LG Energy Solution (XKRX:373220) Change In Inventory : ₩1,934,269 Mil (TTM As of Dec. 2023)

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What is LG Energy Solution Change In Inventory?

LG Energy Solution's change in inventory for the quarter that ended in Dec. 2023 was ₩1,594,201 Mil. It means LG Energy Solution's inventory declined by ₩1,594,201 Mil from Sep. 2023 to Dec. 2023 .

LG Energy Solution's change in inventory for the fiscal year that ended in Dec. 2023 was ₩1,934,269 Mil. It means LG Energy Solution's inventory declined by ₩1,934,269 Mil from Dec. 2022 to Dec. 2023 .

LG Energy Solution's Total Inventories for the quarter that ended in Dec. 2023 was ₩5,396,336 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LG Energy Solution's Days Inventory for the quarter that ended in Dec. 2023 was 80.11.

Inventory Turnover measures how fast the company turns over its inventory within a year. LG Energy Solution's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.14.

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. LG Energy Solution's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.77.

LG Energy Solution Change In Inventory Historical Data

The historical data trend for LG Energy Solution'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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LG Energy Solution Change In Inventory Chart

LG Energy Solution Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Change In Inventory

-207,010.00

-833,329.00

-3,139,374.00

1,934,269.00

LG Energy Solution Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial							672,768.00	-239,963.00	341,968.00	238,063.00	1,594,201.00

LG Energy Solution 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩1,934,269 Mil.

LG Energy Solution (XKRX:373220) Change In Inventory Explanation

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

LG Energy Solution's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	6170378	/	7028146	*	365 / 4
	=	80.11

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

LG Energy Solution's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7028146	/	6170378
	=	1.14

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.

LG Energy Solution's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6170378	/	8001324
	=	0.77

LG Energy Solution Change In Inventory Related Terms

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LG Energy Solution (XKRX:373220) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LG Energy Solution Ltd (XKRX:373220) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

Yeongdeungpo-gu, Yeoui-daero, Seoul, KOR

Website

https://www.lgensol.com

LG Energy Solution, or LGES, is the third-largest battery maker for electric vehicles, or EVs, with about 14% global share in the first half of 2023, according to SNE Research. The EV battery segment is the largest revenue contributor, which accounted for close to 60% of total revenue in 2022. Besides EV batteries, LGES also manufactures batteries for mobility, mobile phones, laptops, electrical devices, and energy storage systems. The company was spun off from LG Chem's battery division in December 2020 and listed on the Korea Exchange in January 2022. It has global manufacturing facilities in Korea, China, Poland and the United States. Key customers include General Motors, Tesla, Volkswagen, Hyundai Motors and Stellantis.

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