Spin Master (TSX:TOY) Inventory Turnover : 1.90 (As of Dec. 2023)

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What is Spin Master 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. Spin Master's Cost of Goods Sold for the three months ended in Dec. 2023 was C$323 Mil. Spin Master's Average Total Inventories for the quarter that ended in Dec. 2023 was C$169 Mil. Spin Master's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.90.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Spin Master's Days Inventory for the three months ended in Dec. 2023 was 47.90.

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. Spin Master's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.

Spin Master Inventory Turnover Historical Data

The historical data trend for Spin Master'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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Spin Master Inventory Turnover Chart

Spin Master Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.35

5.76

8.23

7.81

8.48

Spin Master 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															1.66	1.06	1.43	2.14	1.90

Spin Master Inventory Turnover Calculation

Spin Master's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1162.497	/ (	(142.778	+	131.477)	/	2 )
=	1162.497	/	137.1275
=	8.48

Spin Master'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 )
=	322.789	/ (	(207.43	+	131.477)	/	2 )
=	322.789	/	169.4535
=	1.90

Spin Master (TSX:TOY) 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.

Spin Master'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
	=	169.4535	/	322.789	*	365 / 4
	=	47.90

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.

Spin Master'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 )
	=	169.4535	/	674.288
	=	0.25

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.

Spin Master Inventory Turnover Related Terms

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Spin Master (TSX:TOY) Business Description

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SNMSF:USA SP9:Germany SP9:Germany

Address

225 King Street West, Suite 200, Toronto, ON, CAN, M5V 3M2

Website

https://www.spinmaster.com

Spin Master is a children's entertainment company operating in the just over $100 billion global toy industry. The company creates, designs, manufactures, and markets a portfolio of products, brands, and entertainment properties across four key categories (outdoor, wheels & action, preschool and dolls & interactive, and activities, games and puzzles and plush). Spin Master has increased brand awareness via homegrown brands including Paw Patrol, Rusty Rivets, and Bakugan but has leaned on a robust acquisition strategy to reach adjacent markets through tie-ups like Rubik's, Swimways, and Melissa & Doug (which is set to come on board in 2024). The company has global reach, with more than 30 offices in nearly 20 countries and sales in over 100 markets.

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