SMEC Co (XKRX:099440) Inventory Turnover : 0.43 (As of Mar. 2024)

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What is SMEC 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. SMEC Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩31,962 Mil. SMEC Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩75,083 Mil. SMEC Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SMEC Co's Days Inventory for the three months ended in Mar. 2024 was 214.36.

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. SMEC Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.76.

SMEC Co Inventory Turnover Historical Data

The historical data trend for SMEC 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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SMEC Co Inventory Turnover Chart

SMEC Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.70

1.57

2.06

1.95

1.84

SMEC 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															0.48	0.50	0.39	0.42	0.43

SMEC Co Inventory Turnover Calculation

SMEC 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 )
=	132114.355	/ (	(71263.833	+	72691.698)	/	2 )
=	132114.355	/	71977.7655
=	1.84

SMEC 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 )
=	31962.317	/ (	(72691.698	+	77475.073)	/	2 )
=	31962.317	/	75083.3855
=	0.43

SMEC Co (XKRX:099440) 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.

SMEC 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
	=	75083.3855	/	31962.317	*	365 / 4
	=	214.36

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.

SMEC 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 )
	=	75083.3855	/	42664.552
	=	1.76

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.

SMEC Co Inventory Turnover Related Terms

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SMEC Co (XKRX:099440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » SMEC Co Ltd (XKRX:099440) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

666 Gasul-ri, Daesan-myeon, Changwon, Ulsan, Gyeongsangnam-do, KOR, 8231500-4800

Website

http://www.esmec.com

SMEC Co Ltd manufactures and sells machine tools, semiconductor and telecommunication equipment, robots, and laser equipment. The company offers machine tools, such as CNC lathes, machining center; parts; and robots associated with LCD production. It also provides network solutions, such as trunk, signaling, media, video, and IMS media gateways, as well as media gateway controllers, media resource function solutions, and session border controllers; LTE gateway solutions, including LTE SmallCell, evolved packet data, and trusted wireless access gateways; and WiFi solutions comprising WiFi access points and WiFi AP controllers. In addition, the company offers military satellite communication system; Internet of things; digital radio communication system solutions.

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