Tokyu Land (FRA:TOL) Inventory Turnover : 0.37 (As of Dec. 2013)

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What is Tokyu Land 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. Tokyu Land's Cost of Goods Sold for the three months ended in Dec. 2013 was €654 Mil. Tokyu Land's Average Total Inventories for the quarter that ended in Dec. 2013 was €1,761 Mil. Tokyu Land's Inventory Turnover for the quarter that ended in Dec. 2013 was 0.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tokyu Land's Days Inventory for the three months ended in Dec. 2013 was 245.83.

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. Tokyu Land's Inventory-to-Revenue for the quarter that ended in Dec. 2013 was 2.18.

Tokyu Land Inventory Turnover Historical Data

The historical data trend for Tokyu Land'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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Tokyu Land Inventory Turnover Chart

Tokyu Land Annual Data

Trend

Mar04

Mar05

Mar06

Mar07

Mar08

Mar09

Mar10

Mar11

Mar12

Mar13

Inventory Turnover

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4.25

2.33

2.65

2.56

2.41

Tokyu Land Quarterly Data
	Dec08	Mar09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13
Inventory Turnover	Get a 7-Day Free Trial															0.53	0.78	0.48	0.62	0.37

Tokyu Land Inventory Turnover Calculation

Tokyu Land's Inventory Turnover for the fiscal year that ended in Mar. 2013 is calculated as

	Inventory Turnover (A: Mar. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2013 )	/ (	(Total Inventories (A: Mar. 2012 )	+	Total Inventories (A: Mar. 2013 ))	/	count )
=	3820.85	/ (	(1668.154	+	1504.435)	/	2 )
=	3820.85	/	1586.2945
=	2.41

Tokyu Land's Inventory Turnover for the quarter that ended in Dec. 2013 is calculated as

	Inventory Turnover (Q: Dec. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2013 )	/ (	(Total Inventories (Q: Sep. 2013 )	+	Total Inventories (Q: Dec. 2013 ))	/	count )
=	653.705	/ (	(1709.151	+	1813.005)	/	2 )
=	653.705	/	1761.078
=	0.37

Tokyu Land (FRA:TOL) 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.

Tokyu Land's Days Inventory for the three months ended in Dec. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2013 )	/	Cost of Goods Sold (Q: Dec. 2013 )	*	Days in Period
	=	1761.078	/	653.705	*	365 / 4
	=	245.83

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.

Tokyu Land's Inventory to Revenue for the quarter that ended in Dec. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2013 )	/	Revenue (Q: Dec. 2013 )
	=	1761.078	/	808.976
	=	2.18

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.

Tokyu Land Inventory Turnover Related Terms

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Tokyu Land (FRA:TOL) Business Description

Industry

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Traded in Other Exchanges

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Address

Website

http://www.tokyu-land.co.jp

Tokyu Land Corp is a real estate company engaged in seven business segments, namely real estate sales, contracted construction, retail sales, leasing of real estate, property management, resorts and real estate agents and other.