Namyang Dairy Products Co (XKRX:003920) Inventory Turnover : 0.98 (As of Mar. 2024)

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What is Namyang Dairy Products Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Namyang Dairy Products Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩186,168 Mil. Namyang Dairy Products Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩189,336 Mil. Namyang Dairy Products Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Namyang Dairy Products Co's Days Inventory for the three months ended in Mar. 2024 was 92.80.

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. Namyang Dairy Products Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.81.

Namyang Dairy Products Co Inventory Turnover Historical Data

The historical data trend for Namyang Dairy Products Co's Inventory Turnover 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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Namyang Dairy Products Co Inventory Turnover Chart

Namyang Dairy Products Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.40

4.27

4.19

4.60

4.43

Namyang Dairy Products Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.03	1.03	1.03	1.09	0.98

Namyang Dairy Products Co Inventory Turnover Calculation

Namyang Dairy Products Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	808373.79	/ (	(179247.243	+	185781.902)	/	2 )
=	808373.79	/	182514.5725
=	4.43

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	186168.113	/ (	(185781.902	+	192889.881)	/	2 )
=	186168.113	/	189335.8915
=	0.98

Namyang Dairy Products Co (XKRX:003920) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Namyang Dairy Products Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	189335.8915	/	186168.113	*	365 / 4
	=	92.80

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	189335.8915	/	234212.79
	=	0.81

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Namyang Dairy Products Co Inventory Turnover Related Terms

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Namyang Dairy Products Co (XKRX:003920) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Namyang Dairy Products Co Ltd (XKRX:003920) » Definitions » Inventory Turnover

Traded in Other Exchanges

003925:Korea

Address

240, Dosan-daero, 1964 Building, Gangnam-gu, Seoul, KOR

Website

http://www.namyangi.com

Namyang Dairy Products Co Ltd is a Korean company which is engaged in manufacturing dairy products. Its products include the infant formula, special infant formula, weaning diet, milk, yogurt, cheese, soybean milk, french cafe, beverage, tea, and ketonica. The company' s product brands are Imperial Dream XO, I am Mother, Star Science, Star Gold, Organic, Ai ZhiBao, Xing BeiEr, MingdaoXiu, Namyang Shanyang Rufen and others.

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