JTEC (TSE:3446) Total Inventories : 円420 Mil (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is JTEC Total Inventories?

JTEC's total inventories for the quarter that ended in Mar. 2024 was 円420 Mil. JTEC's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was 円378 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. JTEC's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was 円8.47.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. JTEC's Days Inventory for the three months ended in Mar. 2024 was 300.03.

Inventory Turnover measures how fast the company turns over its inventory within a year. JTEC's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.30.

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. JTEC's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.42.

JTEC Total Inventories Historical Data

The historical data trend for JTEC'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.

* Premium members only.

JTEC Total Inventories Chart

JTEC Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

Get a 7-Day Free Trial

97.54

170.02

147.06

255.93

273.30

JTEC Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															339.57	273.30	279.08	336.70	420.13

JTEC 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.

JTEC (TSE:3446) 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.

JTEC's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(574.45	+	0.75 * 170.309	+	0.5 * 420.133	-	862.432
-	0	-	0)	/	5.87903
=	8.47

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

JTEC'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
	=	378.414	/	115.088	*	365 / 4
	=	300.03

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

JTEC's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	115.088	/	378.414
	=	0.30

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.

JTEC'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 )
	=	378.414	/	265.842
	=	1.42

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.

JTEC Total Inventories Related Terms

Thank you for viewing the detailed overview of JTEC's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.

JTEC (TSE:3446) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » JTEC Corporation (TSE:3446) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

2-5-38 Saito-Yamabuki, Ibaraki-shi, Osaka, JPN, 567-0086

Website

https://www.j-tec.co.jp

JTEC Corporation is engaged in developing, designing, manufacturing and sales of Automated Cell Culture System; X-ray Mirrors for Synchrotron Facilities; and Automated System in various fields. Its products in optical business include Kirkpatrick-Baez (KB) mirror, Advanced KB mirror (1D Wolter mirror), Montel mirror, Ellipsoidal mirror, 2D Walter mirror, Deformable mirror, Multi-channel mirror, X-ray focusing alignment system (JM1000 / 2000 series), Additional mirror shaping improvement, and Mirror coating. Its products in life science include CELLFLOAT products and Automated Cell Culture Systems.

JTEC (TSE:3446) Headlines

No Headlines