FORMETAL Co (XKRX:119500) Change In Inventory : ₩112 Mil (TTM As of Mar. 2024)

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What is FORMETAL Co Change In Inventory?

FORMETAL Co's change in inventory for the quarter that ended in Mar. 2024 was ₩297 Mil. It means FORMETAL Co's inventory declined by ₩297 Mil from Dec. 2023 to Mar. 2024 .

FORMETAL Co's change in inventory for the fiscal year that ended in Dec. 2023 was ₩-1,544 Mil. It means FORMETAL Co's inventory increased by ₩1,544 Mil from Dec. 2022 to Dec. 2023 .

FORMETAL Co's Total Inventories for the quarter that ended in Mar. 2024 was ₩10,496 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. FORMETAL Co's Days Inventory for the quarter that ended in Mar. 2024 was 64.24.

Inventory Turnover measures how fast the company turns over its inventory within a year. FORMETAL Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.42.

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. FORMETAL Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.65.

FORMETAL Co Change In Inventory Historical Data

The historical data trend for FORMETAL 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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FORMETAL Co Change In Inventory Chart

FORMETAL Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-1,084.93

205.33

-1,036.71

-3,153.18

-1,543.74

FORMETAL 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															-1,358.65	-544.90	1,659.73	-1,299.92	296.85

FORMETAL 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 ₩112 Mil.

FORMETAL Co (XKRX:119500) Change In Inventory Explanation

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

FORMETAL 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
	=	10644.3935	/	15119.363	*	365 / 4
	=	64.24

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	15119.363	/	10644.3935
	=	1.42

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10644.3935	/	16449.978
	=	0.65

FORMETAL Co Change In Inventory Related Terms

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FORMETAL Co (XKRX:119500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » FORMETAL Co Ltd (XKRX:119500) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

No. 1741, Mujang-ri, Jigok-myeon, Chungcheongnam-do, Seosan, KOR

Website

http://www.formetal.co.kr

FORMETAL Co Ltd is a Korea based manufacturer of various types of forgings and supplies components of precision instruments. The products offered by the company are RV gear, hold flange, shaft, sprocket, oil cap, ice cleat, center bearing, fork shift, yoke, spindle, pole, crank shaft and cam shaft, among others. The products are used in automobile, defense industry, wind power generation, heavy equipment, agricultural machine, and in other industries.

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