Tokushu Tokai Paper Co (TSE:3708) Inventory Turnover : 1.43 (As of Dec. 2023)

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What is Tokushu Tokai Paper 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. Tokushu Tokai Paper Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円19,448 Mil. Tokushu Tokai Paper Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円13,600 Mil. Tokushu Tokai Paper Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tokushu Tokai Paper Co's Days Inventory for the three months ended in Dec. 2023 was 63.81.

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. Tokushu Tokai Paper Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.61.

Tokushu Tokai Paper Co Inventory Turnover Historical Data

The historical data trend for Tokushu Tokai Paper 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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Tokushu Tokai Paper Co Inventory Turnover Chart

Tokushu Tokai Paper Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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7.05

6.56

6.44

6.89

6.37

Tokushu Tokai Paper Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.65	1.48	1.35	1.41	1.43

Tokushu Tokai Paper Co Inventory Turnover Calculation

Tokushu Tokai Paper Co's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	75332	/ (	(10398	+	13246)	/	2 )
=	75332	/	11822
=	6.37

Tokushu Tokai Paper Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	19448	/ (	(13672	+	13528)	/	2 )
=	19448	/	13600
=	1.43

Tokushu Tokai Paper Co (TSE:3708) 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.

Tokushu Tokai Paper Co'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
	=	13600	/	19448	*	365 / 4
	=	63.81

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.

Tokushu Tokai Paper Co'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 )
	=	13600	/	22293
	=	0.61

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.

Tokushu Tokai Paper Co Inventory Turnover Related Terms

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Tokushu Tokai Paper Co (TSE:3708) Business Description

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GURUFOCUS.COM » STOCK LIST » Basic Materials » Forest Products » Tokushu Tokai Paper Co Ltd (TSE:3708) » Definitions » Inventory Turnover

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Address

Zyouwa Yaesu Build 6F, Tokyo, JPN

Website

http://www.tt-paper.co.jp

Tokushu Tokai Paper Co Ltd manufactures and sells a variety of paper products. The company organizes itself into three primary divisions based on product type. The special-use paper division sells specialized paper that is used for food packaging, art printing, and securities protection. The industrial paper division sells paper that is used for fresh vegetable and cosmetic packaging, as well as water repellent paper. The household products division sells coffee and tea filter paper as well as other paper products used for cooking.

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