Morimatsu International Holdings Co (FRA:1S5) Total Inventories : €231.2 Mil (As of Dec. 2023)

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What is Morimatsu International Holdings Co Total Inventories?

Morimatsu International Holdings Co's total inventories for the quarter that ended in Dec. 2023 was €231.2 Mil. Morimatsu International Holdings Co's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was €269.1 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Morimatsu International Holdings Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was €-0.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Morimatsu International Holdings Co's Days Inventory for the six months ended in Dec. 2023 was 145.84.

Inventory Turnover measures how fast the company turns over its inventory within a year. Morimatsu International Holdings Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.25.

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. Morimatsu International Holdings Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.57.

Morimatsu International Holdings Co Total Inventories Historical Data

The historical data trend for Morimatsu International Holdings Co's Total Inventories 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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Morimatsu International Holdings Co Total Inventories Chart

Morimatsu International Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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145.32

101.07

170.86

299.75

231.23

Morimatsu International Holdings Co Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial						170.86	193.91	299.75	306.94	231.23

Morimatsu International Holdings Co Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Morimatsu International Holdings Co (FRA:1S5) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Morimatsu International Holdings Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(286.115	+	0.75 * 142.143	+	0.5 * 231.23	-	583.251
-	0	-	1.043)	/	1190.09
=	-0.06

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Morimatsu International Holdings Co's Days Inventory for the six 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
	=	269.086	/	336.724	*	365 / 2
	=	145.84

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Morimatsu International Holdings Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	336.724	/	269.086
	=	1.25

4. 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.

Morimatsu International Holdings Co'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 )
	=	269.086	/	471.138
	=	0.57

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Morimatsu International Holdings Co Total Inventories Related Terms

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Morimatsu International Holdings Co (FRA:1S5) Business Description

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02155:Hong Kong

Address

No. 29 Jinwen Road, Pudong New District, Zhuqiao Town, Shanghai, CHN, 201323

Website

http://www.morimatsu-online.com

Morimatsu International Holdings Co Ltd is a pressure equipment manufacturer and comprehensive pressure equipment solution provider in China. It offers traditional pressure equipment, modular pressure equipment, and pressure equipment-related value-added services. Geographically, the group has a presence in China, North America, Asia, Europe, Africa, and others, from which the majority of revenue derives from China.

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