Current Motor (TSE:7690) Total Inventories : 円628 Mil (As of Oct. 2023)

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What is Current Motor Total Inventories?

Current Motor's total inventories for the quarter that ended in Oct. 2023 was 円628 Mil. Current Motor's average total inventories from the quarter that ended in Apr. 2023 to the quarter that ended in Oct. 2023 was 円601 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Current Motor's Net-Net Working Capital per share for the quarter that ended in Oct. 2023 was 円260.96.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Current Motor's Days Inventory for the six months ended in Oct. 2023 was 28.80.

Inventory Turnover measures how fast the company turns over its inventory within a year. Current Motor's Inventory Turnover for the quarter that ended in Oct. 2023 was 6.34.

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. Current Motor's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 0.13.

Current Motor Total Inventories Historical Data

The historical data trend for Current Motor'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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Current Motor Total Inventories Chart

Current Motor Annual Data

Trend

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Total Inventories

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178.14

343.35

399.28

942.19

627.52

Current Motor Semi-Annual Data
	Oct18	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Total Inventories	Get a 7-Day Free Trial					399.28	501.81	942.19	575.02	627.52

Current Motor 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.

Current Motor (TSE:7690) 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.

Current Motor's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2023 is

	Net-Net Working Capital Per Share (Q: Oct. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1329.987	+	0.75 * 147.279	+	0.5 * 627.521	-	1595.64
-	0	-	5.124)	/	0.588
=	260.96

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

Current Motor's Days Inventory for the six months ended in Oct. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2023 )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
	=	601.2715	/	3810.515	*	365 / 2
	=	28.80

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

Current Motor's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Oct. 2023 )	/	Average Total Inventories (Q: Oct. 2023 )
	=	3810.515	/	601.2715
	=	6.34

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.

Current Motor's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	601.2715	/	4792.549
	=	0.13

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.

Current Motor Total Inventories Related Terms

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Current Motor (TSE:7690) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Current Motor Corp (TSE:7690) » Definitions » Total Inventories

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Address

4-1-19 Utsukushigaoka, Aoba-ku, Kanagawa Prefecture, Yokohama-Shi, JPN, 225-0002

Website

https://www.currentmotor.co.jp

Current Motor Corp is engaged in sale and purchase of various car models. The company also provides repair and maintenance business and provide specialized parts for imported cars.

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