Toppan Holdings (TSE:7911) Inventory Turnover : 2.07 (As of Dec. 2023)

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What is Toppan 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. Toppan Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was 円319,719 Mil. Toppan Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was 円154,482 Mil. Toppan Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.07.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Toppan Holdings's Days Inventory for the three months ended in Dec. 2023 was 44.09.

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. Toppan Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.37.

Toppan Holdings Inventory Turnover Historical Data

The historical data trend for Toppan 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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Toppan Holdings Inventory Turnover Chart

Toppan Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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11.41

10.96

10.64

9.57

8.88

Toppan 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															2.23	2.09	2.12	2.07	2.29

Toppan Holdings Inventory Turnover Calculation

Toppan 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 )
=	1290903	/ (	(142330	+	148302)	/	2 )
=	1290903	/	145316
=	8.88

Toppan Holdings'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 )
=	319719	/ (	(153612	+	155352)	/	2 )
=	319719	/	154482
=	2.07

Toppan Holdings (TSE:7911) 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.

Toppan Holdings'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
	=	154482	/	319719	*	365 / 4
	=	44.09

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.

Toppan Holdings'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 )
	=	154482	/	415533
	=	0.37

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.

Toppan Holdings Inventory Turnover Related Terms

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Toppan Holdings (TSE:7911) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Toppan Holdings Inc (TSE:7911) » Definitions » Inventory Turnover

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TOPPY:USA TONPF:USA TPX:Germany

Address

1-5-1 Taito, Taito-ku, Tokyo, JPN, 110-8560

Website

https://www.holdings.toppan.com

Toppan Holdings Inc provides a range of products and services geared toward printing technologies. Its product portfolio of printing technologies consists of in-store advertisements, books, magnetic cards, floor filters, wallpaper, flexible packaging, and other solutions. The company operates three business segments: information and communication (majority of total revenue), electronics, and living and industry. Toppan Printing provides secure documents, such as credit cards, coupons, and business forms, and offers a mix of marketing materials to increase diversification. It utilizes sales promotion personnel, printing press operators, and research personnel to develop innovative solutions for customers. Operations and sales are located in Japan.

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