Ring Net Co (XKRX:042500) Days Inventory : 36.67 (As of Dec. 2024)

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What is Ring Net Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ring Net Co's Average Total Inventories for the three months ended in Dec. 2024 was ₩20,954 Mil. Ring Net Co's Cost of Goods Sold for the three months ended in Dec. 2024 was ₩52,139 Mil. Hence, Ring Net Co's Days Inventory for the three months ended in Dec. 2024 was 36.67.

The historical rank and industry rank for Ring Net Co's Days Inventory or its related term are showing as below:

XKRX:042500' s Days Inventory Range Over the Past 10 Years
Min: 8.7 Med: 18.08 Max: 87.69
Current: 53.04

During the past 13 years, Ring Net Co's highest Days Inventory was 87.69. The lowest was 8.70. And the median was 18.08.

XKRX:042500's Days Inventory is ranked worse than
68.34% of 1573 companies
in the Software industry
Industry Median: 19.83 vs XKRX:042500: 53.04

Ring Net Co's Days Inventory declined from Dec. 2023 (48.17) to Dec. 2024 (36.67).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ring Net Co's Inventory Turnover for the three months ended in Dec. 2024 was 2.49.

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. Ring Net Co's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.35.

Ring Net Co Days Inventory Historical Data

The historical data trend for Ring Net Co'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.

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Ring Net Co Days Inventory Chart

Ring Net Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

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15.65

22.29

87.69

87.40

51.96

Ring Net Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Inventory	Get a 7-Day Free Trial															48.17	56.15	58.12	79.56	36.67

Competitive Comparison of Ring Net Co's Days Inventory

For the Information Technology Services subindustry, Ring Net Co'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.

Ring Net Co's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Ring Net Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Ring Net Co's Days Inventory falls into.

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Ring Net Co Days Inventory Calculation

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

Ring Net Co's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

	Days Inventory (A: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (21312.58	+	17526.031)	/	2 )	/	136416.197	*	365
=	19419.3055					/	136416.197	*	365
=	51.96

Ring Net Co's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (24382.681	+	17526.031)	/	2 )	/	52138.859	*	365 / 4
=	20954.356					/	52138.859	*	365 / 4
=	36.67

Ring Net Co (XKRX:042500) 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.

Ring Net Co's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	52138.859	/	20954.356
	=	2.49

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.

Ring Net Co's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	20954.356	/	59512.73
	=	0.35

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.

Ring Net Co Days Inventory Related Terms

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

Ring Net Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ring Net Co Ltd (XKRX:042500) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

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Address

No. 27, No. 409, Samsung IT Valley, 4th Floor, Guro-gu, Seoul, KOR

Website

http://www.ringnet.co.kr

Ring Net Co Ltd is a specialized ICT service company. It offers solutions in the business areas of Network integration, System integration, Advanced service, Cloud, Collaboration and Security. System integration establishes an optimum information system through convergence and integration of complex IT resources; Network Integration relates to building network architecture and optimizing network infrastructure; Advanced Service provides services according to IT life cycle for consulting, construction, maintenance, and optimization; Cloud service provides virtualization, server and storage solutions for cloud computing environments; Collaboration covers IT telephony, unified communication, video conference and CCTV solution; and Security area provides security solutions.

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