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Gamsung Co (XKRX:036620) Inventory Turnover : 0.27 (As of Mar. 2024)


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What is Gamsung 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. Gamsung Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩11,980 Mil. Gamsung Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩44,867 Mil. Gamsung Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gamsung Co's Days Inventory for the three months ended in Mar. 2024 was 341.76.

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. Gamsung Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.21.


Gamsung Co Inventory Turnover Historical Data

The historical data trend for Gamsung 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.

* Premium members only.

Gamsung Co Inventory Turnover Chart

Gamsung Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.46 2.61 2.48 2.01 1.59

Gamsung 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.28 0.30 0.26 0.48 0.27

Gamsung Co Inventory Turnover Calculation

Gamsung 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 )
=57214.116 / ((32768.236 + 39141.588) / 2 )
=57214.116 / 35954.912
=1.59

Gamsung 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 )
=11979.523 / ((39141.588 + 50592.22) / 2 )
=11979.523 / 44866.904
=0.27

* 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.


Gamsung Co  (XKRX:036620) 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.

Gamsung 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
=44866.904/11979.523*365 / 4
=341.76

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.

Gamsung 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 )
=44866.904 / 37180.998
=1.21

* 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.


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.


Gamsung Co Inventory Turnover Related Terms

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Gamsung Co (XKRX:036620) Business Description

Traded in Other Exchanges
N/A
Address
162, Bangbae-ro, 4th Floor, Yegwang Building, Seocho-gu, Bangbae-dong, Seoul, KOR, 110-752
Gamsung Corp Co Ltd, formerlyVirtualTek Corp is involved in providing information technology (IT) and groupware development services. It is also focused on fuel cell power generation, mobile charging systems, and wastepaper products trading businesses. In addition, the company offers IT consulting and outsourcing, system integration, system construction consulting, and customized system development, as well as systems management, operation, and maintenance services; and operates as a distributor and service provider of related software and hardware.

Gamsung Co (XKRX:036620) Headlines

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