Taesan LCD Company (XKRX:036210) Inventory Turnover : 1.48 (As of Sep. 2013)

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What is Taesan LCD Company 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. Taesan LCD Company's Cost of Goods Sold for the three months ended in Sep. 2013 was ₩963 Mil. Taesan LCD Company's Average Total Inventories for the quarter that ended in Sep. 2013 was ₩650 Mil. Taesan LCD Company's Inventory Turnover for the quarter that ended in Sep. 2013 was 1.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Taesan LCD Company's Days Inventory for the three months ended in Sep. 2013 was 61.64.

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. Taesan LCD Company's Inventory-to-Revenue for the quarter that ended in Sep. 2013 was 0.48.

Taesan LCD Company Inventory Turnover Historical Data

The historical data trend for Taesan LCD Company'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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Taesan LCD Company Inventory Turnover Chart

Taesan LCD Company Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Inventory Turnover

56.13

92.24

52.94

69.28

58.74

Taesan LCD Company Quarterly Data
	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13
Inventory Turnover	Get a 7-Day Free Trial															0.78	0.76	0.63	0.63	1.48

Taesan LCD Company Inventory Turnover Calculation

Taesan LCD Company's Inventory Turnover for the fiscal year that ended in Dec. 2011 is calculated as

	Inventory Turnover (A: Dec. 2011 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2011 )	/ (	(Total Inventories (A: Dec. 2010 )	+	Total Inventories (A: Dec. 2011 ))	/	count )
=	368021.767	/ (	(11821.336	+	709.761)	/	2 )
=	368021.767	/	6265.5485
=	58.74

Taesan LCD Company's Inventory Turnover for the quarter that ended in Sep. 2013 is calculated as

	Inventory Turnover (Q: Sep. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2013 )	/ (	(Total Inventories (Q: Jun. 2013 )	+	Total Inventories (Q: Sep. 2013 ))	/	count )
=	962.666	/ (	(962.96	+	337.529)	/	2 )
=	962.666	/	650.2445
=	1.48

Taesan LCD Company (XKRX:036210) 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.

Taesan LCD Company's Days Inventory for the three months ended in Sep. 2013 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2013 )	/	Cost of Goods Sold (Q: Sep. 2013 )	*	Days in Period
	=	650.2445	/	962.666	*	365 / 4
	=	61.64

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.

Taesan LCD Company's Inventory to Revenue for the quarter that ended in Sep. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2013 )	/	Revenue (Q: Sep. 2013 )
	=	650.2445	/	1345.046
	=	0.48

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.

Taesan LCD Company Inventory Turnover Related Terms

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Taesan LCD Company (XKRX:036210) Business Description

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Taesan LCD Co., Ltd. was established in 1983. The company manufactures TFT-LCD. The company also mass-produced backlight units for TFT-LCD. The company was recognized for its high-quality products and high export sales.

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