Tae Yang Metal Co (XKRX:004100) Inventory Turnover : 0.86 (As of Dec. 2024)

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What is Tae Yang Metal 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. Tae Yang Metal Co's Cost of Goods Sold for the three months ended in Dec. 2024 was ₩136,170 Mil. Tae Yang Metal Co's Average Total Inventories for the quarter that ended in Dec. 2024 was ₩159,037 Mil. Tae Yang Metal Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tae Yang Metal Co's Days Inventory for the three months ended in Dec. 2024 was 106.57.

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. Tae Yang Metal Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.05.

Tae Yang Metal Co Inventory Turnover Historical Data

The historical data trend for Tae Yang Metal 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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Tae Yang Metal Co Inventory Turnover Chart

Tae Yang Metal Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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4.83

4.68

4.55

4.10

3.52

Tae Yang Metal Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.97	0.96	0.96	0.81	0.86

Tae Yang Metal Co Inventory Turnover Calculation

Tae Yang Metal Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	540533.418	/ (	(142716.178	+	164570.102)	/	2 )
=	540533.418	/	153643.14
=	3.52

Tae Yang Metal Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	136170.251	/ (	(153504.771	+	164570.102)	/	2 )
=	136170.251	/	159037.4365
=	0.86

Tae Yang Metal Co (XKRX:004100) 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.

Tae Yang Metal Co's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	159037.4365	/	136170.251	*	365 / 4
	=	106.57

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.

Tae Yang Metal Co's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	159037.4365	/	151098.252
	=	1.05

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.

Tae Yang Metal Co Inventory Turnover Related Terms

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Tae Yang Metal Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Tae Yang Metal Co Ltd (XKRX:004100) » Definitions » Inventory Turnover

Traded in Other Exchanges

004105.PFD:Korea

Address

595, Seonggok-Dong, Danwon-Gu, Ansan, Gyeonggi-do, KOR, 425-833

Website

http://www.taeyangmetal.com

Tae Yang Metal Co Ltd is a South Korea-based company engaged in the provision of cold-forged products. Its products include automotive components such as Cylinder Head Bolt, Main Bearing Cap Bolt, and Fly Wheel Bolt. The other products offered by the company include Motorcycle components, Appliance components, Steering components, and Other Components.

Tae Yang Metal Co Headlines

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