Korean Air Lines Co (XKRX:003490) Inventory Turnover : 4.33 (As of Dec. 2023)

View and export this data going back to 1966. Start your Free Trial

What is Korean Air Lines 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. Korean Air Lines Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩3,677,686 Mil. Korean Air Lines Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ₩849,651 Mil. Korean Air Lines Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Korean Air Lines Co's Days Inventory for the three months ended in Dec. 2023 was 21.08.

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. Korean Air Lines Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.19.

Korean Air Lines Co Inventory Turnover Historical Data

The historical data trend for Korean Air Lines 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.

Korean Air Lines Co Inventory Turnover Chart

Korean Air Lines Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

13.41

10.84

12.04

15.44

16.23

Korean Air Lines Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															4.07	3.81	4.02	4.10	4.33

Korean Air Lines Co Inventory Turnover Calculation

Korean Air Lines 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 )
=	12850301.877	/ (	(730074.502	+	853580.309)	/	2 )
=	12850301.877	/	791827.4055
=	16.23

Korean Air Lines Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	3677685.509	/ (	(845721.7	+	853580.309)	/	2 )
=	3677685.509	/	849651.0045
=	4.33

Korean Air Lines Co (XKRX:003490) 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.

Korean Air Lines Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	849651.0045	/	3677685.509	*	365 / 4
	=	21.08

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.

Korean Air Lines Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	849651.0045	/	4393403.197
	=	0.19

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.

Korean Air Lines Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Korean Air Lines Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Korean Air Lines Co (XKRX:003490) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Korean Air Lines Co Ltd (XKRX:003490) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

003495:Korea

Address

260 Haneul-gil, Gangseo-gu, Seoul, KOR

Website

http://www.koreanair.com

Korean Air Lines Co Ltd is an airline operator with a global reach. The company has four operating segments: Air transport (majority of total revenues), Aerospace (maintenance and repairs), In-flight meals, and Hotel/limousine and others. Passenger tickets can be bought on the company's website or at the airport counter. Multiple options related to passenger class or cabin experience, baggage fees, and other services are offered to customers. Revenues derived from Republic of Korea account for approximately one-fourth of total revenues, with the remainder coming from international operations. The company has created an alliance with global carriers to help connect flights, and give passengers better options to travel.

Korean Air Lines Co (XKRX:003490) Headlines

No Headlines