Toei Animation Co (Toei Animation Co) Inventory Turnover : 1.06 (As of Dec. 2023)

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What is Toei Animation 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. Toei Animation Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $76.6 Mil. Toei Animation Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $72.4 Mil. Toei Animation Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Toei Animation Co's Days Inventory for the three months ended in Dec. 2023 was 86.21.

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. Toei Animation Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.50.

Toei Animation Co Inventory Turnover Historical Data

The historical data trend for Toei Animation 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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Toei Animation Co Inventory Turnover Chart

Toei Animation Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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6.73

4.15

2.76

3.28

4.09

Toei Animation Co 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															0.86	1.16	1.29	1.06	1.13

Toei Animation Co Inventory Turnover Calculation

Toei Animation Co'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 )
=	341.78	/ (	(99.772	+	67.281)	/	2 )
=	341.78	/	83.5265
=	4.09

Toei Animation Co'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 )
=	76.621	/ (	(70.831	+	73.94)	/	2 )
=	76.621	/	72.3855
=	1.06

Toei Animation Co (OTCPK:TOEAF) 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.

Toei Animation Co'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
	=	72.3855	/	76.621	*	365 / 4
	=	86.21

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.

Toei Animation Co'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 )
	=	72.3855	/	145.387
	=	0.50

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.

Toei Animation Co Inventory Turnover Related Terms

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Toei Animation Co (Toei Animation Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Toei Animation Co Ltd (OTCPK:TOEAF) » Definitions » Inventory Turnover

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4816:Japan

Address

4-10-1, Nakano, Nakano-ku, Tokyo, JPN, 164-0001

Website

http://www.toei-anim.co.jp

Toei Animation Co Ltd is a Japanese animation company. It is engaged in the planning and production of animation products for theaters and televisions (TVs), the sale of broadcasting rights, as well as the sale of packaged software rights of the Company's animation products with a focus on digital versatile discs (DVDs). The company develops characters into diverse types of merchandise such as toys, games, stationery goods, food products, clothing, and for campaigns and promotions. It produces works of animation mainly of television series along with other types of work such as theatrical features and original video animation.

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