Lotte Innovate (XKRX:286940) Days Inventory : 11.54 (As of Dec. 2023)

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What is Lotte Innovate Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Lotte Innovate's Average Total Inventories for the three months ended in Dec. 2023 was ₩39,222 Mil. Lotte Innovate's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩310,175 Mil. Hence, Lotte Innovate's Days Inventory for the three months ended in Dec. 2023 was 11.54.

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

XKRX:286940' s Days Inventory Range Over the Past 10 Years
Min: 4.55 Med: 7.14 Max: 44.28
Current: 13.02

During the past 7 years, Lotte Innovate's highest Days Inventory was 44.28. The lowest was 4.55. And the median was 7.14.

XKRX:286940's Days Inventory is ranked better than
57.07% of 1563 companies
in the Software industry
Industry Median: 19.71 vs XKRX:286940: 13.02

Lotte Innovate's Days Inventory increased from Dec. 2022 (11.14) to Dec. 2023 (11.54). It might indicate that Lotte Innovate's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lotte Innovate's Inventory Turnover for the three months ended in Dec. 2023 was 7.91.

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. Lotte Innovate's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.11.

Lotte Innovate Days Inventory Historical Data

The historical data trend for Lotte Innovate'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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Lotte Innovate Days Inventory Chart

Lotte Innovate Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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4.55

4.75

4.61

8.57

12.73

Lotte Innovate Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															11.14	13.44	13.59	14.12	11.54

Competitive Comparison of Lotte Innovate's Days Inventory

For the Information Technology Services subindustry, Lotte Innovate'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.

Lotte Innovate's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Lotte Innovate's Days Inventory distribution charts can be found below:

* The bar in red indicates where Lotte Innovate's Days Inventory falls into.

Lotte Innovate Days Inventory Calculation

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

Lotte Innovate'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
=	( (36638.29	+	38096.107)	/	2 )	/	1071597.073	*	365
=	37367.1985					/	1071597.073	*	365
=	12.73

Lotte Innovate's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (40348.763	+	38096.107)	/	2 )	/	310175.278	*	365 / 4
=	39222.435					/	310175.278	*	365 / 4
=	11.54

Lotte Innovate (XKRX:286940) 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.

Lotte Innovate's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	310175.278	/	39222.435
	=	7.91

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.

Lotte Innovate's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	39222.435	/	346369.474
	=	0.11

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.

Lotte Innovate Days Inventory Related Terms

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

Lotte Innovate (XKRX:286940) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lotte Innovate (XKRX:286940) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

179 Gasan digital 2-ro, Geumcheon-gu, Seoul, KOR, 08500

Website

https://www.ldcc.co.kr

Lotte Data Communication Co is an information technology service provider for retail, hospitality, manufacturing and financial services sectors. It offers system integeration and system management.

Lotte Innovate (XKRX:286940) Headlines

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