GMB Korea (XKRX:013870) Inventory Turnover : 1.09 (As of Dec. 2024)

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What is GMB Korea 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. GMB Korea's Cost of Goods Sold for the three months ended in Dec. 2024 was ₩153,711 Mil. GMB Korea's Average Total Inventories for the quarter that ended in Dec. 2024 was ₩141,538 Mil. GMB Korea's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. GMB Korea's Days Inventory for the three months ended in Dec. 2024 was 84.02.

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. GMB Korea's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.76.

GMB Korea Inventory Turnover Historical Data

The historical data trend for GMB Korea'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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GMB Korea Inventory Turnover Chart

GMB Korea Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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4.67

4.28

4.38

GMB Korea 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															1.05	1.09	1.17	1.06	1.09

GMB Korea Inventory Turnover Calculation

GMB Korea'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 )
=	610656.362	/ (	(138647.968	+	140498.277)	/	2 )
=	610656.362	/	139573.1225
=	4.38

GMB Korea'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 )
=	153711.448	/ (	(142577.784	+	140498.277)	/	2 )
=	153711.448	/	141538.0305
=	1.09

GMB Korea (XKRX:013870) 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.

GMB Korea'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
	=	141538.0305	/	153711.448	*	365 / 4
	=	84.02

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.

GMB Korea'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 )
	=	141538.0305	/	187309.709
	=	0.76

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.

GMB Korea Inventory Turnover Related Terms

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GMB Korea Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » GMB Korea Corp (XKRX:013870) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

618, Ungnam-ro(Seongsan-dong), Seongsan-gu, Changwon-si, Gyeongsangnam-do, KOR, 642315

Website

http://www.gmb.co.kr

GMB Korea Corp manufactures parts and accessories for motor vehicles which include engine parts, auto parts, chassis parts, bearing parts, and green energy parts. Its products portfolio consists of water pumps, socket, oil pump, spool valve, hydraulic pressure piston, cage, tripped joint, ball bearing etc.

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