Tokai Holdings (TSE:3167) Inventory Turnover : 5.16 (As of Mar. 2024)

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What is Tokai Holdings 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. Tokai Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was 円40,713 Mil. Tokai Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was 円7,893 Mil. Tokai Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 5.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tokai Holdings's Days Inventory for the three months ended in Mar. 2024 was 17.69.

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. Tokai Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.12.

Tokai Holdings Inventory Turnover Historical Data

The historical data trend for Tokai Holdings'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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Tokai Holdings Inventory Turnover Chart

Tokai Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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20.74

20.47

21.41

20.14

18.53

Tokai Holdings 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															4.65	4.02	3.66	4.22	5.16

Tokai Holdings Inventory Turnover Calculation

Tokai Holdings'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 )
=	141562	/ (	(8167	+	7116)	/	2 )
=	141562	/	7641.5
=	18.53

Tokai Holdings'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 )
=	40713	/ (	(8670	+	7116)	/	2 )
=	40713	/	7893
=	5.16

Tokai Holdings (TSE:3167) 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.

Tokai Holdings'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
	=	7893	/	40713	*	365 / 4
	=	17.69

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.

Tokai Holdings'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 )
	=	7893	/	66837
	=	0.12

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.

Tokai Holdings Inventory Turnover Related Terms

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Tokai Holdings (TSE:3167) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Tokai Holdings Corp (TSE:3167) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

2-6-8, Tokiwa-Cho, Aoi-ku, Shizuoka Prefecture, Shizuoka, JPN, 5008828

Website

http://www.tokaiholdings.co.jp

Tokai Holdings Corp is engaged in miscellaneous business operations. The scope of its activities includes energy, residential real estate and cable television. The energy business relates to the sale of liquefied petroleum gas, liquefied natural gas, oil products, high-pressure gas such as oxygen and nitrogen. The real estate division is responsible for the construction and design of residential buildings and stores. The communication division is engaged in software development, information processing service, optical fiber leasing, data transmission, and the sale of asymmetric digital subscriber line.

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