Tsubota Laboratory (TSE:4890) Inventory Turnover : 1.55 (As of Dec. 2023)

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What is Tsubota Laboratory 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. Tsubota Laboratory's Cost of Goods Sold for the three months ended in Dec. 2023 was 円513.3 Mil. Tsubota Laboratory's Average Total Inventories for the quarter that ended in Dec. 2023 was 円331.7 Mil. Tsubota Laboratory's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tsubota Laboratory's Days Inventory for the three months ended in Dec. 2023 was 58.97.

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. Tsubota Laboratory's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.66.

Tsubota Laboratory Inventory Turnover Historical Data

The historical data trend for Tsubota Laboratory'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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Tsubota Laboratory Inventory Turnover Chart

Tsubota Laboratory Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

1.48

0.48

0.32

0.71

2.04

Tsubota Laboratory Quarterly Data
	Mar20	Mar21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial							0.16	0.09	0.25	1.55	0.04

Tsubota Laboratory Inventory Turnover Calculation

Tsubota Laboratory'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 )
=	652.153	/ (	(355.143	+	285.5)	/	2 )
=	652.153	/	320.3215
=	2.04

Tsubota Laboratory'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 )
=	513.299	/ (	(371.21	+	292.2)	/	2 )
=	513.299	/	331.705
=	1.55

Tsubota Laboratory (TSE:4890) 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.

Tsubota Laboratory'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
	=	331.705	/	513.299	*	365 / 4
	=	58.97

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.

Tsubota Laboratory'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 )
	=	331.705	/	124.711
	=	2.66

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.

Tsubota Laboratory Inventory Turnover Related Terms

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Tsubota Laboratory (TSE:4890) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tsubota Laboratory Inc (TSE:4890) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

34 Shinanomachi, 304 Toshin Shinanomachi-ekimae Building, Shinjuku-ku, Tokyo, JPN, 160-0016

Website

https://tsubota-lab.com

Tsubota Laboratory Inc is engaged in the research and development of pharmaceuticals and medical devices for the treatment of myopia, dry eyes, and presbyopia.

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