Tsukishima Holdings Co (TSE:6332) Inventory Turnover : 2.89 (As of Dec. 2023)

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What is Tsukishima Holdings 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. Tsukishima Holdings Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円24,649 Mil. Tsukishima Holdings Co's Average Total Inventories for the quarter that ended in Dec. 2023 was 円8,524 Mil. Tsukishima Holdings Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tsukishima Holdings Co's Days Inventory for the three months ended in Dec. 2023 was 31.55.

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. Tsukishima Holdings Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.28.

Tsukishima Holdings Co Inventory Turnover Historical Data

The historical data trend for Tsukishima Holdings 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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Tsukishima Holdings Co Inventory Turnover Chart

Tsukishima Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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10.24

11.29

10.68

13.62

21.40

Tsukishima Holdings Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.71	5.10	3.07	2.69	2.89

Tsukishima Holdings Co Inventory Turnover Calculation

Tsukishima Holdings Co's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	77993	/ (	(3676	+	3613)	/	2 )
=	77993	/	3644.5
=	21.40

Tsukishima Holdings 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 )
=	24649	/ (	(6685	+	10362)	/	2 )
=	24649	/	8523.5
=	2.89

Tsukishima Holdings Co (TSE:6332) 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.

Tsukishima Holdings 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
	=	8523.5	/	24649	*	365 / 4
	=	31.55

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.

Tsukishima Holdings 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 )
	=	8523.5	/	30716
	=	0.28

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.

Tsukishima Holdings Co Inventory Turnover Related Terms

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Tsukishima Holdings Co (TSE:6332) Business Description

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Address

3-5-1, Harumi, Chuo-ku, Tokyo, JPN

Website

http://www.tsk-g.co.jp

Tsukishima Holdings Co Ltd is involved in environmental-related businesses operating in three segments Water Environment, Industrial, and Others. The Water Environment segment designs and constructs sludge disposal treatment plants for water filter and sewage treatment plants; singular machineries, as well as the operates, maintains, manages and repair water filters and sewage treatment plants. The Industrial segment is engaged in the design and construction of plants for chemicals, steel, foods, liquid waste disposal and solid waste disposal; the design, manufacture, and sale of crystallizers, filters, dryers, separators and gas holders, and the design and manufacture of vacuum technology applied devices, among others.

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