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Miwon Specialty Chemical Co (XKRX:268280) Days Inventory : 84.22 (As of Mar. 2024)


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What is Miwon Specialty Chemical Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Miwon Specialty Chemical Co's Average Total Inventories for the three months ended in Mar. 2024 was ₩94,223 Mil. Miwon Specialty Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩102,092 Mil. Hence, Miwon Specialty Chemical Co's Days Inventory for the three months ended in Mar. 2024 was 84.22.

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

XKRX:268280' s Days Inventory Range Over the Past 10 Years
Min: 76.03   Med: 85.13   Max: 112.87
Current: 91.8

During the past 7 years, Miwon Specialty Chemical Co's highest Days Inventory was 112.87. The lowest was 76.03. And the median was 85.13.

XKRX:268280's Days Inventory is ranked worse than
55.88% of 1487 companies
in the Chemicals industry
Industry Median: 81.73 vs XKRX:268280: 91.80

Miwon Specialty Chemical Co's Days Inventory declined from Mar. 2023 (110.58) to Mar. 2024 (84.22).

Inventory Turnover measures how fast the company turns over its inventory within a year. Miwon Specialty Chemical Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.08.

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. Miwon Specialty Chemical Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.76.


Miwon Specialty Chemical Co Days Inventory Historical Data

The historical data trend for Miwon Specialty Chemical 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.

Miwon Specialty Chemical Co Days Inventory Chart

Miwon Specialty Chemical Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 85.13 83.42 85.06 94.26 106.94

Miwon Specialty Chemical Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 110.58 97.99 85.06 96.24 84.22

Competitive Comparison of Miwon Specialty Chemical Co's Days Inventory

For the Chemicals subindustry, Miwon Specialty Chemical 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.


Miwon Specialty Chemical Co's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Miwon Specialty Chemical Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Miwon Specialty Chemical Co's Days Inventory falls into.



Miwon Specialty Chemical Co Days Inventory Calculation

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

Miwon Specialty Chemical 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
=( (127201.043 + 97559.619) / 2 ) / 383562.931*365
=112380.331 / 383562.931*365
=106.94

Miwon Specialty Chemical 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
=( (97559.619 + 90885.963) / 2 ) / 102091.846*365 / 4
=94222.791 / 102091.846*365 / 4
=84.22

* 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.


Miwon Specialty Chemical Co  (XKRX:268280) 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.

Miwon Specialty Chemical Co's Inventory Turnover for the three months ended in Mar. 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.

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

Inventory-to-Revenue=Average Total Inventories / Revenue
=94222.791 / 124459.96
=0.76

* 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.


Miwon Specialty Chemical Co Days Inventory Related Terms

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


Miwon Specialty Chemical Co (XKRX:268280) Business Description

Traded in Other Exchanges
N/A
Address
20 Poeun-daero 59 beon-gil, Suji-gu, Gyeonggi-do, Yongin-si, KOR, 16864
Miwon Specialty Chemical Co Ltd is engaged in producing and supplying basic raw materials for UV/EB curing systems. Its products include acrylate and methacrylate monomers, oligomers, photoinitiators and other related fine chemicals. The company has a business presence across the globe. The products offered by the organization has applications on wood, metal, plastic, nail art, printing inks, adhesive, electronic, CD/DVD/Bluray and optical film.

Miwon Specialty Chemical Co (XKRX:268280) Headlines

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