Toyota Boshoku (TSE:3116) Inventory Turnover : 5.04 (As of Mar. 2024)

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What is Toyota Boshoku 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. Toyota Boshoku's Cost of Goods Sold for the three months ended in Mar. 2024 was 円433,299 Mil. Toyota Boshoku's Average Total Inventories for the quarter that ended in Mar. 2024 was 円86,009 Mil. Toyota Boshoku's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Toyota Boshoku's Days Inventory for the three months ended in Mar. 2024 was 18.11.

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. Toyota Boshoku's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.18.

Toyota Boshoku Inventory Turnover Historical Data

The historical data trend for Toyota Boshoku'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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Toyota Boshoku Inventory Turnover Chart

Toyota Boshoku Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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18.56

17.52

18.00

17.36

20.34

Toyota Boshoku 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															4.34	4.73	4.60	4.92	5.04

Toyota Boshoku Inventory Turnover Calculation

Toyota Boshoku'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 )
=	1742152	/ (	(87684	+	83648)	/	2 )
=	1742152	/	85666
=	20.34

Toyota Boshoku'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 )
=	433299	/ (	(88370	+	83648)	/	2 )
=	433299	/	86009
=	5.04

Toyota Boshoku (TSE:3116) 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.

Toyota Boshoku'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
	=	86009	/	433299	*	365 / 4
	=	18.11

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.

Toyota Boshoku'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 )
	=	86009	/	482446
	=	0.18

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.

Toyota Boshoku Inventory Turnover Related Terms

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Toyota Boshoku (TSE:3116) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Toyota Boshoku Corp (TSE:3116) » Definitions » Inventory Turnover

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TDBOF:USA TY7:Germany

Address

1-1 Toyoda cho, Kariya Aichi, JPN, 448-8651

Website

http://www.toyota-boshoku.co.jp

Toyota Boshoku Corp is a manufacturer of automobile parts. The company produces seats, seat frames, door trims, floor carpets, silencers, air induction systems, air and oil filters, seat belts, seat fabrics, fender liners, and airbags for automobiles. Toyota Boshoku also produces aircraft seats and railway seats. The company generates the majority of its revenue in Japan.

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