The Japan Steel Works (The Japan Steel Works) Total Inventories : $754 Mil (As of Dec. 2023)

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What is The Japan Steel Works Total Inventories?

The Japan Steel Works's total inventories for the quarter that ended in Dec. 2023 was $754 Mil. The Japan Steel Works's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $725 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. The Japan Steel Works's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Japan Steel Works's Days Inventory for the three months ended in Dec. 2023 was 194.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. The Japan Steel Works's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.47.

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. The Japan Steel Works's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.64.

The Japan Steel Works Total Inventories Historical Data

The historical data trend for The Japan Steel Works'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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The Japan Steel Works Total Inventories Chart

The Japan Steel Works Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Inventories

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624.83

672.09

604.38

628.98

678.96

The Japan Steel Works Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															707.80	678.96	697.16	695.61	754.45

The Japan Steel Works 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.

The Japan Steel Works (OTCPK:JPSWY) 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.

The Japan Steel Works'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)
=	(615.843	+	0.75 * 396.44	+	0.5 * 754.451	-	1354.146
-	0	-	10.981)	/	147.191
=	-0.51

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

The Japan Steel Works'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
	=	725.029	/	340.238	*	365 / 4
	=	194.45

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

The Japan Steel Works'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 )
	=	340.238	/	725.029
	=	0.47

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.

The Japan Steel Works'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 )
	=	725.029	/	442.439
	=	1.64

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.

The Japan Steel Works Total Inventories Related Terms

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The Japan Steel Works (The Japan Steel Works) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » The Japan Steel Works Ltd (OTCPK:JPSWY) » Definitions » Total Inventories

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Traded in Other Exchanges

5631:Japan J9R:Germany

Address

Gate City Ohsaki-West Tower, 11-1, Osaki 1-chome, Shinagawa-ku, Tokyo, JPN, 141-0032

Website

http://www.jsw.co.jp

The Japan Steel Works Ltd is a Japan-based company that primarily operates through two segments. The steel and energy products segment provides steel components for turbine shafts, steel components for nuclear reactors, steel casting for power plant turbines, oil refining equipment, high-pressure steel tankers, wind turbine systems, and various other steel products. The industrial machinery products segment offers polyolefin pelletizers, injection molding machines, extruders, film and sheet machines, blow molding machines, defense equipment, and other industrial machinery and related services and solutions. The company generates the majority of its sales from Japan and China.