TV Asahi Holdings (TSE:9409) Inventory Turnover : 4.52 (As of Dec. 2023)

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What is TV Asahi 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. TV Asahi Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was 円59,213 Mil. TV Asahi Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was 円13,090 Mil. TV Asahi Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TV Asahi Holdings's Days Inventory for the three months ended in Dec. 2023 was 20.17.

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. TV Asahi Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.16.

TV Asahi Holdings Inventory Turnover Historical Data

The historical data trend for TV Asahi 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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TV Asahi Holdings Inventory Turnover Chart

TV Asahi Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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19.57

16.10

19.49

21.83

21.63

TV Asahi 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															4.96	4.03	4.23	4.52	5.17

TV Asahi Holdings Inventory Turnover Calculation

TV Asahi 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 )
=	231190	/ (	(11146	+	10227)	/	2 )
=	231190	/	10686.5
=	21.63

TV Asahi 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 )
=	59213	/ (	(13096	+	13083)	/	2 )
=	59213	/	13089.5
=	4.52

TV Asahi Holdings (TSE:9409) 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.

TV Asahi 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
	=	13089.5	/	59213	*	365 / 4
	=	20.17

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.

TV Asahi 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 )
	=	13089.5	/	80801
	=	0.16

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.

TV Asahi Holdings Inventory Turnover Related Terms

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TV Asahi Holdings (TSE:9409) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » TV Asahi Holdings Corp (TSE:9409) » Definitions » Inventory Turnover

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THDDY:USA

Address

6-9-1, Roppongi, Minato-ku, Tokyo, JPN, 106-8001

Website

http://www.tv-asahihd.co.jp

TV Asahi Holdings Corporation is a Japanese multimedia group. Ranging from its primary business of broadcast TV, the company owns and manages music publishing and miscellaneous businesses. The Television Broadcasting segment is involved in the production and broadcasting of TV programs. The Music Publishing segment attends to music copyrights and related rights as well as the artist management and recording businesses and through the Others segment, it is engaged in event management and the sale of digital goods such as DVDs. The company derives its revenue from TV Broadcasting Business.

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