Michang Oil Ind Co (XKRX:003650) Change In Inventory : ₩1,125 Mil (TTM As of Mar. 2024)

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What is Michang Oil Ind Co Change In Inventory?

Michang Oil Ind Co's change in inventory for the quarter that ended in Mar. 2024 was ₩-5,138 Mil. It means Michang Oil Ind Co's inventory increased by ₩5,138 Mil from Dec. 2023 to Mar. 2024 .

Michang Oil Ind Co's change in inventory for the fiscal year that ended in Dec. 2023 was ₩10,166 Mil. It means Michang Oil Ind Co's inventory declined by ₩10,166 Mil from Dec. 2022 to Dec. 2023 .

Michang Oil Ind Co's Total Inventories for the quarter that ended in Mar. 2024 was ₩57,318 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Michang Oil Ind Co's Days Inventory for the quarter that ended in Mar. 2024 was 57.46.

Inventory Turnover measures how fast the company turns over its inventory within a year. Michang Oil Ind Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.59.

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. Michang Oil Ind Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.53.

Michang Oil Ind Co Change In Inventory Historical Data

The historical data trend for Michang Oil Ind Co's Change In Inventory 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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Michang Oil Ind Co Change In Inventory Chart

Michang Oil Ind Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-17,658.17

12,238.68

-6,306.26

-10,730.19

10,166.22

Michang Oil Ind Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															3,903.04	781.13	-1,752.87	7,234.91	-5,137.90

Michang Oil Ind Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩1,125 Mil.

Michang Oil Ind Co (XKRX:003650) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Michang Oil Ind Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	54670.1295	/	86818.805	*	365 / 4
	=	57.46

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Michang Oil Ind Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	86818.805	/	54670.1295
	=	1.59

3. 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.

Michang Oil Ind Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	54670.1295	/	103166.428
	=	0.53

Michang Oil Ind Co Change In Inventory Related Terms

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Michang Oil Ind Co (XKRX:003650) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Michang Oil Ind Co Ltd (XKRX:003650) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

241, Haeyang-ro, Yeongdo-gu, Busan, KOR

Website

http://www.michang.co.kr

Michang Oil Ind Co Ltd is engaged in the petrochemical business in South Korea. It offers automotive lubricants, including premium motor, gasoline motor, diesel motor, and automotive gear oils, as well as auto transmission fluids and other application motor oils; and industrial lubricants, such as turbine, hydraulic, compressor, and industrial gear oils, as well as heat transfer fluids.

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