LOTTE Fine Chemical Co (XKRX:004000) Inventory Turnover : 1.22 (As of Mar. 2024)

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What is LOTTE Fine Chemical 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. LOTTE Fine Chemical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩358,003 Mil. LOTTE Fine Chemical Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩294,253 Mil. LOTTE Fine Chemical Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LOTTE Fine Chemical Co's Days Inventory for the three months ended in Mar. 2024 was 75.00.

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 Fine Chemical Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.74.

LOTTE Fine Chemical Co Inventory Turnover Historical Data

The historical data trend for LOTTE Fine Chemical 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.

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LOTTE Fine Chemical Co Inventory Turnover Chart

LOTTE Fine Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.88

6.23

7.21

7.30

5.02

LOTTE Fine Chemical 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															1.63	1.27	1.31	1.31	1.22

LOTTE Fine Chemical Co Inventory Turnover Calculation

LOTTE Fine Chemical 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 )
=	1485694.102	/ (	(286272.932	+	305890.678)	/	2 )
=	1485694.102	/	296081.805
=	5.02

LOTTE Fine Chemical 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 )
=	358003.359	/ (	(305890.678	+	282615.583)	/	2 )
=	358003.359	/	294253.1305
=	1.22

LOTTE Fine Chemical Co (XKRX:004000) 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.

LOTTE Fine Chemical 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
	=	294253.1305	/	358003.359	*	365 / 4
	=	75.00

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 Fine Chemical 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 )
	=	294253.1305	/	399444.15
	=	0.74

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.

LOTTE Fine Chemical Co Inventory Turnover Related Terms

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LOTTE Fine Chemical Co (XKRX:004000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » LOTTE Fine Chemical Co Ltd (XKRX:004000) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Samsung Materials Research Complex, 130, Samsung-ro, Yeongtong-gu, Suwon-si, Gyeonggi-do, KOR, 100-102

Website

http://www.sfc.samsung.co.kr

LOTTE Fine Chemical Co Ltd manufactures and sells a variety of chemicals, and chemical-based products. The firm organizes itself into three segments based on product type. The chlorine/cellulose segment, which generates the majority of revenue, sells cellulose and caustic soda used to make products for the construction, cement, ceramics, paint, detergent, and personal care industries. The electronic materials segment sells toner for color laser printers, liquid crystal display materials, and lithium nickel cobalt manganese oxide, used in rechargeable batteries. The ammonia segment's products are used in the production of fertilizer, textiles, and pharmaceuticals. The majority of sales come from Asia.

LOTTE Fine Chemical Co (XKRX:004000) Headlines

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