Hino Motors (TSE:7205) Total Inventories : 円323,676 Mil (As of Dec. 2023)

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What is Hino Motors Total Inventories?

Hino Motors's total inventories for the quarter that ended in Dec. 2023 was 円323,676 Mil. Hino Motors's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was 円322,154 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Hino Motors's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was 円-1,028.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hino Motors's Days Inventory for the three months ended in Dec. 2023 was 90.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. Hino Motors's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.01.

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. Hino Motors's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.83.

Hino Motors Total Inventories Historical Data

The historical data trend for Hino Motors'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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Hino Motors Total Inventories Chart

Hino Motors Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Total Inventories

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262,053.00

200,662.00

226,136.00

278,503.00

330,614.00

Hino Motors 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															278,503.00	305,769.00	320,631.00	323,676.00	330,614.00

Hino Motors 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.

Hino Motors (TSE:7205) 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.

Hino Motors'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)
=	(86802	+	0.75 * 263303	+	0.5 * 323676	-	967196
-	0	-	69302)	/	574.027
=	-1,028.49

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

Hino Motors'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
	=	322153.5	/	325520	*	365 / 4
	=	90.31

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

Hino Motors'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 )
	=	325520	/	322153.5
	=	1.01

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.

Hino Motors'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 )
	=	322153.5	/	386124
	=	0.83

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.

Hino Motors Total Inventories Related Terms

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Hino Motors (TSE:7205) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Hino Motors Ltd (TSE:7205) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

HINOY:USA HMO:Germany

Address

1-1 Hinodai 3-chome, Hino-shi, Tokyo, JPN

Website

http://www.hino-global.com

Hino Motors Ltd is a Japanese automobile manufacturer, and a subsidiary of Toyota Motor. The company primarily manufactures and sells medium and heavy commercial vehicles, such as trucks and buses, and light commercial vehicles under the Hino brand. These operations contribute the majority of consolidated revenue. In addition, Hino manufactures passenger vehicles under the Toyota brand, along with engines and spare parts. Domestic sales represent the largest share of Hino's revenue, with Asia excluding Japan the next most significant contributor.

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