GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » FORMETAL Co Ltd (XKRX:119500) » Definitions » Days Inventory

FORMETAL Co (XKRX:119500) Days Inventory : 56.57 (As of Dec. 2024)


View and export this data going back to 2010. Start your Free Trial

What is FORMETAL Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). FORMETAL Co's Average Total Inventories for the three months ended in Dec. 2024 was ₩9,047 Mil. FORMETAL Co's Cost of Goods Sold for the three months ended in Dec. 2024 was ₩14,594 Mil. Hence, FORMETAL Co's Days Inventory for the three months ended in Dec. 2024 was 56.57.

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

XKRX:119500' s Days Inventory Range Over the Past 10 Years
Min: 34.25   Med: 37.96   Max: 61.78
Current: 61.78

During the past 13 years, FORMETAL Co's highest Days Inventory was 61.78. The lowest was 34.25. And the median was 37.96.

XKRX:119500's Days Inventory is ranked better than
83.26% of 2922 companies
in the Industrial Products industry
Industry Median: 121.45 vs XKRX:119500: 61.78

FORMETAL Co's Days Inventory declined from Dec. 2023 (60.49) to Dec. 2024 (56.57).

Inventory Turnover measures how fast the company turns over its inventory within a year. FORMETAL Co's Inventory Turnover for the three months ended in Dec. 2024 was 1.61.

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. FORMETAL Co's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.59.


FORMETAL Co Days Inventory Historical Data

The historical data trend for FORMETAL 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.

* Premium members only.

FORMETAL Co Days Inventory Chart

FORMETAL Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 40.58 36.50 43.91 56.36 56.87

FORMETAL 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 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 60.49 64.24 63.88 67.25 56.57

Competitive Comparison of FORMETAL Co's Days Inventory

For the Metal Fabrication subindustry, FORMETAL 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.


FORMETAL Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, FORMETAL Co's Days Inventory distribution charts can be found below:

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


;
;

FORMETAL Co Days Inventory Calculation

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

FORMETAL 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
=( (10792.818 + 7849.769) / 2 ) / 59826.695*365
=9321.2935 / 59826.695*365
=56.87

FORMETAL 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
=( (10243.552 + 7849.769) / 2 ) / 14593.512*365 / 4
=9046.6605 / 14593.512*365 / 4
=56.57

* 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.


FORMETAL Co  (XKRX:119500) 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.

FORMETAL Co's Inventory Turnover for the three months ended in Dec. 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.

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

Inventory-to-Revenue=Average Total Inventories / Revenue
=9046.6605 / 15426.689
=0.59

* 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.


FORMETAL Co Days Inventory Related Terms

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


FORMETAL Co Business Description

Traded in Other Exchanges
N/A
Address
No. 1741, Mujang-ri, Jigok-myeon, Chungcheongnam-do, Seosan, KOR
FORMETAL Co Ltd is a Korea based manufacturer of various types of forgings and supplies components of precision instruments. The products offered by the company are RV gear, hold flange, shaft, sprocket, oil cap, ice cleat, center bearing, fork shift, yoke, spindle, pole, crank shaft and cam shaft, among others. The products are used in automobile, defense industry, wind power generation, heavy equipment, agricultural machine, and in other industries.

FORMETAL Co Headlines

No Headlines