Toyota Motor Corporation (Toyota) primarily conducts business in the automotive industry. Toyota also conducts business in finance and other industries. It is organized in three segments: automotive operations, financial services operations and all other operations. Toyota€™s automotive operations include the design, manufacture, assembly and sale of passenger cars, minivans and commercial vehicles, such as trucks, and related parts and accessories. Toyota€™s financial services business consists primarily of providing financing to dealers and their customers for the purchase or lease of Toyota vehicles. Toyota€™s financial services also provide retail leasing through the purchase of lease contracts originated by Toyota dealers. Related to Toyota€™s automotive operations is its development of intelligent transport systems (ITS). Toyota€™s all other operations business segment includes the design and manufacture of prefabricated housing and information technology related businesses. The parent company and its subsidiaries in Japan maintain their records and prepare their financial statements in accordance with US generally accepted accounting principles, and its foreign subsidiaries in conformity with those of their countries of domicile. From the consolidated balance sheet and income statement (annual reports 2006 to 2011), we extracted the following information:

Required
1 Compute the inventory turnover and analyze its evolution over the years.
2 Compute the average days€™ inventory available and analyze its evolution over the years.
3 Comment the results of your computations.

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31 March 2009-1-2010 | 2011 Yen in millions Inventories Cost of products sold 2006 2007 2008 1,620,9751,803,956 1,825,716 1,459394 1,422,3731304,242 16,335,340 18,356,255 20,452,338 17,468,416 15,971,496 15,985,783