Hanwha (XKRX:000880) Inventory Turnover : 1.43 (As of Mar. 2024)

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What is Hanwha Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Hanwha's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩11,115,956 Mil. Hanwha's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩7,749,659 Mil. Hanwha's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.43.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hanwha's Days Inventory for the three months ended in Mar. 2024 was 63.62.

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. Hanwha's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.62.

Hanwha Inventory Turnover Historical Data

The historical data trend for Hanwha's Inventory Turnover 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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Hanwha Inventory Turnover Chart

Hanwha Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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11.97

11.66

10.16

7.69

6.53

Hanwha Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.77	1.48	1.37	1.66	1.43

Hanwha Inventory Turnover Calculation

Hanwha's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	46735075	/ (	(6557534	+	7749659)	/	2 )
=	46735075	/	7153596.5
=	6.53

Hanwha's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	11115956	/ (	(7749659	+	0)	/	1 )
=	11115956	/	7749659
=	1.43

Hanwha (XKRX:000880) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Hanwha's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	7749659	/	11115956	*	365 / 4
	=	63.62

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.

Hanwha's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	7749659	/	12435370
	=	0.62

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Hanwha Inventory Turnover Related Terms

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Hanwha (XKRX:000880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hanwha Corp (XKRX:000880) » Definitions » Inventory Turnover

Traded in Other Exchanges

00088K:Korea 000885:Korea

Address

1 Janggyo-dong, Jung-gu, Seoul, KOR, 100-797

Website

https://www.hanwhacorp.co.kr

Hanwha Corp is a global manufacturing and trading company. The company operates in four business areas - Explosives, Defense, Trading, and Machinery. Explosives Division offers a wide range of explosives products and services via three business units: chemical unit, cladding unit, and the fireworks promotion unit. Trading Division engages in trading various products ranging from raw materials to consumer goods, wood pallet manufacturing, landfill gas generation, solar power systems, and other new and renewable energy businesses. Machinery Division offers machine tools, factory automation and plant and machinery. Under its Defense Division, it offers precision-guided munitions, advanced ammunition, and unmanned systems and underwater surveillance equipment.

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