Tokyo Ohka Kogyo Co (TSE:4186) Inventory Turnover : 0.88 (As of Mar. 2024)

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What is Tokyo Ohka Kogyo 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. Tokyo Ohka Kogyo Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円29,276 Mil. Tokyo Ohka Kogyo Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円33,200 Mil. Tokyo Ohka Kogyo Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tokyo Ohka Kogyo Co's Days Inventory for the three months ended in Mar. 2024 was 103.48.

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. Tokyo Ohka Kogyo Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.74.

Tokyo Ohka Kogyo Co Inventory Turnover Historical Data

The historical data trend for Tokyo Ohka Kogyo 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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Tokyo Ohka Kogyo Co Inventory Turnover Chart

Tokyo Ohka Kogyo Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.01

4.35

4.64

4.37

3.31

Tokyo Ohka Kogyo 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															0.80	0.77	0.82	0.83	0.88

Tokyo Ohka Kogyo Co Inventory Turnover Calculation

Tokyo Ohka Kogyo Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	104320	/ (	(30004	+	33081)	/	2 )
=	104320	/	31542.5
=	3.31

Tokyo Ohka Kogyo 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 )
=	29276	/ (	(33081	+	33318)	/	2 )
=	29276	/	33199.5
=	0.88

Tokyo Ohka Kogyo Co (TSE:4186) 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.

Tokyo Ohka Kogyo 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
	=	33199.5	/	29276	*	365 / 4
	=	103.48

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.

Tokyo Ohka Kogyo 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 )
	=	33199.5	/	45017
	=	0.74

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.

Tokyo Ohka Kogyo Co Inventory Turnover Related Terms

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Tokyo Ohka Kogyo Co (TSE:4186) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tokyo Ohka Kogyo Co Ltd (TSE:4186) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

150 Nakamaruko, Nakahara-ku, Kanagawa, Kawasaki, JPN, 211-0012

Website

http://www.tok.co.jp

Tokyo Ohka Kogyo Co Ltd is a Japan-based company that manufactures functional materials and processing equipment. The processing equipment sold by the firm are primarily used in the manufacturing of semiconductors and liquid crystal display products. The materials used in the manufacturing of these products are also sold by the company, particularly for the photolithography process. The firm also sells inorganic and organic chemicals. Tokyo Ohka Kogyo has manufacturing facilities in the United States, Taiwan, China, and South Korea.

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