11	1.00	1.00	1.09	1.09

SNT Inventory Turnover Calculation

SNT'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 )
=	19059.894	/ (	(4277.189	+	4273.479)	/	2 )
=	19059.894	/	4275.334
=	4.46

SNT'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 )
=	4168.74	/ (	(0	+	3827.801)	/	1 )
=	4168.74	/	3827.801
=	1.09

SNT (TSE:6319) 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.

SNT'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
	=	3827.801	/	4168.74	*	365 / 4
	=	83.79

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.

SNT'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 )
	=	3827.801	/	4531.081
	=	0.84

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.

SNT Inventory Turnover Related Terms

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SNT Business Description

Industry

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Address

1-13-1, Kaizuka, Kawasaki-ku, Kanagawa prefecture, Kawasaki, JPN, 210-0014

Website

http://snt.co.jp

SNT Corp engages in the manufacture and sale of forging parts, construction and logistics equipment. It offers forged products, including axle tubes, drive pinions, and knuckle spindles for automobile, construction, and other applications. The company manufactures and sells frame scaffolding and supporting materials for use at construction sites, as well as leases temporary construction equipment. In addition, it designs, manufactures, and sells steel pallet logistics containers for use in land and sea transportation, as well as other products comprising padding materials inside multi-purpose pallets, pallet height extensions, pallet top attachments, and one-way pallets.

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