Horiba (TSE:6856) Total Inventories : 円109,806 Mil (As of Jun. 2024)

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What is Horiba Total Inventories?

Horiba's total inventories for the quarter that ended in Jun. 2024 was 円109,806 Mil. Horiba's average total inventories from the quarter that ended in Mar. 2024 to the quarter that ended in Jun. 2024 was 円107,534 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Horiba's Net-Net Working Capital per share for the quarter that ended in Jun. 2024 was 円1,856.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Horiba's Days Inventory for the three months ended in Jun. 2024 was 235.79.

Inventory Turnover measures how fast the company turns over its inventory within a year. Horiba's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.39.

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. Horiba's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.48.

Horiba Total Inventories Historical Data

The historical data trend for Horiba'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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Horiba Total Inventories Chart

Horiba Annual Data

Trend

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Total Inventories

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51,612.00

49,250.00

53,113.00

75,271.00

99,473.00

Horiba Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Total Inventories	Get a 7-Day Free Trial															103,949.00	99,473.00	105,262.00	109,806.00	-

Horiba 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.

Horiba (TSE:6856) 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.

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

	Net-Net Working Capital Per Share (Q: Jun. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(136404	+	0.75 * 69568	+	0.5 * 109806	-	165571
-	0	-	17)	/	41.9526
=	1,856.74

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

Horiba's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	107534	/	41616	*	365 / 4
	=	235.79

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

Horiba's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Jun. 2024 )	/	Average Total Inventories (Q: Jun. 2024 )
	=	41616	/	107534
	=	0.39

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.

Horiba's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	107534	/	72468
	=	1.48

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.

Horiba Total Inventories Related Terms

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Horiba Business Description

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HRIBF:USA 01H:Germany

Address

2, Miyanohigashi-cho, Kisshoin, Minami-ku, Kyoto, JPN, 601-8510

Website

http://www.horiba.co.jp

Horiba Ltd provides analytical and measurement equipment. The automotive test systems segment contributes the largest percentage of revenue and supplies engine, driveline, brake, wind tunnel balance, and emissions test systems. The scientific segment sells instruments like pH meters, X-ray microscopes, and spectrometers. The semiconductor segment supplies mass flow controllers that are used in the semiconductor manufacturing process. The medical-diagnostic segment sells blood testing instruments and reagents for the in vitro diagnostics market. The process and environmental segment provides solutions associated with environmental regulations, such as air-pollution and water-quality analyzers. Horiba generates the largest proportion of its sales in Japan.

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