Hyundai Motor Co (XKRX:005385) Inventory Turnover : 1.88 (As of Dec. 2023)

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What is Hyundai Motor 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. Hyundai Motor Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩33,224,889 Mil. Hyundai Motor Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ₩17,688,102 Mil. Hyundai Motor Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hyundai Motor Co's Days Inventory for the three months ended in Dec. 2023 was 48.58.

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. Hyundai Motor Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.42.

Hyundai Motor Co Inventory Turnover Historical Data

The historical data trend for Hyundai Motor 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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Hyundai Motor Co Inventory Turnover Chart

Hyundai Motor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.87

7.44

8.33

8.78

8.15

Hyundai Motor Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.09	1.93	1.95	1.84	1.88

Hyundai Motor Co Inventory Turnover Calculation

Hyundai Motor 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 )
=	129179183	/ (	(14291216	+	17400346)	/	2 )
=	129179183	/	15845781
=	8.15

Hyundai Motor 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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	33224889	/ (	(17975857	+	17400346)	/	2 )
=	33224889	/	17688101.5
=	1.88

Hyundai Motor Co (XKRX:005385) 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.

Hyundai Motor Co's Days Inventory for the three 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
	=	17688101.5	/	33224889	*	365 / 4
	=	48.58

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.

Hyundai Motor 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 )
	=	17688101.5	/	41632528
	=	0.42

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.

Hyundai Motor Co Inventory Turnover Related Terms

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Hyundai Motor Co (XKRX:005385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hyundai Motor Co (XKRX:005385) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

HYMTF:USA 005389:Korea 005387:Korea 005380:Korea HYUDl:UK HYUD:UK HYU:Germany

Address

12, Heolleung-ro, Seocho-Gu, Seoul, KOR

Website

https://www.hyundai.com

Hyundai Motor Co is engaged in the manufacturing and distribution of motor vehicles and parts. The business of the group is operated through a vehicle, finance, and other segments. Its vehicle segment is engaged in the manufacturing and sale of motor vehicles. The finance segment operates vehicle financing, credit card processing, and other financing activities. Others segment includes the research and development, train manufacturing and other activities. The company derives most of the revenue from vehicle segment.

Hyundai Motor Co (XKRX:005385) Headlines

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