Asiana Airlines (XKRX:020560) Inventory Turnover : 7.51 (As of Mar. 2024)

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What is Asiana Airlines 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. Asiana Airlines's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩1,783,759 Mil. Asiana Airlines's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩237,373 Mil. Asiana Airlines's Inventory Turnover for the quarter that ended in Mar. 2024 was 7.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asiana Airlines's Days Inventory for the three months ended in Mar. 2024 was 12.14.

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. Asiana Airlines's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.12.

Asiana Airlines Inventory Turnover Historical Data

The historical data trend for Asiana Airlines'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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Asiana Airlines Inventory Turnover Chart

Asiana Airlines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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27.10

18.13

21.16

26.76

29.19

Asiana Airlines 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															6.77	6.84	6.75	7.29	7.51

Asiana Airlines Inventory Turnover Calculation

Asiana Airlines'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 )
=	6401772.339	/ (	(207173.856	+	231402.563)	/	2 )
=	6401772.339	/	219288.2095
=	29.19

Asiana Airlines'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 )
=	1783758.64	/ (	(231402.563	+	243342.941)	/	2 )
=	1783758.64	/	237372.752
=	7.51

Asiana Airlines (XKRX:020560) 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.

Asiana Airlines'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
	=	237372.752	/	1783758.64	*	365 / 4
	=	12.14

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.

Asiana Airlines'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 )
	=	237372.752	/	2008865.525
	=	0.12

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.

Asiana Airlines Inventory Turnover Related Terms

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Asiana Airlines (XKRX:020560) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Asiana Airlines Inc (XKRX:020560) » Definitions » Inventory Turnover

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Address

Asiana Town KangseoNo 47, PO Box 98 Osae-Dong, Kangseo-ku, Seoul, KOR, 157-731

Website

http://www.flyasiana.com

Asiana Airlines Inc is one of South Korea's major airlines. It generates revenue by transporting passengers, cargo, and by providing supplementary services related to airlines and travel industries. The company offers many different classes, or cabin experiences, for each flight. A customer may purchase tickets, check the flight status, check-in, and order/confirm other amenities on the company's website. Only a small portion of revenue is derived from domestic passengers (South Korea), with international passengers and carrying cargo constituting a majority. The majority of Asiana's revenue is from routes conducted throughout Asia.

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