ShinMaywa Industries (TSE:7224) Inventory Turnover : 0.82 (As of Dec. 2023)

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What is ShinMaywa Industries 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. ShinMaywa Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was 円51,647 Mil. ShinMaywa Industries's Average Total Inventories for the quarter that ended in Dec. 2023 was 円63,011 Mil. ShinMaywa Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.82.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ShinMaywa Industries's Days Inventory for the three months ended in Dec. 2023 was 111.33.

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. ShinMaywa Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.03.

ShinMaywa Industries Inventory Turnover Historical Data

The historical data trend for ShinMaywa Industries'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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ShinMaywa Industries Inventory Turnover Chart

ShinMaywa Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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4.70

4.09

4.03

3.76

3.84

ShinMaywa Industries 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															0.97	0.80	0.90	0.82	1.06

ShinMaywa Industries Inventory Turnover Calculation

ShinMaywa Industries'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 )
=	216233	/ (	(53801	+	58683)	/	2 )
=	216233	/	56242
=	3.84

ShinMaywa Industries's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	51647	/ (	(60357	+	65665)	/	2 )
=	51647	/	63011
=	0.82

ShinMaywa Industries (TSE:7224) 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.

ShinMaywa Industries's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	63011	/	51647	*	365 / 4
	=	111.33

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.

ShinMaywa Industries's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	63011	/	61163
	=	1.03

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.

ShinMaywa Industries Inventory Turnover Related Terms

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ShinMaywa Industries (TSE:7224) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » ShinMaywa Industries Ltd (TSE:7224) » Definitions » Inventory Turnover

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Address

1-1 Shinmeiwa-cho, Takarazuka, Hyogo, JPN, 665-8550

Website

http://www.shinmaywa.co.jp

ShinMaywa Industries Ltd manufactures a wide range of products, including parking systems, aircrafts, trucks, and other industrial systems. The company has four operating segments: aircraft, special-purpose truck, industrial machinery and environmental systems, and parking systems. The special-purpose truck segment generates roughly half of total sales and focuses on distributing dump trucks, lifters, compactors, and forestry machinery. The aircraft segment sells amphibian aircraft (capable of open-sea landing and takeoff) and aircraft parts to other manufacturers. Sales to customers located in Japan constitute about three fourths of total revenue.

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