TOUMEI Co (TSE:4439) Total Inventories : 円130 Mil (As of Feb. 2024)

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What is TOUMEI Co Total Inventories?

TOUMEI Co's total inventories for the quarter that ended in Feb. 2024 was 円130 Mil. TOUMEI Co's average total inventories from the quarter that ended in Nov. 2023 to the quarter that ended in Feb. 2024 was 円138 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. TOUMEI Co's Net-Net Working Capital per share for the quarter that ended in Feb. 2024 was 円493.13.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TOUMEI Co's Days Inventory for the three months ended in Feb. 2024 was 3.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. TOUMEI Co's Inventory Turnover for the quarter that ended in Feb. 2024 was 27.84.

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. TOUMEI Co's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.02.

TOUMEI Co Total Inventories Historical Data

The historical data trend for TOUMEI Co'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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TOUMEI Co Total Inventories Chart

TOUMEI Co Annual Data

Trend

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Total Inventories

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116.56

36.48

123.62

175.00

180.20

TOUMEI Co Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Total Inventories	Get a 7-Day Free Trial															244.81	218.75	180.20	146.25	130.34

TOUMEI Co 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.

TOUMEI Co (TSE:4439) 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.

TOUMEI Co's Net-Net Working Capital Per Share for the quarter that ended in Feb. 2024 is

	Net-Net Working Capital Per Share (Q: Feb. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(5386.333	+	0.75 * 3875.095	+	0.5 * 130.343	-	4688.139
-	0	-	0)	/	7.44157
=	493.13

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

TOUMEI Co's Days Inventory for the three months ended in Feb. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Feb. 2024 )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
	=	138.297	/	3849.504	*	365 / 4
	=	3.28

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

TOUMEI Co's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Feb. 2024 )	/	Average Total Inventories (Q: Feb. 2024 )
	=	3849.504	/	138.297
	=	27.84

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.

TOUMEI Co's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Feb. 2024 )	/	Revenue (Q: Feb. 2024 )
	=	138.297	/	5668.671
	=	0.02

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.

TOUMEI Co Total Inventories Related Terms

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TOUMEI Co (TSE:4439) Business Description

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Address

2-1-39, Hatta chome, Mie Prefecture, Yokkaichi, JPN, 510-0001

Website

https://www.toumei.co.jp

TOUMEI Co Ltd is engaged in Office light 119 business, Office solution business, and Financial Planning Business. The company's services include provision of fiber-optic services and ancillary services, sales of information and communications equipment and environmental products, and provision of web services. It also offers insurance brokerage services.

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