Hae In (XKRX:003010) Inventory Turnover : 0.44 (As of Jun. 2024)

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What is Hae In 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. Hae In's Cost of Goods Sold for the three months ended in Jun. 2024 was ₩48,036 Mil. Hae In's Average Total Inventories for the quarter that ended in Jun. 2024 was ₩108,055 Mil. Hae In's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hae In's Days Inventory for the three months ended in Jun. 2024 was 205.26.

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. Hae In's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.96.

Hae In Inventory Turnover Historical Data

The historical data trend for Hae In'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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Hae In Inventory Turnover Chart

Hae In Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.75

2.70

2.97

2.10

2.56

Hae In Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.69	0.56	0.74	0.32	0.44

Hae In Inventory Turnover Calculation

Hae In'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 )
=	238206.074	/ (	(89370.971	+	96612.3)	/	2 )
=	238206.074	/	92991.6355
=	2.56

Hae In's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	48035.635	/ (	(112704.686	+	103405.239)	/	2 )
=	48035.635	/	108054.9625
=	0.44

Hae In (XKRX:003010) 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.

Hae In's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	108054.9625	/	48035.635	*	365 / 4
	=	205.26

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.

Hae In's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	108054.9625	/	55235.918
	=	1.96

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.

Hae In Inventory Turnover Related Terms

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Hae In Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Hae In Corp (XKRX:003010) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

86, Dongsan-ro, Seocho-gu, Seoul, KOR

Website

http://www.haein.com

Hae In Corp is a South Korea based company engaged in providing Caterpillar engines, generator sets, and propulsions used in various applications in electric power generation, industrial power, marine, and oil & gas sectors. The company is also in the businesses of Construction Equipment, Industrial Equipment, Parts & Maintenance Service and New and Renewable Energies.

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