Kumho Petro Chemical (XKRX:011780) Inventory Turnover : 2.04 (As of Mar. 2024)

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What is Kumho Petro Chemical 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. Kumho Petro Chemical's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩1,518,800 Mil. Kumho Petro Chemical's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩745,609 Mil. Kumho Petro Chemical's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kumho Petro Chemical's Days Inventory for the three months ended in Mar. 2024 was 44.80.

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. Kumho Petro Chemical's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.45.

Kumho Petro Chemical Inventory Turnover Historical Data

The historical data trend for Kumho Petro Chemical'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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Kumho Petro Chemical Inventory Turnover Chart

Kumho Petro Chemical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.35

7.71

8.79

8.18

7.24

Kumho Petro Chemical 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															1.80	1.63	1.70	1.87	2.04

Kumho Petro Chemical Inventory Turnover Calculation

Kumho Petro Chemical'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 )
=	5676662.263	/ (	(821862.03	+	745609.381)	/	2 )
=	5676662.263	/	783735.7055
=	7.24

Kumho Petro Chemical'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 )
=	1518800.448	/ (	(745609.381	+	0)	/	1 )
=	1518800.448	/	745609.381
=	2.04

Kumho Petro Chemical (XKRX:011780) 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.

Kumho Petro Chemical'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
	=	745609.381	/	1518800.448	*	365 / 4
	=	44.80

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.

Kumho Petro Chemical'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 )
	=	745609.381	/	1667489.494
	=	0.45

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.

Kumho Petro Chemical Inventory Turnover Related Terms

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Kumho Petro Chemical (XKRX:011780) Business Description

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011785:Korea

Address

21/24F Kumho Asiana Main Tower 115, Sinmunno 1-ga, Jongno-gu, Seoul, KOR, 110-061

Website

http://www.kkpc.com

Kumho Petro Chemical Ltd is a manufacturer of synthetic rubbers, and does business in synthetic resins, specialty chemicals, electronic materials, nanocarbon, energy, and building materials. The synthetic rubber business constitutes the largest portion of the company's revenue, and its products are applied to tires, shoes, auto parts, and other industrial applications. Kumho's main customers, under the rubber segment, are global tire manufacturers. Second to the rubber business in revenue, the synthetic resins business manufactures products used in auto parts, home appliances, beverage containers, and a host of other products. The company's revenue is largely derived from international exports, but the remainder of sales are executed in Korea.

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