Ajusteel Co (XKRX:139990) Days Inventory : 79.18 (As of Mar. 2024)

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What is Ajusteel Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Ajusteel Co's Average Total Inventories for the three months ended in Mar. 2024 was ₩204,054 Mil. Ajusteel Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩235,165 Mil. Hence, Ajusteel Co's Days Inventory for the three months ended in Mar. 2024 was 79.18.

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

XKRX:139990' s Days Inventory Range Over the Past 10 Years
Min: 57.5 Med: 58.93 Max: 81.9
Current: 81.36

During the past 5 years, Ajusteel Co's highest Days Inventory was 81.90. The lowest was 57.50. And the median was 58.93.

XKRX:139990's Days Inventory is ranked better than
55.32% of 573 companies
in the Steel industry
Industry Median: 88.62 vs XKRX:139990: 81.36

Ajusteel Co's Days Inventory declined from Mar. 2023 (92.98) to Mar. 2024 (79.18).

Inventory Turnover measures how fast the company turns over its inventory within a year. Ajusteel Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.15.

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. Ajusteel Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.82.

Ajusteel Co Days Inventory Historical Data

The historical data trend for Ajusteel 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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Ajusteel Co Days Inventory Chart

Ajusteel Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

57.75

57.50

58.93

65.73

81.90

Ajusteel Co Quarterly Data
	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial											92.98	84.86	81.07	89.76	79.18

Competitive Comparison of Ajusteel Co's Days Inventory

For the Steel subindustry, Ajusteel 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.

Ajusteel Co's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Ajusteel Co's Days Inventory distribution charts can be found below:

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

Ajusteel Co Days Inventory Calculation

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

Ajusteel Co'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
=	( (183460.437	+	223249.645)	/	2 )	/	906320.89	*	365
=	203355.041					/	906320.89	*	365
=	81.90

Ajusteel Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (223249.645	+	184857.536)	/	2 )	/	235165.298	*	365 / 4
=	204053.5905					/	235165.298	*	365 / 4
=	79.18

Ajusteel Co (XKRX:139990) 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.

Ajusteel Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	235165.298	/	204053.5905
	=	1.15

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	204053.5905	/	248869.598
	=	0.82

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.

Ajusteel Co Days Inventory Related Terms

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

Ajusteel Co (XKRX:139990) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Ajusteel Co Ltd (XKRX:139990) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

321, 4-gongdan-ro, Gumi, Gyeongsangbuk-do, KOR

Website

http://www.ajusteel.com

Ajusteel Co Ltd is a steel company in Korea. It owns the full spectrum of manufacturing methods for designing steel surfaces. Its products include Texteel, SUSlike, Silk, pMCCL, Atex among others.

Ajusteel Co (XKRX:139990) Headlines

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