Ajinomoto Co (TSE:2802) Total Inventories : 円300,706 Mil (As of Dec. 2023)

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What is Ajinomoto Co Total Inventories?

Ajinomoto Co's total inventories for the quarter that ended in Dec. 2023 was 円300,706 Mil. Ajinomoto Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was 円305,879 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Ajinomoto Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was 円-853.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ajinomoto Co's Days Inventory for the three months ended in Dec. 2023 was 116.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ajinomoto Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.78.

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. Ajinomoto Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.81.

Ajinomoto Co Total Inventories Historical Data

The historical data trend for Ajinomoto 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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Ajinomoto Co Total Inventories Chart

Ajinomoto Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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185,036.00

178,636.00

188,664.00

219,356.00

269,822.00

Ajinomoto Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															271,360.00	269,822.00	300,225.00	311,052.00	300,706.00

Ajinomoto 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.

Ajinomoto Co (TSE:2802) 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.

Ajinomoto 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)
=	(245860	+	0.75 * 187168	+	0.5 * 300706	-	918570
-	0	-	61017)	/	519.303
=	-853.06

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

Ajinomoto Co'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
	=	305879	/	239792	*	365 / 4
	=	116.40

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

Ajinomoto 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 )
	=	239792	/	305879
	=	0.78

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.

Ajinomoto 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 )
	=	305879	/	379641
	=	0.81

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.

Ajinomoto Co Total Inventories Related Terms

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Ajinomoto Co (TSE:2802) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ajinomoto Co Inc (TSE:2802) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

AJINY:USA AJINF:USA AJI:Germany

Address

15-1, Kyobashi 1-chome, Chuo-ku, Tokyo, JPN, 104-8315

Website

http://www.ajinomoto.co.jp

Ajinomoto is Japan's leading food company specializing in amino acids and seasonings derived from amino acid fermentation technologies. It also produces processed foods including dry soup mixes, frozen foods, and beverage products. Apart from the consumer business, it is a key supplier of MSG and nucleotides to global food manufacturers including Nestle. The food business represents nearly three fourths of group sales and 80%-plus of profits with nearly two thirds generated overseas. Healthcare and function materials (mainly Ajinomoto build-up film, or ABF), the key growth drivers through 2030, make up the balance of its business portfolio. The nonfood businesses are expected to contribute half of the group profits by 2030, boosted by ABF and CDMO growth.

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