Tecnisco (TSE:2962) Total Inventories : 円1,078 Mil (As of Jun. 2023)

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What is Tecnisco Total Inventories?

Tecnisco's total inventories for the quarter that ended in Jun. 2023 was 円1,078 Mil. Tecnisco's average total inventories from the quarter that ended in Jun. 2022 to the quarter that ended in Jun. 2023 was 円1,088 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tecnisco's Net-Net Working Capital per share for the quarter that ended in Jun. 2023 was 円-233.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tecnisco's Days Inventory for the six months ended in Jun. 2023 was 58.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tecnisco's Inventory Turnover for the quarter that ended in Jun. 2023 was 3.12.

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. Tecnisco's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.20.

Tecnisco Total Inventories Historical Data

The historical data trend for Tecnisco'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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Tecnisco Total Inventories Chart

Tecnisco Annual Data

Trend

Jun21

Jun22

Jun23

Total Inventories

501.15

1,097.99

1,077.93

Tecnisco Semi-Annual Data
	Jun21	Jun22	Jun23
Total Inventories	501.15	1,097.99	1,077.93

Tecnisco 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.

Tecnisco (TSE:2962) 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.

Tecnisco's Net-Net Working Capital Per Share for the quarter that ended in Jun. 2023 is

	Net-Net Working Capital Per Share (Q: Jun. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(845.479	+	0.75 * 1452.27	+	0.5 * 1077.925	-	4531.847
-	0	-	0)	/	8.7981
=	-233.94

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

Tecnisco's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	1087.957	/	3397.135	*	365 / 2
	=	58.45

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

Tecnisco's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2023 )	/	Average Total Inventories (Q: Jun. 2023 )
	=	3397.135	/	1087.957
	=	3.12

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.

Tecnisco's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	1087.957	/	5347.037
	=	0.20

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.

Tecnisco Total Inventories Related Terms

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Tecnisco (TSE:2962) Business Description

Industry

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Traded in Other Exchanges

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Address

2-2-15, Minami-Shinagawa, Shinagawa-ku, Tokyo, JPN, 140-0004

Website

https://www.tecnisco.com

Tecnisco Ltd is engaged in the Precision products business. It manufactures and sells Metal Products, Glass Products, and Drilling tool Products. Its products include Heatsinks, a Display device for projectors and mobile, Single core drills, Double core drills, and silicon products. The company uses Cross-edge technology for its operations.

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