Sumitomo Heavy Industries (STU:SSM1) Inventory Turnover : 0.56 (As of Mar. 2024)

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What is Sumitomo Heavy Industries Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Sumitomo Heavy Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was €1,168 Mil. Sumitomo Heavy Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was €2,090 Mil. Sumitomo Heavy Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Sumitomo Heavy Industries's Days Inventory for the three months ended in Mar. 2024 was 163.22.

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. Sumitomo Heavy Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.34.

Sumitomo Heavy Industries Inventory Turnover Historical Data

The historical data trend for Sumitomo Heavy Industries's Inventory Turnover 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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Sumitomo Heavy Industries Inventory Turnover Chart

Sumitomo Heavy Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Dec23

Inventory Turnover

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3.96

3.53

3.17

3.37

2.96

Sumitomo Heavy Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.64	0.63	0.59	0.72	0.56

Sumitomo Heavy Industries Inventory Turnover Calculation

Sumitomo Heavy Industries's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	5262.511	/ (	(1777.599	+	0)	/	1 )
=	5262.511	/	1777.599
=	2.96

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1168.212	/ (	(2044.956	+	2134.27)	/	2 )
=	1168.212	/	2089.613
=	0.56

Sumitomo Heavy Industries (STU:SSM1) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Sumitomo Heavy Industries'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
	=	2089.613	/	1168.212	*	365 / 4
	=	163.22

2. 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.

Sumitomo Heavy Industries'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 )
	=	2089.613	/	1564.733
	=	1.34

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Sumitomo Heavy Industries Inventory Turnover Related Terms

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Sumitomo Heavy Industries (STU:SSM1) Business Description

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SOHVY:USA 6302:Japan

Address

ThinkPark Tower, 1-1 Osaki 2-chome, Shinagawa-ku, Tokyo, JPN, 141-6025

Website

http://www.shi.co.jp

Sumitomo Heavy Industries Ltd develops and manufactures a range of industrial machinery, from gearboxes to ships and large-scale plants. It offers power transmission and control systems, molding machinery, mobile cranes, turbines, and other industrial systems to optimize production. The company has six operating segments: machinery components, precision machinery, construction machinery, industrial machinery, ships, and environmental facilities and plants. Its segments collaborate, utilize research and development, and look for synergies to create new technologies or build on existing components. Japan accounts for approximately half of total revenue, with the remainder split between the United States, China, and other areas.

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