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Fine Digital (XKRX:038950) Days Inventory : 52.40 (As of Sep. 2024)


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What is Fine Digital Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fine Digital's Average Total Inventories for the three months ended in Sep. 2024 was ₩5,962 Mil. Fine Digital's Cost of Goods Sold for the three months ended in Sep. 2024 was ₩10,382 Mil. Hence, Fine Digital's Days Inventory for the three months ended in Sep. 2024 was 52.40.

The historical rank and industry rank for Fine Digital's Days Inventory or its related term are showing as below:

XKRX:038950' s Days Inventory Range Over the Past 10 Years
Min: 41.24   Med: 65.12   Max: 111.69
Current: 44.18

During the past 13 years, Fine Digital's highest Days Inventory was 111.69. The lowest was 41.24. And the median was 65.12.

XKRX:038950's Days Inventory is ranked better than
84.71% of 2394 companies
in the Hardware industry
Industry Median: 99.695 vs XKRX:038950: 44.18

Fine Digital's Days Inventory increased from Sep. 2023 (44.42) to Sep. 2024 (52.40). It might indicate that Fine Digital's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fine Digital's Inventory Turnover for the three months ended in Sep. 2024 was 1.74.

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. Fine Digital's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.36.


Fine Digital Days Inventory Historical Data

The historical data trend for Fine Digital's Days 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.

* Premium members only.

Fine Digital Days Inventory Chart

Fine Digital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 57.21 41.47 41.24 49.06 47.07

Fine Digital Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 44.42 39.17 49.70 34.66 52.40

Competitive Comparison of Fine Digital's Days Inventory

For the Communication Equipment subindustry, Fine Digital's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fine Digital's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Fine Digital's Days Inventory distribution charts can be found below:

* The bar in red indicates where Fine Digital's Days Inventory falls into.



Fine Digital Days Inventory Calculation

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

Fine Digital's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (9454.995 + 5615.262) / 2 ) / 58431.329*365
=7535.1285 / 58431.329*365
=47.07

Fine Digital's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

Days Inventory (Q: Sep. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2024 ) + Total Inventories (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (5381.322 + 6541.956) / 2 ) / 10381.986*365 / 4
=5961.639 / 10381.986*365 / 4
=52.40

* 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.


Fine Digital  (XKRX:038950) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Fine Digital's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

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.

Fine Digital's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

* 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.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Fine Digital Days Inventory Related Terms

Thank you for viewing the detailed overview of Fine Digital's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Fine Digital Business Description

Traded in Other Exchanges
N/A
Address
41, Seongnam-daero, Fine Venture Building, 925 beon-gil, Bundang-gu, Seongnam-si, Kyungi-do, KOR, 463-828
Fine Digital Inc manufactures and markets wireless communication devices such as navigations and mobile devices. The company acquired a quality-certification from Telecommunications Technology Association for the first time in the world.

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