Solco Biomedical Co (XKRX:043100) Change In Inventory : ₩4,522 Mil (TTM As of Mar. 2024)

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What is Solco Biomedical Co Change In Inventory?

Solco Biomedical Co's change in inventory for the quarter that ended in Mar. 2024 was ₩-376 Mil. It means Solco Biomedical Co's inventory increased by ₩376 Mil from Dec. 2023 to Mar. 2024 .

Solco Biomedical Co's change in inventory for the fiscal year that ended in Dec. 2023 was ₩3,450 Mil. It means Solco Biomedical Co's inventory declined by ₩3,450 Mil from Dec. 2022 to Dec. 2023 .

Solco Biomedical Co's Total Inventories for the quarter that ended in Mar. 2024 was ₩13,684 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Solco Biomedical Co's Days Inventory for the quarter that ended in Mar. 2024 was 295.43.

Inventory Turnover measures how fast the company turns over its inventory within a year. Solco Biomedical Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.31.

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. Solco Biomedical Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.95.

Solco Biomedical Co Change In Inventory Historical Data

The historical data trend for Solco Biomedical Co's Change In Inventory 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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Solco Biomedical Co Change In Inventory Chart

Solco Biomedical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-591.37

-2,623.10

-1,823.71

-1,172.25

3,450.01

Solco Biomedical Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-1,447.99	152.70	-819.71	5,565.00	-376.39

Solco Biomedical Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩4,522 Mil.

Solco Biomedical Co (XKRX:043100) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Solco Biomedical Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	13465.7315	/	4159.137	*	365 / 4
	=	295.43

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Solco Biomedical Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	4159.137	/	13465.7315
	=	0.31

3. 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.

Solco Biomedical Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	13465.7315	/	6902.268
	=	1.95

Solco Biomedical Co Change In Inventory Related Terms

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Solco Biomedical Co (XKRX:043100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Solco Biomedical Co Ltd (XKRX:043100) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

34-6 Keumam-ri, Seotan-myeon, Gyeonggi-do, Pyeongtaek, KOR, 451-852

Website

http://www.solco.co.kr

Solco Biomedical Co Ltd operates in the medical devices industry in South Korea. The products offered by the company include dressing and tissue forceps, scissors, needle holders, intestinal forceps, self-retaining retractors, hooks, and knife handles.

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