TV Tokyo Holdings (TSE:9413) Inventory Turnover : 2.38 (As of Dec. 2023)

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What is TV Tokyo Holdings 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. TV Tokyo Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was 円26,273 Mil. TV Tokyo Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was 円11,017 Mil. TV Tokyo Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TV Tokyo Holdings's Days Inventory for the three months ended in Dec. 2023 was 38.26.

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

TV Tokyo Holdings Inventory Turnover Historical Data

The historical data trend for TV Tokyo Holdings'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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TV Tokyo Holdings Inventory Turnover Chart

TV Tokyo Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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10.00

9.04

8.31

9.61

10.31

TV Tokyo Holdings 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															2.64	2.71	2.31	2.28	2.38

TV Tokyo Holdings Inventory Turnover Calculation

TV Tokyo Holdings'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 )
=	103450	/ (	(9327	+	10734)	/	2 )
=	103450	/	10030.5
=	10.31

TV Tokyo Holdings'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 )
=	26273	/ (	(11559	+	10474)	/	2 )
=	26273	/	11016.5
=	2.38

TV Tokyo Holdings (TSE:9413) 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.

TV Tokyo Holdings'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
	=	11016.5	/	26273	*	365 / 4
	=	38.26

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.

TV Tokyo Holdings'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 )
	=	11016.5	/	39096
	=	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.

TV Tokyo Holdings Inventory Turnover Related Terms

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TV Tokyo Holdings (TSE:9413) Business Description

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GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » TV Tokyo Holdings Corp (TSE:9413) » Definitions » Inventory Turnover

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Address

Roppongi Grand Tower 3-2-1, Roppongi, Minato-ku, Tokyo, JPN, 106-8007

Website

http://www.txhd.co.jp

TV Tokyo Holdings Corporation operates in the broadcasting space in Japan. It is primarily involved in the terrestrial broadcasting business apart from its operation through other segments such as Broadcasting - Peripheral and Satellite Broadcasting. The Terrestrial Broadcasting segment is engaged in the sale of programs to other broadcasters, the provision of broadcast program and film rights, as well as the organization of events. The Broadcasting- peripheral segment is involved in the planning and production of programs, the mail-order business and the Broadcasting Satellite (BS) segment provides TV programs by BS digital broadcasting.

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