Tokyu Construction Co (TSE:1720) Inventory Turnover : 7.01 (As of Dec. 2023)

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What is Tokyu Construction 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. Tokyu Construction Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円65,585 Mil. Tokyu Construction Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円9,354 Mil. Tokyu Construction Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tokyu Construction Co's Days Inventory for the three months ended in Dec. 2023 was 13.01.

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. Tokyu Construction Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.13.

Tokyu Construction Co Inventory Turnover Historical Data

The historical data trend for Tokyu Construction 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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Tokyu Construction Co Inventory Turnover Chart

Tokyu Construction Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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12.70

10.96

17.19

27.22

24.04

Tokyu Construction 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															7.45	5.54	6.27	7.01	6.10

Tokyu Construction Co Inventory Turnover Calculation

Tokyu Construction 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 )
=	259598	/ (	(8777	+	12824)	/	2 )
=	259598	/	10800.5
=	24.04

Tokyu Construction 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 )
=	65585	/ (	(8551	+	10157)	/	2 )
=	65585	/	9354
=	7.01

Tokyu Construction Co (TSE:1720) 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.

Tokyu Construction 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
	=	9354	/	65585	*	365 / 4
	=	13.01

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.

Tokyu Construction 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 )
	=	9354	/	70517
	=	0.13

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.

Tokyu Construction Co Inventory Turnover Related Terms

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Tokyu Construction Co (TSE:1720) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tokyu Construction Co Ltd (TSE:1720) » Definitions » Inventory Turnover

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Traded in Other Exchanges

TCW:Germany

Address

1-16-14, Shibuya, Shibuya-ku, Tokyo, JPN, 150-8340

Website

http://www.tokyu-cnst.co.jp

Tokyu Construction is a Japan-based company that provides various construction-related services. The company's services include civil engineering and building construction, investigation, construction planning, geological surveying, consultancy services, measurement, designing, building maintenance and supervision, real estate leasing, and worker dispatching. Its construction activities encompass educational facilities, offices, hotels, commercial facilities, environmental improvement facilities, care facilities, hospitals, logistics facilities, factories, roads, sports facilities, airports, and so on.

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