Take-Two Interactive Software Inc (TTWO)

Inventory turnover

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cost of revenue	US$ in thousands	3,107,800	3,064,600	2,628,350	2,402,720	2,340,180
Inventory	US$ in thousands	0	584,700	13,224	17,742	19,108
Inventory turnover		—	5.24	198.76	135.43	122.47

March 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $3,107,800K ÷ $0K
= —

Take-Two Interactive Software Inc's inventory turnover ratio has shown significant fluctuations over the past five years. In the most recent fiscal year ending on March 31, 2023, the company's inventory turnover ratio stood at 5.24, indicating that the company converted its inventory into sales approximately 5.24 times during the year.

This ratio saw a substantial decrease from the previous fiscal year, where the inventory turnover was 198.76. The sharp decline suggests that Take-Two Interactive Software Inc may have experienced challenges managing its inventory efficiently or faced changes in demand dynamics that impacted the turnover rate.

Comparing the most recent year with the data from the two prior years, it is evident that the inventory turnover ratio has been notably lower. In fiscal years 2021 and 2020, the company maintained relatively high inventory turnover ratios of 135.43 and 122.47, respectively.

The drastic decline in inventory turnover from the unusually high ratio in 2022 to the much lower ratio in 2023 might indicate shifts in the company's sales patterns or inventory management strategies. Further analysis of the company's operational performance and supply chain dynamics would be necessary to fully understand the reasons behind the fluctuations in the inventory turnover ratio.