Lat Co (XKRX:311060) Inventory Turnover : 1.19 (As of Dec. 2023)

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What is Lat 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. Lat Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ₩8,671 Mil. Lat Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ₩7,258 Mil. Lat Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lat Co's Days Inventory for the six months ended in Dec. 2023 was 152.77.

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. Lat Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.78.

Lat Co Inventory Turnover Historical Data

The historical data trend for Lat 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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Lat Co Inventory Turnover Chart

Lat Co Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

9.28

9.25

1.19

Lat Co Semi-Annual Data
	Dec21	Dec22	Dec23
Inventory Turnover	9.28	9.25	1.19

Lat Co Inventory Turnover Calculation

Lat 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 )
=	8670.757	/ (	(1750.658	+	12766.119)	/	2 )
=	8670.757	/	7258.3885
=	1.19

Lat 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 )
=	8670.757	/ (	(1750.658	+	12766.119)	/	2 )
=	8670.757	/	7258.3885
=	1.19

Lat Co (XKRX:311060) 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.

Lat 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
	=	7258.3885	/	8670.757	*	365 / 2
	=	152.77

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.

Lat 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 )
	=	7258.3885	/	9327.995
	=	0.78

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.

Lat Co Inventory Turnover Related Terms

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Lat Co (XKRX:311060) Business Description

Industry

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Address

766-2 Gosaek-dong, Gwonseon-gu, Pyeong-dong, Gyeonggi-do, 1433-100, Suwon, KOR, 16643

Website

http://www.latplasma.com

Lat Co Ltd is a Korean company which operates in the vacuum equipment industry. It manufactures semiconductor and display equipment, while its products offerings include Vacuum deposition equipment, Heat treatment devices, etching devices, fusion compound devices, and other devices. It offers products for industries including solar cells (MEMS, PACKAGE, PCB), displays (AMOLED, LCD), and renewable energy (crystalline, thin film solar cells).

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