Inzi Display Co (XKRX:037330) Inventory Turnover : 3.83 (As of Sep. 2024)

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What is Inzi Display 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. Inzi Display Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ₩191,598 Mil. Inzi Display Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ₩50,013 Mil. Inzi Display Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 3.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Inzi Display Co's Days Inventory for the three months ended in Sep. 2024 was 23.82.

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. Inzi Display Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.24.

Inzi Display Co Inventory Turnover Historical Data

The historical data trend for Inzi Display 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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Inzi Display Co Inventory Turnover Chart

Inzi Display Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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25.19

22.98

17.46

13.78

11.25

Inzi Display Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															3.19	2.56	2.86	3.09	3.83

Inzi Display Co Inventory Turnover Calculation

Inzi Display 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 )
=	641499.192	/ (	(51429.441	+	62565.836)	/	2 )
=	641499.192	/	56997.6385
=	11.25

Inzi Display Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	191598.055	/ (	(53315.325	+	46710.968)	/	2 )
=	191598.055	/	50013.1465
=	3.83

Inzi Display Co (XKRX:037330) 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.

Inzi Display Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	50013.1465	/	191598.055	*	365 / 4
	=	23.82

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.

Inzi Display Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	50013.1465	/	204622.207
	=	0.24

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.

Inzi Display Co Inventory Turnover Related Terms

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Inzi Display Co Business Description

Industry

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Address

Wongokmyeon 88, Danwon-gu, Ansan, KOR, 425-845

Website

http://www.inzidisplay.co.kr

Inzi Display Co Ltd is a precision component manufacturing company involved in producing and selling display components in South Korea. It offers chassis tops and bottoms, and other products; and front, middle rear, and rear covers. The company also provides ceramic heaters for use in hair irons, dryers, lamps, rice cooker parts, electronic ranges, iron pots, and industrial products, including injection mold small heaters, temperature controls, igniters, and immersion products; and other products.

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