Toyoda Gosei Co (FRA:11T) Inventory Turnover : 2.53 (As of Mar. 2024)

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What is Toyoda Gosei 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. Toyoda Gosei Co's Cost of Goods Sold for the three months ended in Mar. 2024 was €1,393 Mil. Toyoda Gosei Co's Average Total Inventories for the quarter that ended in Mar. 2024 was €550 Mil. Toyoda Gosei Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Toyoda Gosei Co's Days Inventory for the three months ended in Mar. 2024 was 36.05.

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. Toyoda Gosei Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.34.

Toyoda Gosei Co Inventory Turnover Historical Data

The historical data trend for Toyoda Gosei 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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Toyoda Gosei Co Inventory Turnover Chart

Toyoda Gosei Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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11.47

8.75

8.71

8.23

9.12

Toyoda Gosei 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															2.13	2.22	2.34	2.57	2.53

Toyoda Gosei Co Inventory Turnover Calculation

Toyoda Gosei 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 )
=	5607.711	/ (	(692.973	+	537.273)	/	2 )
=	5607.711	/	615.123
=	9.12

Toyoda Gosei Co'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 )
=	1392.854	/ (	(563.41	+	537.273)	/	2 )
=	1392.854	/	550.3415
=	2.53

Toyoda Gosei Co (FRA:11T) 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.

Toyoda Gosei Co'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
	=	550.3415	/	1392.854	*	365 / 4
	=	36.05

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.

Toyoda Gosei Co'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 )
	=	550.3415	/	1638.877
	=	0.34

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.

Toyoda Gosei Co Inventory Turnover Related Terms

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Toyoda Gosei Co (FRA:11T) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Toyoda Gosei Co Ltd (FRA:11T) » Definitions » Inventory Turnover

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Traded in Other Exchanges

TGOSF:USA 7282:Japan

Address

1 Haruhinagahata, Aichi, Kiyosu, JPN, 452-8564

Website

http://www.toyoda-gosei.co.jp

Toyoda Gosei Co Ltd is a manufacturer of resins and rubber parts for automobiles. The company's products fall in three categories: automotive parts, LEDs, and general industry products. The automotive parts segment, making up the lion's share of Toyoda Gosei's generated revenue, produces weather strips, fuel tank and engine peripheral parts, chassis and drivetrain parts, interior and exterior parts, and safety systems such as airbags. In its other business segments, the company produces LEDs for crystal displays, LED light solutions and glass-encapsulated LEDs, air conditioning products, home construction components, and industrial and construction machinery parts.

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