Sumitomo Warehouse Co (TSE:9303) Inventory Turnover : 13.93 (As of Mar. 2024)

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What is Sumitomo Warehouse 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. Sumitomo Warehouse Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円38,745 Mil. Sumitomo Warehouse Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円2,782 Mil. Sumitomo Warehouse Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 13.93.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sumitomo Warehouse Co's Days Inventory for the three months ended in Mar. 2024 was 6.55.

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. Sumitomo Warehouse Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.06.

Sumitomo Warehouse Co Inventory Turnover Historical Data

The historical data trend for Sumitomo Warehouse 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.

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Sumitomo Warehouse Co Inventory Turnover Chart

Sumitomo Warehouse Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3,315.26

5,710.87

8,774.18

129.17

57.28

Sumitomo Warehouse Co 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															27.25	14.12	14.28	14.57	13.93

Sumitomo Warehouse Co Inventory Turnover Calculation

Sumitomo Warehouse 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 )
=	162367	/ (	(2895	+	2774)	/	2 )
=	162367	/	2834.5
=	57.28

Sumitomo Warehouse Co'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 )
=	38745	/ (	(2789	+	2774)	/	2 )
=	38745	/	2781.5
=	13.93

Sumitomo Warehouse Co (TSE:9303) 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.

Sumitomo Warehouse Co'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
	=	2781.5	/	38745	*	365 / 4
	=	6.55

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.

Sumitomo Warehouse Co'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 )
	=	2781.5	/	43926
	=	0.06

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.

Sumitomo Warehouse Co Inventory Turnover Related Terms

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Sumitomo Warehouse Co (TSE:9303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Sumitomo Warehouse Co Ltd (TSE:9303) » Definitions » Inventory Turnover

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Address

Nakanoshima 3-chome 2-18, Sumitomo Nakanoshima Building, Kita-ku, Osaka, JPN, 530-0005

Website

http://www.sumitomo-soko.co.jp

Sumitomo Warehouse Co Ltd is a logistics company domiciled in Japan. The company organises itself into three segments: logistics, shipping, and real estate. The logistics segment, which generates the majority of revenue, provides warehousing, transports cargo by air and land, and provides harbour transportation. Shipping, which generates the next largest portion of revenue, includes vessel operations to transport goods by sea. The real estate segment leases and sells real estate. The company derives the majority of income domestically.

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