Take-Two Interactive Software Inc (TTWO)

Inventory turnover

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Cost of revenue (ttm)	US$ in thousands	2,571,400	2,330,000	2,469,700	2,728,300	2,788,900	3,474,100	3,426,400	3,256,500	3,064,500	2,240,125	1,898,604	1,641,386	1,535,401	1,416,423	1,412,288	1,388,111	1,535,085	1,651,078	1,741,927	1,777,670
Inventory	US$ in thousands	—	—	—	—	0	184,600	424,400	381,300	0	0	0	0	13,224	11,678	12,579	11,491	17,742	26,733	26,934	19,486
Inventory turnover		—	—	—	—	—	18.82	8.07	8.54	—	—	—	—	116.11	121.29	112.27	120.80	86.52	61.76	64.67	91.23

March 31, 2025 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,571,400K ÷ $—K
= —

Take-Two Interactive Software Inc's inventory turnover ratio reflects how many times the company sells and replaces its inventory during a specific period. A higher inventory turnover ratio indicates more efficient inventory management.

Analyzing the trend of Take-Two's inventory turnover:

- As of June 30, 2020, the inventory turnover was 91.23, demonstrating a high rate of inventory turnover.
- The ratio decreased to 64.67 as of September 30, 2020, indicating a slowdown in inventory turnover.
- Further declining to 61.76 by December 31, 2020, shows a continued decrease in the efficiency of managing the inventory.
- However, there was a significant improvement with a ratio of 86.52 as of March 31, 2021, suggesting better inventory management.
- The trend continued positively with ratios of 120.80, 112.27, and 121.29 for June 30, 2021, September 30, 2021, and December 31, 2021, respectively.
- The inventory turnover ratio remained relatively stable around 116-121 for the subsequent quarters until March 31, 2022.
- As of June 30, 2022, the inventory turnover ratio is not available, potentially indicating incomplete data or changes in reporting.
- The ratios for September 30, 2022, December 31, 2022, and the following periods are also not provided.
- A significant decrease is observed as of June 30, 2023, with an inventory turnover ratio of 8.54, signifying a substantial decline in inventory management efficiency.
- This trend continues with a ratio of 8.07 as of September 30, 2023, and an increase to 18.82 by December 31, 2023, showing some improvement.
- The ratios for the periods after March 31, 2024, are not available, preventing a thorough analysis of the current status of inventory turnover efficiency.

In conclusion, Take-Two Interactive Software Inc experienced fluctuations in its inventory turnover ratio, with periods of high efficiency followed by significant declines. Continuous monitoring and improvement in managing inventory turnover are crucial for ensuring effective operations and financial performance.