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IK Semicon Co (XKRX:149010) Inventory Turnover : 2.27 (As of Dec. 2023)


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What is IK Semicon 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. IK Semicon Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ₩10,616 Mil. IK Semicon Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ₩4,675 Mil. IK Semicon Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IK Semicon Co's Days Inventory for the six months ended in Dec. 2023 was 80.36.

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. IK Semicon Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.30.

IK Semicon Co Inventory Turnover Historical Data

The historical data trend for IK Semicon 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.

IK Semicon Co Inventory Turnover Chart

IK Semicon 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 3.37 3.37 3.68 2.88 2.27

IK Semicon Co Semi-Annual Data
Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.37 3.37 3.68 2.88 2.27

IK Semicon Co Inventory Turnover Calculation

IK Semicon 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 )
=10616.319 / ((5258.802 + 4090.468) / 2 )
=10616.319 / 4674.635
=2.27

IK Semicon Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Dec. 2023 )) / count )
=10616.319 / ((5258.802 + 4090.468) / 2 )
=10616.319 / 4674.635
=2.27

* 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.

IK Semicon Co  (XKRX:149010) 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.

IK Semicon Co's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=4674.635/10616.319*365 / 2
=80.36

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.

IK Semicon Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=4674.635 / 15686.925
=0.30

* 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.

IK Semicon Co Inventory Turnover Related Terms

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IK Semicon Co (XKRX:149010) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » IK Semicon Co Ltd (XKRX:149010) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
Room 503, DMC Hi-Tech Industrial Center, 330 SeongAm-ro, Mapo-gu, Seoul, KOR, 121-912
Website
http://www.iksemi.com
IK Semicon Co Ltd is a IC design fabless semiconductor company in the fields of analog and mixed signal, supplying core technology IC's for automotive, smoke detector, earth leakage detector, LED lightning and home appliances.

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