Shinsegae Food Co (XKRX:031440) Inventory Turnover : 3.89 (As of Jun. 2024)

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What is Shinsegae Food 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. Shinsegae Food Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ₩327,974 Mil. Shinsegae Food Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ₩84,205 Mil. Shinsegae Food Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 3.89.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shinsegae Food Co's Days Inventory for the three months ended in Jun. 2024 was 23.43.

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. Shinsegae Food Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.21.

Shinsegae Food Co Inventory Turnover Historical Data

The historical data trend for Shinsegae Food 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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Shinsegae Food Co Inventory Turnover Chart

Shinsegae Food Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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10.47

10.46

12.92

11.82

11.96

Shinsegae Food Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															2.86	3.13	3.24	3.51	3.89

Shinsegae Food Co Inventory Turnover Calculation

Shinsegae Food 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 )
=	1254425.293	/ (	(113785.522	+	96026.078)	/	2 )
=	1254425.293	/	104905.8
=	11.96

Shinsegae Food Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	327974.404	/ (	(86345.751	+	82064.544)	/	2 )
=	327974.404	/	84205.1475
=	3.89

Shinsegae Food Co (XKRX:031440) 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.

Shinsegae Food Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	84205.1475	/	327974.404	*	365 / 4
	=	23.43

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.

Shinsegae Food Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	84205.1475	/	393946.075
	=	0.21

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.

Shinsegae Food Co Inventory Turnover Related Terms

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Shinsegae Food Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Shinsegae Food Co Ltd (XKRX:031440) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Seongsuil-ro, 56th floor, Seongdong-gu, Seoul, KOR

Website

http://www.shinsegaefood.com

Shinsegae Food Co Ltd is involved in food manufacture, food distribution, food and beverage and food service and restaurant business. Food manufacture business includes manufacturers, soups, stews, casseroles, salads, processed meat, sauces, noodles, and rice cakes baked goods, etc. Food distribution business comprises supplying goods to customers such as restaurant franchises, food manufacturers, hotels, resorts, etc. The food and beverage business consists of the development of new concepts and premium food brands and foodservice business covers the provision of customized food services to facilities such as offices, research centers, hospitals, and universities. The firm promotes and develops brands such as Hansik Olbaan, peacock, Johnny rockets, zespri, among others.

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