TSON Co (TSE:3456) Inventory Turnover : 0.69 (As of Jun. 2023)

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What is TSON 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. TSON Co's Cost of Goods Sold for the six months ended in Jun. 2023 was 円1,607 Mil. TSON Co's Average Total Inventories for the quarter that ended in Jun. 2023 was 円2,326 Mil. TSON Co's Inventory Turnover for the quarter that ended in Jun. 2023 was 0.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TSON Co's Days Inventory for the six months ended in Jun. 2023 was 264.17.

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. TSON Co's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 1.22.

TSON Co Inventory Turnover Historical Data

The historical data trend for TSON 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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TSON Co Inventory Turnover Chart

TSON Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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3.47

2.28

2.35

2.02

1.76

TSON Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Inventory Turnover	Get a 7-Day Free Trial														1.34	0.86	1.11	1.17	0.69

TSON Co Inventory Turnover Calculation

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

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	3950.645	/ (	(1928.204	+	2568.166)	/	2 )
=	3950.645	/	2248.185
=	1.76

TSON Co's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	1607.208	/ (	(2084.801	+	2568.166)	/	2 )
=	1607.208	/	2326.4835
=	0.69

TSON Co (TSE:3456) 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.

TSON Co's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	2326.4835	/	1607.208	*	365 / 2
	=	264.17

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.

TSON Co's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	2326.4835	/	1914.119
	=	1.22

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.

TSON Co Inventory Turnover Related Terms

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TSON Co (TSE:3456) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » TSON Co Ltd (TSE:3456) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

3-22-8 Meieki, Nakamura-ku, Aichi Prefecture, Nagoya, JPN

Website

http://www.tson.co.jp

TSON Co Ltd provides real estate services. The company is engaged in constructions, contracting and design & construction of civil engineering work, design of rental housing and construction management. It also provides Consulting for planning business of advertisement promotion activities of enterprises, advertising agency business, land utilization, asset utilization.

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