Mitsubishi Materials (TSE:5711) Inventory Turnover : 0.74 (As of Dec. 2023)

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What is Mitsubishi Materials 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. Mitsubishi Materials's Cost of Goods Sold for the three months ended in Dec. 2023 was 円330,691 Mil. Mitsubishi Materials's Average Total Inventories for the quarter that ended in Dec. 2023 was 円448,093 Mil. Mitsubishi Materials's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mitsubishi Materials's Days Inventory for the three months ended in Dec. 2023 was 123.65.

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 Materials's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.23.

Mitsubishi Materials Inventory Turnover Historical Data

The historical data trend for Mitsubishi Materials'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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Mitsubishi Materials Inventory Turnover Chart

Mitsubishi Materials Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.85

3.59

3.84

3.48

3.45

Mitsubishi Materials 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															0.79	0.82	0.73	0.74	0.95

Mitsubishi Materials Inventory Turnover Calculation

Mitsubishi Materials's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	1392498	/ (	(377674	+	428500)	/	2 )
=	1392498	/	403087
=	3.45

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	330691	/ (	(444298	+	451887)	/	2 )
=	330691	/	448092.5
=	0.74

Mitsubishi Materials (TSE:5711) 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.

Mitsubishi Materials'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
	=	448092.5	/	330691	*	365 / 4
	=	123.65

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.

Mitsubishi Materials'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 )
	=	448092.5	/	365386
	=	1.23

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.

Mitsubishi Materials Inventory Turnover Related Terms

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Mitsubishi Materials (TSE:5711) Business Description

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MUJ:Germany

Address

3-2, Otemachi 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8117

Website

http://www.mmc.co.jp/corporate/ja/index.html

Mitsubishi Materials Corp has operations across thirty countries and multiple divisions, including cement, metals, advanced materials and tools, electronic materials and components, and aluminum. The metals division, which accounts for roughly half of group revenue, is engaged in copper mine development, smelting, and processing, along with the production and sales of precious metals. The cement business is the group's second- largest division, engaged in the production and sale of Portland cement, ready-mixed concrete, and other cement-related products. The aluminum division manufactures aluminum beverage cans, rolled aluminum products, and processed products.

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