Toyo Suisan Kaisha (Toyo Suisan Kaisha) Inventory Turnover : 2.32 (As of Dec. 2023)

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What is Toyo Suisan Kaisha 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. Toyo Suisan Kaisha's Cost of Goods Sold for the three months ended in Dec. 2023 was $604 Mil. Toyo Suisan Kaisha's Average Total Inventories for the quarter that ended in Dec. 2023 was $261 Mil. Toyo Suisan Kaisha's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Toyo Suisan Kaisha's Days Inventory for the three months ended in Dec. 2023 was 39.33.

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. Toyo Suisan Kaisha's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.30.

Toyo Suisan Kaisha Inventory Turnover Historical Data

The historical data trend for Toyo Suisan Kaisha'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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Toyo Suisan Kaisha Inventory Turnover Chart

Toyo Suisan Kaisha Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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11.54

11.14

10.25

10.23

9.56

Toyo Suisan Kaisha 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															2.42	2.20	2.28	2.32	2.49

Toyo Suisan Kaisha Inventory Turnover Calculation

Toyo Suisan Kaisha'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 )
=	2451.993	/ (	(221.906	+	257.399)	/	2 )
=	2451.993	/	239.6525
=	10.23

Toyo Suisan Kaisha'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 )
=	604.467	/ (	(259.075	+	261.978)	/	2 )
=	604.467	/	260.5265
=	2.32

Toyo Suisan Kaisha (OTCPK:TSUKY) 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.

Toyo Suisan Kaisha'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
	=	260.5265	/	604.467	*	365 / 4
	=	39.33

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.

Toyo Suisan Kaisha'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 )
	=	260.5265	/	857.812
	=	0.30

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.

Toyo Suisan Kaisha Inventory Turnover Related Terms

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Toyo Suisan Kaisha (Toyo Suisan Kaisha) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Toyo Suisan Kaisha Ltd (OTCPK:TSUKY) » Definitions » Inventory Turnover

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2875:Japan

Address

2-13-40, Konan, Minato-ku, Tokyo, JPN, 108-8501

Website

http://www.maruchan.co.jp

Toyo Suisan Kaisha Ltd is a Japanese packaged-food company. The business segments are: domestic instant noodles, overseas instant noodles, frozen and refrigerated food, processed food, cold storage segment, seafood segment and other. The instant noodles segments, domestic and international, account for slightly more than 50% of total sales. The seafood segment offers salmon, shrimps, and cod to convenience stores and mass retailers. The frozen and refrigerated foods segment offers fresh noodles, ramen noodles for commercial use, household product yakisoba noodles, and edamame (green soybean) varieties. The processed foods segment offers packed cooked rice products, freeze-dried products, and packet soups.

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