Mitsubishi Electric (Mitsubishi Electric) Change In Inventory : $-421 Mil (TTM As of Dec. 2023)

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What is Mitsubishi Electric Change In Inventory?

Mitsubishi Electric's change in inventory for the quarter that ended in Dec. 2023 was $-305 Mil. It means Mitsubishi Electric's inventory increased by $305 Mil from Sep. 2023 to Dec. 2023 .

Mitsubishi Electric's change in inventory for the fiscal year that ended in Mar. 2023 was $-1,678 Mil. It means Mitsubishi Electric's inventory increased by $1,678 Mil from Mar. 2022 to Mar. 2023 .

Mitsubishi Electric's Total Inventories for the quarter that ended in Dec. 2023 was $9,296 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mitsubishi Electric's Days Inventory for the quarter that ended in Dec. 2023 was 137.80.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mitsubishi Electric's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.66.

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. Mitsubishi Electric's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.05.

Mitsubishi Electric Change In Inventory Historical Data

The historical data trend for Mitsubishi Electric's Change In Inventory 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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Mitsubishi Electric Change In Inventory Chart

Mitsubishi Electric Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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-744.24

171.86

-258.65

-1,546.97

-1,677.83

Mitsubishi Electric Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-887.39	232.55	-563.29	214.27	-304.92

Mitsubishi Electric Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-421 Mil.

Mitsubishi Electric (OTCPK:MIELY) Change In Inventory Explanation

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

Mitsubishi Electric's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	9088.382	/	6018.321	*	365 / 4
	=	137.80

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

Mitsubishi Electric's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6018.321	/	9088.382
	=	0.66

3. 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.

Mitsubishi Electric's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9088.382	/	8639.547
	=	1.05

Mitsubishi Electric Change In Inventory Related Terms

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Mitsubishi Electric (Mitsubishi Electric) Business Description

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MIELF:USA 6503:Japan MIE1:Germany

Address

Tokyo Building, 2-7-3, Marunouchi, Chiyoda-ku, Tokyo, JPN, 100-8310

Website

https://www.mitsubishielectric.com

Mitsubishi Electric is a general electric diversified industrials company that develops, manufactures and sells electrical equipment worldwide. The company's core segments include: industrial automation systems, energy and electric systems, electric devices, information and communication systems, and home appliances (which includes commercial air conditioning). Mitsubishi Electric was founded in 1921 and is headquartered in Tokyo.