Daemyung Sonoseason Co (XKRX:007720) Inventory Turnover : 2.32 (As of Mar. 2024)

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What is Daemyung Sonoseason 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. Daemyung Sonoseason Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩21,965 Mil. Daemyung Sonoseason Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩9,487 Mil. Daemyung Sonoseason Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Daemyung Sonoseason Co's Days Inventory for the three months ended in Mar. 2024 was 39.41.

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. Daemyung Sonoseason Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.33.

Daemyung Sonoseason Co Inventory Turnover Historical Data

The historical data trend for Daemyung Sonoseason 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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Daemyung Sonoseason Co Inventory Turnover Chart

Daemyung Sonoseason Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.90

12.91

22.07

20.20

15.01

Daemyung Sonoseason 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															3.54	3.24	3.00	3.14	2.32

Daemyung Sonoseason Co Inventory Turnover Calculation

Daemyung Sonoseason 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 )
=	128654.342	/ (	(7806.539	+	9336.66)	/	2 )
=	128654.342	/	8571.5995
=	15.01

Daemyung Sonoseason 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 )
=	21965.066	/ (	(9336.66	+	9636.781)	/	2 )
=	21965.066	/	9486.7205
=	2.32

Daemyung Sonoseason Co (XKRX:007720) 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.

Daemyung Sonoseason 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
	=	9486.7205	/	21965.066	*	365 / 4
	=	39.41

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.

Daemyung Sonoseason 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 )
	=	9486.7205	/	28467.689
	=	0.33

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.

Daemyung Sonoseason Co Inventory Turnover Related Terms

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Daemyung Sonoseason Co (XKRX:007720) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Daemyung Sonoseason Co Ltd (XKRX:007720) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

262, Hanchigol-gil Seo-myeon, Hongcheon-gun, Gangwon-do, Hongcheon, KOR

Website

http://www.daemyungcorporation.com

Daemyung Sonoseason Co Ltd is engaged in the Security Division, Retail Division, B2B Division, and Pet MRO division. The Security Division develops, manufactures and sells for integrated video security solutions, including recorders, surveillance cameras, accessories, and integrated control software. Retail Division includes Goods & Goods, Logo Shop, Mom Kids, and other shops among others. B2B Distribution Division provides the make-to-order, wholesale, management service of MRO for leisure, plant, golf, lodging, and industry whereas Pet MRO is specialized in the pet industry, such as pet milk, pet food, and pet supplies.

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