Takasago Thermal Engineering Co (TSE:1969) Inventory Turnover : 19.59 (As of Mar. 2024)

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What is Takasago Thermal Engineering 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. Takasago Thermal Engineering Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円82,446 Mil. Takasago Thermal Engineering Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円4,208 Mil. Takasago Thermal Engineering Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 19.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Takasago Thermal Engineering Co's Days Inventory for the three months ended in Mar. 2024 was 4.66.

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. Takasago Thermal Engineering Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

Takasago Thermal Engineering Co Inventory Turnover Historical Data

The historical data trend for Takasago Thermal Engineering 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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Takasago Thermal Engineering Co Inventory Turnover Chart

Takasago Thermal Engineering Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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59.79

52.78

68.22

89.18

82.15

Takasago Thermal Engineering 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															23.40	19.14	17.84	18.35	19.59

Takasago Thermal Engineering Co Inventory Turnover Calculation

Takasago Thermal Engineering 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 )
=	303419	/ (	(3330	+	4057)	/	2 )
=	303419	/	3693.5
=	82.15

Takasago Thermal Engineering 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 )
=	82446	/ (	(4359	+	4057)	/	2 )
=	82446	/	4208
=	19.59

Takasago Thermal Engineering Co (TSE:1969) 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.

Takasago Thermal Engineering 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
	=	4208	/	82446	*	365 / 4
	=	4.66

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.

Takasago Thermal Engineering 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 )
	=	4208	/	99634
	=	0.04

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.

Takasago Thermal Engineering Co Inventory Turnover Related Terms

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Takasago Thermal Engineering Co (TSE:1969) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Takasago Thermal Engineering Co Ltd (TSE:1969) » Definitions » Inventory Turnover

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Address

6-27-30, Shinjuku, Shinjuku-ku, Tokyo, JPN, 160-0022

Website

http://www.tte-net.co.jp

Takasago Thermal Engineering is a Japan-based company that designs, constructs, manufactures, and installs heating, ventilation, and air conditioning, or HVAC, systems, clean room and related systems, plumbing and sanitation systems, cogeneration systems, electrical systems, instrumentation systems, equipment diagnosis/failure diagnosis systems, dehumidifying/drying systems, vacuum conveying systems for waste, discharged-heat recovery systems, heating/cooling systems, refrigerating/freezing systems, other types of environmental control systems and thermal engineering systems, and so on. In addition, the company is engaged in coordinating construction work, security, and cleaning, with further focuses on energy supply, power generation, and water treatment.

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