Cowon Play Co (XKRX:056000) Inventory Turnover : 0.11 (As of Sep. 2022)

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What is Cowon Play 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. Cowon Play Co's Cost of Goods Sold for the three months ended in Sep. 2022 was ₩236 Mil. Cowon Play Co's Average Total Inventories for the quarter that ended in Sep. 2022 was ₩2,238 Mil. Cowon Play Co's Inventory Turnover for the quarter that ended in Sep. 2022 was 0.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cowon Play Co's Days Inventory for the three months ended in Sep. 2022 was 866.95.

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. Cowon Play Co's Inventory-to-Revenue for the quarter that ended in Sep. 2022 was 6.96.

Cowon Play Co Inventory Turnover Historical Data

The historical data trend for Cowon Play 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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Cowon Play Co Inventory Turnover Chart

Cowon Play Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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3.95

3.66

4.89

3.08

1.07

Cowon Play Co Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Inventory Turnover	Get a 7-Day Free Trial															0.37	0.26	0.25	0.11	0.11

Cowon Play Co Inventory Turnover Calculation

Cowon Play Co's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	4046.952	/ (	(4920.188	+	2612.777)	/	2 )
=	4046.952	/	3766.4825
=	1.07

Cowon Play Co's Inventory Turnover for the quarter that ended in Sep. 2022 is calculated as

	Inventory Turnover (Q: Sep. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2022 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Sep. 2022 ))	/	count )
=	235.591	/ (	(2293.957	+	2182.679)	/	2 )
=	235.591	/	2238.318
=	0.11

Cowon Play Co (XKRX:056000) 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.

Cowon Play Co's Days Inventory for the three months ended in Sep. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2022 )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
	=	2238.318	/	235.591	*	365 / 4
	=	866.95

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.

Cowon Play Co's Inventory to Revenue for the quarter that ended in Sep. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2022 )	/	Revenue (Q: Sep. 2022 )
	=	2238.318	/	321.582
	=	6.96

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.

Cowon Play Co Inventory Turnover Related Terms

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Cowon Play Co (XKRX:056000) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Cowon Play Co Ltd (XKRX:056000) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

540, Eonju-ro, Gangnam-gu, Seoul, KOR, 06147

Website

http://www.cowongames.com

Cowon Play Co Ltd, formerly Cowon Co Ltd is engaged in the development, production, and distribution of mobile gaming software in South Korea.

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