Medience Co (XKRX:014100) Inventory Turnover : 0.76 (As of Dec. 2023)

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What is Medience 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. Medience Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩9,553 Mil. Medience Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ₩12,644 Mil. Medience Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.76.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Medience Co's Days Inventory for the three months ended in Dec. 2023 was 120.78.

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. Medience Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.70.

Medience Co Inventory Turnover Historical Data

The historical data trend for Medience 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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Medience Co Inventory Turnover Chart

Medience Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.70

2.61

2.71

3.05

3.16

Medience Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.88	0.66	0.85	0.58	0.76

Medience Co Inventory Turnover Calculation

Medience 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 )
=	33603.848	/ (	(10791.736	+	10479.455)	/	2 )
=	33603.848	/	10635.5955
=	3.16

Medience Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	9552.868	/ (	(14809.353	+	10479.455)	/	2 )
=	9552.868	/	12644.404
=	0.76

Medience Co (XKRX:014100) 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.

Medience Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	12644.404	/	9552.868	*	365 / 4
	=	120.78

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.

Medience Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	12644.404	/	18046.801
	=	0.70

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.

Medience Co Inventory Turnover Related Terms

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Medience Co (XKRX:014100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Medience Co Ltd (XKRX:014100) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Boryung Building, 13th and 14 th Floor, 66-21 Wonnam-dong, Jongno-gu, SEOUL, KOR, 110-750

Website

http://www.medience.co.kr

Medience Co Ltd is engaged in the manufacture and sale of mother and baby care products in South Korea. Its products consist of skincare products, which are designed for infants; nursing products, such as pacifiers; living products, including oral cleaners, nursing bottle detergents, wet tissues, and washtub cleaners, as well as toys, baby food, and others.

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