TOAGF (Toagosei Co) Inventory Turnover : 1.18 (As of Jun. 2024)

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What is Toagosei Co 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. Toagosei Co's Cost of Goods Sold for the three months ended in Jun. 2024 was $194 Mil. Toagosei Co's Average Total Inventories for the quarter that ended in Jun. 2024 was $165 Mil. Toagosei Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Toagosei Co's Days Inventory for the three months ended in Jun. 2024 was 77.41.

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. Toagosei Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.61.

Toagosei Co Inventory Turnover Historical Data

The historical data trend for Toagosei Co'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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Toagosei Co Inventory Turnover Chart

Toagosei Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.09

5.55

5.82

4.86

4.54

Toagosei Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.06	1.26	1.11	1.18	1.31

Toagosei Co Inventory Turnover Calculation

Toagosei Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	819.577	/ (	(189.09	+	172.189)	/	2 )
=	819.577	/	180.6395
=	4.54

Toagosei Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	194.09	/ (	(167.202	+	162.112)	/	2 )
=	194.09	/	164.657
=	1.18

Toagosei Co (OTCPK:TOAGF) 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.

Toagosei Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	164.657	/	194.09	*	365 / 4
	=	77.41

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.

Toagosei Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	164.657	/	269.587
	=	0.61

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.

Toagosei Co Inventory Turnover Related Terms

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Toagosei Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Toagosei Co Ltd (OTCPK:TOAGF) » Definitions » Inventory Turnover

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Traded in Other Exchanges

4045:Japan

Address

1-14-1 Nishi Shinbashi, Minatoku, Tokyo, JPN, 105-8419

Website

http://www.toagosei.co.jp

Toagosei Co Ltd manufactures and sells a variety of chemicals and chemical-based products. The firm organizes itself into four segments based on product type. The acrylic products segment, which generates more revenue than any other segment, sells acrylate esters, acrylic polymers, and UV-curable resins, which are used in paints, textiles and cosmetics, and electronics. The commodity chemicals segment sells caustic soda, sulfuric acid, and sodium hypochlorite, which are used to make paper, fertilizers, and water treatment products. The specialty chemicals segment sells adhesives, electronic materials, and construction materials. The plastics segment sells piping equipment and nursing care products. The majority of revenue comes from Japan.