SeAH SPECIAL STEEL CO (XKRX:019440) Inventory Turnover : 1.21 (As of Dec. 2023)

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What is SeAH SPECIAL STEEL 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. SeAH SPECIAL STEEL CO's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩234,050 Mil. SeAH SPECIAL STEEL CO's Average Total Inventories for the quarter that ended in Dec. 2023 was ₩193,263 Mil. SeAH SPECIAL STEEL CO's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SeAH SPECIAL STEEL CO's Days Inventory for the three months ended in Dec. 2023 was 75.35.

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. SeAH SPECIAL STEEL CO's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.79.

SeAH SPECIAL STEEL CO Inventory Turnover Historical Data

The historical data trend for SeAH SPECIAL STEEL 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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SeAH SPECIAL STEEL CO Inventory Turnover Chart

SeAH SPECIAL STEEL CO Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.12

4.35

4.81

5.02

5.10

SeAH SPECIAL STEEL 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															1.30	1.24	1.15	1.18	1.21

SeAH SPECIAL STEEL CO Inventory Turnover Calculation

SeAH SPECIAL STEEL 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 )
=	973245.093	/ (	(191073.869	+	190277.366)	/	2 )
=	973245.093	/	190675.6175
=	5.10

SeAH SPECIAL STEEL 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 )
=	234049.5	/ (	(196248.076	+	190277.366)	/	2 )
=	234049.5	/	193262.721
=	1.21

SeAH SPECIAL STEEL CO (XKRX:019440) 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.

SeAH SPECIAL STEEL 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
	=	193262.721	/	234049.5	*	365 / 4
	=	75.35

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.

SeAH SPECIAL STEEL 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 )
	=	193262.721	/	244236.364
	=	0.79

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.

SeAH SPECIAL STEEL CO Inventory Turnover Related Terms

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SeAH SPECIAL STEEL CO (XKRX:019440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » SeAH SPECIAL STEEL CO LTD (XKRX:019440) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

45, Yanghwa-ro, Mapo-gu, SeAH Tower 24 floor, Seoul, KOR, 790-240

Website

http://www.seahsp.co.kr

SeAH SPECIAL STEEL CO LTD is a manufacturer of steel products. Its product portfolio includes cold rolling, cold extrusion, and cold drawing, CHQ wire and CD bars. The company's products used in safety belt shafts, automotive bolts, and construction bolt, automotive bolts, oil pump gears, and aircraft bolts.

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