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Shin Hwa Dynamics Co (XKRX:001770) Inventory Turnover : 0.89 (As of Mar. 2024)


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What is Shin Hwa Dynamics Co 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. Shin Hwa Dynamics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩26,007 Mil. Shin Hwa Dynamics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩29,376 Mil. Shin Hwa Dynamics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shin Hwa Dynamics Co's Days Inventory for the three months ended in Mar. 2024 was 103.07.

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. Shin Hwa Dynamics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.18.


Shin Hwa Dynamics Co Inventory Turnover Historical Data

The historical data trend for Shin Hwa Dynamics Co'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.

* Premium members only.

Shin Hwa Dynamics Co Inventory Turnover Chart

Shin Hwa Dynamics Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.45 5.30 7.04 5.37 3.62

Shin Hwa Dynamics Co 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 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 0.81 0.90 1.00 0.89 0.89

Shin Hwa Dynamics Co Inventory Turnover Calculation

Shin Hwa Dynamics Co'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 )
=101455.423 / ((24570.263 + 31555.914) / 2 )
=101455.423 / 28063.0885
=3.62

Shin Hwa Dynamics Co'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 )
=26007.061 / ((31555.914 + 27195.737) / 2 )
=26007.061 / 29375.8255
=0.89

* 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.


Shin Hwa Dynamics Co  (XKRX:001770) 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.

Shin Hwa Dynamics Co'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
=29375.8255/26007.061*365 / 4
=103.07

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.

Shin Hwa Dynamics Co'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 )
=29375.8255 / 24945.194
=1.18

* 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

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.


Shin Hwa Dynamics Co Inventory Turnover Related Terms

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Shin Hwa Dynamics Co (XKRX:001770) Business Description

Traded in Other Exchanges
N/A
Address
661-4, Shiwa Industrial Complex, 706, 4Da, Seonggok-dong, Ansan-shi, Gyeonggi, KOR, 425-110
Shin Hwa Dynamics Co Ltd formerly Shinhwa Silup Co Ltd is a South Korea-based company engaged in the manufacturing of tin plates. It mainly produces tin plates, which are used for a variety of food and beverage cans, including food cans, paint cans, oil cans, drug cans, and others. The company also provides black plate coils, which are cold rolled tin steel plates used as raw materials of tin plates.

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