GOLFZON Co (XKRX:215000) Change In Inventory : ₩-28,269 Mil (TTM As of Mar. 2024)

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What is GOLFZON Co Change In Inventory?

GOLFZON Co's change in inventory for the quarter that ended in Mar. 2024 was ₩7,537 Mil. It means GOLFZON Co's inventory declined by ₩7,537 Mil from Dec. 2023 to Mar. 2024 .

GOLFZON Co's change in inventory for the fiscal year that ended in Dec. 2023 was ₩-43,657 Mil. It means GOLFZON Co's inventory increased by ₩43,657 Mil from Dec. 2022 to Dec. 2023 .

GOLFZON Co's Total Inventories for the quarter that ended in Mar. 2024 was ₩75,586 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GOLFZON Co's Days Inventory for the quarter that ended in Mar. 2024 was 81.81.

Inventory Turnover measures how fast the company turns over its inventory within a year. GOLFZON Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.12.

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. GOLFZON Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.44.

GOLFZON Co Change In Inventory Historical Data

The historical data trend for GOLFZON 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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GOLFZON Co Change In Inventory Chart

GOLFZON Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-7,101.79

-2,103.78

-20,130.69

-31,258.05

-43,656.80

GOLFZON 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															-7,851.17	-6,922.14	-16,778.87	-12,104.62	7,536.96

GOLFZON 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 ₩-28,269 Mil.

GOLFZON Co (XKRX:215000) Change In Inventory Explanation

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

GOLFZON 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
	=	79435.943	/	88605.841	*	365 / 4
	=	81.81

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	88605.841	/	79435.943
	=	1.12

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	79435.943	/	182117.045
	=	0.44

GOLFZON Co Change In Inventory Related Terms

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GOLFZON Co (XKRX:215000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » GOLFZON Co Ltd (XKRX:215000) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Daejeon Expo 97 beongil 40 (doryongdong), Daejeon, KOR

Website

http://golfsimulator.golfzon.com

GOLFZON Co Ltd is a Korea-based company that manufactures golf simulators. The company operates its business through two segments: screen golf segment, which produces and distributes golf simulators through GOLFZON JAPAN and GOLFZON CHINA, and golf maintenance segment which installs and maintains golf simulators. The company distributes its products within domestic market and to overseas markets. GOLFZON VISION is the golf simulator for homes and businesses with 3D graphics technology.

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