Innovation For Creative Devices Co (XKRX:040910) Days Inventory : 381.70 (As of Dec. 2023)

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What is Innovation For Creative Devices Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Innovation For Creative Devices Co's Average Total Inventories for the three months ended in Dec. 2023 was ₩57,632 Mil. Innovation For Creative Devices Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩13,778 Mil. Hence, Innovation For Creative Devices Co's Days Inventory for the three months ended in Dec. 2023 was 381.70.

The historical rank and industry rank for Innovation For Creative Devices Co's Days Inventory or its related term are showing as below:

XKRX:040910' s Days Inventory Range Over the Past 10 Years
Min: 20.99 Med: 100.35 Max: 413.34
Current: 251.5

During the past 13 years, Innovation For Creative Devices Co's highest Days Inventory was 413.34. The lowest was 20.99. And the median was 100.35.

XKRX:040910's Days Inventory is ranked worse than
87.17% of 2409 companies
in the Hardware industry
Industry Median: 102.02 vs XKRX:040910: 251.50

Innovation For Creative Devices Co's Days Inventory increased from Dec. 2022 (89.34) to Dec. 2023 (381.70). It might indicate that Innovation For Creative Devices Co's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Innovation For Creative Devices Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.24.

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. Innovation For Creative Devices Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 2.91.

Innovation For Creative Devices Co Days Inventory Historical Data

The historical data trend for Innovation For Creative Devices Co's Days 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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Innovation For Creative Devices Co Days Inventory Chart

Innovation For Creative Devices Co Annual Data

Trend

Sep14

Sep15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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194.10

64.55

112.34

88.35

250.83

Innovation For Creative Devices Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															89.34	224.68	332.87	165.67	381.70

Competitive Comparison of Innovation For Creative Devices Co's Days Inventory

For the Electronic Components subindustry, Innovation For Creative Devices Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Innovation For Creative Devices Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Innovation For Creative Devices Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Innovation For Creative Devices Co's Days Inventory falls into.

Innovation For Creative Devices Co Days Inventory Calculation

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

Innovation For Creative Devices Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (29662.227	+	63447.503)	/	2 )	/	67744.99	*	365
=	46554.865					/	67744.99	*	365
=	250.83

Innovation For Creative Devices Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (51817.287	+	63447.503)	/	2 )	/	13777.825	*	365 / 4
=	57632.395					/	13777.825	*	365 / 4
=	381.70

Innovation For Creative Devices Co (XKRX:040910) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Innovation For Creative Devices Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13777.825	/	57632.395
	=	0.24

2. 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.

Innovation For Creative Devices Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	57632.395	/	19835.256
	=	2.91

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Innovation For Creative Devices Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Innovation For Creative Devices Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Innovation For Creative Devices Co (XKRX:040910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Innovation For Creative Devices Co Ltd (XKRX:040910) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

274, Manse-ro, Daedeok-myeon, Anseong-si, Gyeonggi-Do, KOR, 456-833

Website

http://www.i4cd.co.kr

Innovation For Creative Devices Co Ltd manufactures and markets various types of LCD devices. It manufactures semi-conductor manufacturing machinery. Its products include etchers, high density plasma (HDP) etchers, plasma ashers, plasma cleaners, dry etcher and HDP etcher parts, among others.

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