Genotech (XKRX:066830) Inventory Turnover : 11.11 (As of Dec. 2023)

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What is Genotech 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. Genotech's Cost of Goods Sold for the six months ended in Dec. 2023 was ₩1,656 Mil. Genotech's Average Total Inventories for the quarter that ended in Dec. 2023 was ₩149 Mil. Genotech's Inventory Turnover for the quarter that ended in Dec. 2023 was 11.11.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Genotech's Days Inventory for the six months ended in Dec. 2023 was 16.43.

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. Genotech's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.05.

Genotech Inventory Turnover Historical Data

The historical data trend for Genotech'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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Genotech Inventory Turnover Chart

Genotech Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.92

28.55

17.30

12.89

11.11

Genotech Semi-Annual Data
	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Inventory Turnover	Get a 7-Day Free Trial				9.92	28.55	17.30	12.89	11.11

Genotech Inventory Turnover Calculation

Genotech'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 )
=	1655.51	/ (	(164.688	+	133.359)	/	2 )
=	1655.51	/	149.0235
=	11.11

Genotech's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1655.51	/ (	(164.688	+	133.359)	/	2 )
=	1655.51	/	149.0235
=	11.11

Genotech (XKRX:066830) 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.

Genotech's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	149.0235	/	1655.51	*	365 / 2
	=	16.43

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.

Genotech's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	149.0235	/	2750.326
	=	0.05

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.

Genotech Inventory Turnover Related Terms

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Genotech (XKRX:066830) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Genotech Corp (XKRX:066830) » Definitions » Inventory Turnover

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N/A

Address

26-69, Gajeongbuk-ro, Yuseong-gu, Daejeon, KOR, 305-343

Website

http://www.genotech.net

Genotech Corp is engaged in manufacturing basic pharmaceutical substances and biological agents.

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