Tokyo Chuo Auction Holdings (HKSE:01939) Inventory Turnover : 0.02 (As of Sep. 2023)

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What is Tokyo Chuo Auction 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. Tokyo Chuo Auction Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$2.69 Mil. Tokyo Chuo Auction Holdings's Average Total Inventories for the quarter that ended in Sep. 2023 was HK$128.17 Mil. Tokyo Chuo Auction Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tokyo Chuo Auction Holdings's Days Inventory for the six months ended in Sep. 2023 was 8,686.17.

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 Chuo Auction Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 3.98.

Tokyo Chuo Auction Holdings Inventory Turnover Historical Data

The historical data trend for Tokyo Chuo Auction 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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Tokyo Chuo Auction Holdings Inventory Turnover Chart

Tokyo Chuo Auction Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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1.82

0.85

0.13

0.09

0.15

Tokyo Chuo Auction Holdings Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Inventory Turnover	Get a 7-Day Free Trial										0.03	0.06	0.06	0.09	0.02

Tokyo Chuo Auction Holdings Inventory Turnover Calculation

Tokyo Chuo Auction Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	19.441	/ (	(136.624	+	129.248)	/	2 )
=	19.441	/	132.936
=	0.15

Tokyo Chuo Auction Holdings's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	2.693	/ (	(129.248	+	127.101)	/	2 )
=	2.693	/	128.1745
=	0.02

Tokyo Chuo Auction Holdings (HKSE:01939) 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 Chuo Auction Holdings's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	128.1745	/	2.693	*	365 / 2
	=	8,686.17

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 Chuo Auction Holdings's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	128.1745	/	32.194
	=	3.98

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 Chuo Auction Holdings Inventory Turnover Related Terms

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Tokyo Chuo Auction Holdings (HKSE:01939) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tokyo Chuo Auction Holdings Ltd (HKSE:01939) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-7-5 Kyobashi, Chou-Ku, 2nd and 3rd Floor, Kyobashi Square, Tokyo, JPN, 104-0031

Website

https://www.chuo-auction.com.hk

Tokyo Chuo Auction Holdings Ltd is an investment holding company. The company's operating segment includes the Operation of art auction and related business and Artwork sales. The company is in auctioneering a wide variety of artworks with emphasis on Chinese and Japanese artworks, including Chinese paintings and calligraphies, Chinese antiques and Japanese and Chinese teawares. It generates maximum revenue from the Operation of art auction and related business and Artwork sales segment. Geographically, it derives a majority of revenue from Japan.

Executives

Ando Eri	2202 Interest of your spouse
Ando Shokei	2101 Beneficial owner

Tokyo Chuo Auction Holdings (HKSE:01939) Headlines

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