Tsubota Laboratory (TSE:4890) Total Inventories : 円292.2 Mil (As of Dec. 2023)

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What is Tsubota Laboratory Total Inventories?

Tsubota Laboratory's total inventories for the quarter that ended in Dec. 2023 was 円292.2 Mil. Tsubota Laboratory's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was 円331.7 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Tsubota Laboratory's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was 円27.63.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tsubota Laboratory's Days Inventory for the three months ended in Dec. 2023 was 58.97.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tsubota Laboratory's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.55.

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. Tsubota Laboratory's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.66.

Tsubota Laboratory Total Inventories Historical Data

The historical data trend for Tsubota Laboratory'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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Tsubota Laboratory Total Inventories Chart

Tsubota Laboratory Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Total Inventories

111.18

223.33

308.56

355.14

285.50

Tsubota Laboratory Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial							355.14	392.10	371.21	292.20	285.50

Tsubota Laboratory 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.

Tsubota Laboratory (TSE:4890) 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.

Tsubota Laboratory'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)
=	(1509.047	+	0.75 * 0.837	+	0.5 * 292.2	-	949.122
-	0	-	0)	/	25.5775
=	27.63

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

Tsubota Laboratory'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
	=	331.705	/	513.299	*	365 / 4
	=	58.97

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

Tsubota Laboratory'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 )
	=	513.299	/	331.705
	=	1.55

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.

Tsubota Laboratory'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 )
	=	331.705	/	124.711
	=	2.66

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.

Tsubota Laboratory Total Inventories Related Terms

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Tsubota Laboratory (TSE:4890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tsubota Laboratory Inc (TSE:4890) » Definitions » Total Inventories

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Traded in Other Exchanges

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Address

34 Shinanomachi, 304 Toshin Shinanomachi-ekimae Building, Shinjuku-ku, Tokyo, JPN, 160-0016

Website

https://tsubota-lab.com

Tsubota Laboratory Inc is engaged in the research and development of pharmaceuticals and medical devices for the treatment of myopia, dry eyes, and presbyopia.

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