Huyndai Movex Co (XKRX:319400) Inventory Turnover : 37.76 (As of Dec. 2023)

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What is Huyndai Movex 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. Huyndai Movex Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩80,507 Mil. Huyndai Movex Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ₩2,132 Mil. Huyndai Movex Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 37.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Huyndai Movex Co's Days Inventory for the three months ended in Dec. 2023 was 2.42.

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. Huyndai Movex Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.02.

Huyndai Movex Co Inventory Turnover Historical Data

The historical data trend for Huyndai Movex 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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Huyndai Movex Co Inventory Turnover Chart

Huyndai Movex Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

392.77

294.22

175.20

159.54

Huyndai Movex 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															60.63	28.81	27.76	30.28	37.76

Huyndai Movex Co Inventory Turnover Calculation

Huyndai Movex 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 )
=	234218.055	/ (	(994.381	+	1941.735)	/	2 )
=	234218.055	/	1468.058
=	159.54

Huyndai Movex 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 )
=	80507.236	/ (	(2322.619	+	1941.735)	/	2 )
=	80507.236	/	2132.177
=	37.76

Huyndai Movex Co (XKRX:319400) 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.

Huyndai Movex 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
	=	2132.177	/	80507.236	*	365 / 4
	=	2.42

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.

Huyndai Movex 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 )
	=	2132.177	/	93252.027
	=	0.02

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.

Huyndai Movex Co Inventory Turnover Related Terms

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Huyndai Movex Co (XKRX:319400) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Huyndai Movex Co Ltd (XKRX:319400) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 Yeoui-daero, Yeongdeungpo-gu, Seoul, KOR

Website

Huyndai Movex Co Ltd, formerly NH Special Purpose Acquisition 14 Co Ltd is a South Korea-based special purpose acquisition company engaged mainly in the merger and acquisition business.

Huyndai Movex Co (XKRX:319400) Headlines

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