Shindo Eng Lab (XKRX:290520) Days Inventory : 273.22 (As of Mar. 2024)

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What is Shindo Eng Lab Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Shindo Eng Lab's Average Total Inventories for the three months ended in Mar. 2024 was ₩2,505 Mil. Shindo Eng Lab's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩837 Mil. Hence, Shindo Eng Lab's Days Inventory for the three months ended in Mar. 2024 was 273.22.

The historical rank and industry rank for Shindo Eng Lab's Days Inventory or its related term are showing as below:

XKRX:290520' s Days Inventory Range Over the Past 10 Years
Min: 21.64 Med: 52.22 Max: 101.41
Current: 101.41

During the past 8 years, Shindo Eng Lab's highest Days Inventory was 101.41. The lowest was 21.64. And the median was 52.22.

XKRX:290520's Days Inventory is ranked better than
60.57% of 2904 companies
in the Industrial Products industry
Industry Median: 121.615 vs XKRX:290520: 101.41

Shindo Eng Lab's Days Inventory increased from Mar. 2023 (120.55) to Mar. 2024 (273.22). It might indicate that Shindo Eng Lab's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shindo Eng Lab's Inventory Turnover for the three months ended in Mar. 2024 was 0.33.

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. Shindo Eng Lab's Inventory-to-Revenue for the three months ended in Mar. 2024 was 1.27.

Shindo Eng Lab Days Inventory Historical Data

The historical data trend for Shindo Eng Lab'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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Shindo Eng Lab Days Inventory Chart

Shindo Eng Lab Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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37.71

45.77

21.64

58.82

66.34

Shindo Eng Lab Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															120.55	147.34	60.14	74.95	273.22

Competitive Comparison of Shindo Eng Lab's Days Inventory

For the Specialty Industrial Machinery subindustry, Shindo Eng Lab'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.

Shindo Eng Lab's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shindo Eng Lab's Days Inventory distribution charts can be found below:

* The bar in red indicates where Shindo Eng Lab's Days Inventory falls into.

Shindo Eng Lab Days Inventory Calculation

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

Shindo Eng Lab'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
=	( (3919.836	+	1812.946)	/	2 )	/	15771.249	*	365
=	2866.391					/	15771.249	*	365
=	66.34

Shindo Eng Lab's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1812.946	+	3197.813)	/	2 )	/	836.752	*	365 / 4
=	2505.3795					/	836.752	*	365 / 4
=	273.22

Shindo Eng Lab (XKRX:290520) 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.

Shindo Eng Lab's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	836.752	/	2505.3795
	=	0.33

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.

Shindo Eng Lab's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2505.3795	/	1971.677
	=	1.27

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.

Shindo Eng Lab Days Inventory Related Terms

Thank you for viewing the detailed overview of Shindo Eng Lab's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Shindo Eng Lab (XKRX:290520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shindo Eng Lab Ltd (XKRX:290520) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

21 Mayu-ro 238beon-gil, Jeongwang 1, Gyeonggi-do, Siheung-si, KOR

Website

http://www.lcd.co.kr

Shindo Eng Lab Ltd is engaged in manufacturing display equipment with its original magnetic technology. Its product include OLED, LCD, Fuel cells and others. The firm's products are used in Manufacturing Mobile, IT & Display, Automobile, Special Display, and Energy & Vacuum Glass.

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