Toyo Gosei Co (TSE:4970) Inventory Turnover : 0.65 (As of Mar. 2024)

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What is Toyo Gosei 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. Toyo Gosei Co's Cost of Goods Sold for the three months ended in Mar. 2024 was 円6,917 Mil. Toyo Gosei Co's Average Total Inventories for the quarter that ended in Mar. 2024 was 円10,693 Mil. Toyo Gosei Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Toyo Gosei Co's Days Inventory for the three months ended in Mar. 2024 was 141.06.

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 Gosei Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.21.

Toyo Gosei Co Inventory Turnover Historical Data

The historical data trend for Toyo Gosei 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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Toyo Gosei Co Inventory Turnover Chart

Toyo Gosei Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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2.77

2.99

3.29

2.53

2.20

Toyo Gosei Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.48	0.51	0.51	0.65	0.66

Toyo Gosei Co Inventory Turnover Calculation

Toyo Gosei 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 )
=	24356	/ (	(11758	+	10337)	/	2 )
=	24356	/	11047.5
=	2.20

Toyo Gosei Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	6917	/ (	(11048	+	10337)	/	2 )
=	6917	/	10692.5
=	0.65

Toyo Gosei Co (TSE:4970) 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 Gosei Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	10692.5	/	6917	*	365 / 4
	=	141.06

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	10692.5	/	8861
	=	1.21

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 Gosei Co Inventory Turnover Related Terms

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Toyo Gosei Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Toyo Gosei Co Ltd (TSE:4970) » Definitions » Inventory Turnover

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Address

1-22-16, Asakusabashi Taito-ku, Hulic Asakusabashi Building, 8th Floor, Tokyo, JPN, 111-0053

Website

http://www.toyogosei.co.jp

Toyo Gosei Co., Ltd., is divided into Photosensitive materials, Green chemical, Energy, Aroma Chemical, and Logistics. Photosensitive materials include manufacturing of photoresist-type materials vital to semiconductors, LCD displays, and plasma displays. Green chemical involves recycling, purification and separation of waste solvents, Energy includes manufacturing of ionic liquids and electrolytes for lithium ion secondary batteries and double layer capacitors. Aroma chemical comprises of manufacturing and sale of materials for the fragrance and flavoring industries and Logistics involves support from storage to transport of dangerous substance.

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