Tokyo Century (TSE:8439) Inventory Turnover : 9.45 (As of Dec. 2023)

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What is Tokyo Century 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 Century's Cost of Goods Sold for the three months ended in Dec. 2023 was 円252,828 Mil. Tokyo Century's Average Total Inventories for the quarter that ended in Dec. 2023 was 円26,760 Mil. Tokyo Century's Inventory Turnover for the quarter that ended in Dec. 2023 was 9.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tokyo Century's Days Inventory for the three months ended in Dec. 2023 was 9.66.

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. Tokyo Century's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.08.

Tokyo Century Inventory Turnover Historical Data

The historical data trend for Tokyo Century'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 Century Inventory Turnover Chart

Tokyo Century Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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101.48

106.87

89.94

53.00

33.70

Tokyo Century 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															12.01	9.90	11.65	9.45	8.64

Tokyo Century Inventory Turnover Calculation

Tokyo Century'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 )
=	1092926	/ (	(28147	+	36712)	/	2 )
=	1092926	/	32429.5
=	33.70

Tokyo Century'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 )
=	252828	/ (	(25371	+	28149)	/	2 )
=	252828	/	26760
=	9.45

Tokyo Century (TSE:8439) 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 Century'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
	=	26760	/	252828	*	365 / 4
	=	9.66

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.

Tokyo Century'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 )
	=	26760	/	317905
	=	0.08

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 Century Inventory Turnover Related Terms

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Tokyo Century (TSE:8439) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Tokyo Century Corp (TSE:8439) » Definitions » Inventory Turnover

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Traded in Other Exchanges

59O:Germany

Address

World Trade Center Building, 4-1 Hamamatsu-cho 2-chome, Minato-ku, Tokyo, JPN, 1056110

Website

https://www.tokyocentury.co.jp

Century Tokyo Leasing Corp is a provider of various leasing and financing solutions. The company offers finance leases and operating leases, automobile leasing, instalment sales, real estate financing, ship financing, aviation financing, and account receivable financing and securitization. Century Tokyo Leasing specialises in information technology related equipment leasing as well as industrial equipment and machinery. The largest end markets for Century Tokyo Leasing are Japan and Ireland.

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