Mitsui-Soko Holdings Co (TSE:9302) Inventory Turnover : 29.10 (As of Mar. 2024)

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What is Mitsui-Soko Holdings Co 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. Mitsui-Soko Holdings Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円54,325 Mil. Mitsui-Soko Holdings Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円1,867 Mil. Mitsui-Soko Holdings Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 29.10.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Mitsui-Soko Holdings Co's Days Inventory for the three months ended in Mar. 2024 was 3.14.

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. Mitsui-Soko Holdings Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Mitsui-Soko Holdings Co Inventory Turnover Historical Data

The historical data trend for Mitsui-Soko Holdings Co'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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Mitsui-Soko Holdings Co Inventory Turnover Chart

Mitsui-Soko Holdings Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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330.29

283.24

177.80

126.68

110.52

Mitsui-Soko Holdings Co 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															25.79	29.60	34.73	34.59	29.10

Mitsui-Soko Holdings Co Inventory Turnover Calculation

Mitsui-Soko Holdings Co'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 )
=	220264	/ (	(1999	+	1987)	/	2 )
=	220264	/	1993
=	110.52

Mitsui-Soko Holdings Co'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 )
=	54325	/ (	(1747	+	1987)	/	2 )
=	54325	/	1867
=	29.10

Mitsui-Soko Holdings Co (TSE:9302) 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.

Mitsui-Soko Holdings Co'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
	=	1867	/	54325	*	365 / 4
	=	3.14

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.

Mitsui-Soko Holdings Co'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 )
	=	1867	/	63128
	=	0.03

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.

Mitsui-Soko Holdings Co Inventory Turnover Related Terms

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Mitsui-Soko Holdings Co (TSE:9302) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Mitsui-Soko Holdings Co Ltd (TSE:9302) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

3-22-23, Kaigan, Minato-ku, Tokyo, JPN, 108-0022

Website

http://www.mitsui-soko.com/

Mitsui-Soko Holdings Co Ltd is a Japan-based company engaged in the logistics business. The company operates through two segments namely Logistics and Real estate. Its Logistics segments provide services such as warehousing, port-related work, and operations to shipping companies, multimodal transportation provided by overseas group companies, airfreight transportation, third-party logistics, outsourcing services, supply chain management support services, and land transportation. The Real estate segment renders services centered on building lease.

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