Korea Information Certificate Authority (XKRX:053300) Inventory Turnover : 0.56 (As of Mar. 2024)

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What is Korea Information Certificate Authority 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. Korea Information Certificate Authority's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩437 Mil. Korea Information Certificate Authority's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩778 Mil. Korea Information Certificate Authority's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Korea Information Certificate Authority's Days Inventory for the three months ended in Mar. 2024 was 162.42.

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. Korea Information Certificate Authority's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.03.

Korea Information Certificate Authority Inventory Turnover Historical Data

The historical data trend for Korea Information Certificate Authority'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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Korea Information Certificate Authority Inventory Turnover Chart

Korea Information Certificate Authority Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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19.33

27.04

1.56

1.32

2.01

Korea Information Certificate Authority 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															0.47	1.07	0.69	0.71	0.56

Korea Information Certificate Authority Inventory Turnover Calculation

Korea Information Certificate Authority'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 )
=	1950.952	/ (	(1238.684	+	704.729)	/	2 )
=	1950.952	/	971.7065
=	2.01

Korea Information Certificate Authority'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 )
=	437.025	/ (	(704.729	+	851.073)	/	2 )
=	437.025	/	777.901
=	0.56

Korea Information Certificate Authority (XKRX:053300) 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.

Korea Information Certificate Authority'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
	=	777.901	/	437.025	*	365 / 4
	=	162.42

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.

Korea Information Certificate Authority'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 )
	=	777.901	/	27192.763
	=	0.03

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.

Korea Information Certificate Authority Inventory Turnover Related Terms

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Korea Information Certificate Authority (XKRX:053300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Korea Information Certificate Authority Inc (XKRX:053300) » Definitions » Inventory Turnover

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N/A

Address

PDC, 242, Pangyo-ro, 5th Floor, C-dong, Gyeonggi-do, Bundang-gu, Seongnam, KOR, 13487

Website

http://www.signgate.com

Korea Information Certificate Authority Inc is the South Korea based company which provides certification and authentication services based on public key infrastructure technology. It offers certification solutions, electronic contract platforms, biometric authentication services, SSL certificates, and device certificates. It mainly provides Confirmation of the identity, Data alteration, and Manipulation, Authentication, and Prevention of repudiation services.

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