Shibaura Mechatronics (TSE:6590) Inventory Turnover : 1.32 (As of Mar. 2024)

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What is Shibaura Mechatronics 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. Shibaura Mechatronics's Cost of Goods Sold for the three months ended in Mar. 2024 was 円11,672 Mil. Shibaura Mechatronics's Average Total Inventories for the quarter that ended in Mar. 2024 was 円8,869 Mil. Shibaura Mechatronics's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shibaura Mechatronics's Days Inventory for the three months ended in Mar. 2024 was 69.34.

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. Shibaura Mechatronics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.45.

Shibaura Mechatronics Inventory Turnover Historical Data

The historical data trend for Shibaura Mechatronics'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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Shibaura Mechatronics Inventory Turnover Chart

Shibaura Mechatronics Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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10.18

10.99

10.21

7.25

5.35

Shibaura Mechatronics 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															1.45	1.26	1.31	1.23	1.32

Shibaura Mechatronics Inventory Turnover Calculation

Shibaura Mechatronics'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 )
=	40425	/ (	(6511	+	8599)	/	2 )
=	40425	/	7555
=	5.35

Shibaura Mechatronics'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 )
=	11672	/ (	(9139	+	8599)	/	2 )
=	11672	/	8869
=	1.32

Shibaura Mechatronics (TSE:6590) 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.

Shibaura Mechatronics'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
	=	8869	/	11672	*	365 / 4
	=	69.34

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.

Shibaura Mechatronics'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 )
	=	8869	/	19657
	=	0.45

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.

Shibaura Mechatronics Inventory Turnover Related Terms

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Shibaura Mechatronics (TSE:6590) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Shibaura Mechatronics Corp (TSE:6590) » Definitions » Inventory Turnover

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Address

2-5-1, Kasama, Sakae-ku, Yokohama, Kanagawa, JPN, 247-8610

Website

http://www.shibaura.co.jp

Shibaura Mechatronics Corp is a Japanese infrastructure provider. The company is engaged in the development of manufacturing equipment for flat panel displays, semiconductors, electronic components and optical thin films. Its products include wet cleaning equipment, stripping equipment, advanced reticle etching system, chemical dry etching equipment, automation system, manufacturing equipment, pattern cutting equipment, among others. It also offers various services including maintenance, overhauls, machine management, and repair.

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