Okins Electronics Co (XKRX:080580) Inventory Turnover : 1.12 (As of Mar. 2024)

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What is Okins Electronics 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. Okins Electronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩12,317 Mil. Okins Electronics Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩11,007 Mil. Okins Electronics Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Okins Electronics Co's Days Inventory for the three months ended in Mar. 2024 was 81.54.

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. Okins Electronics Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.71.

Okins Electronics Co Inventory Turnover Historical Data

The historical data trend for Okins Electronics 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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Okins Electronics Co Inventory Turnover Chart

Okins Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.05

4.61

5.87

5.56

4.45

Okins Electronics Co 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															0.89	0.84	0.79	1.32	1.12

Okins Electronics Co Inventory Turnover Calculation

Okins Electronics 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 )
=	45378.298	/ (	(10010.022	+	10403.743)	/	2 )
=	45378.298	/	10206.8825
=	4.45

Okins Electronics Co'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 )
=	12316.983	/ (	(10403.743	+	11609.476)	/	2 )
=	12316.983	/	11006.6095
=	1.12

Okins Electronics Co (XKRX:080580) 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.

Okins Electronics Co'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
	=	11006.6095	/	12316.983	*	365 / 4
	=	81.54

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.

Okins Electronics Co'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 )
	=	11006.6095	/	15582.503
	=	0.71

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.

Okins Electronics Co Inventory Turnover Related Terms

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Okins Electronics Co (XKRX:080580) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Okins Electronics Co Ltd (XKRX:080580) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

13, Ojeongongeop-gil, 5th Floor, Gyeonggi-do, Uiwang-si, KOR, 16072

Website

http://www.okins.co.kr

Okins Electronics Co Ltd is a supplier of the device interface system. The company manufactures BiTS products for the applications to support device contacts for both memory and logic products. The business units of the organization include BiTS BU, Semiconductor BU and MEMS BU. The product line of the BiTS BU includes burn-in socket, test socket, memory module test socket, SSD module socket, spring probes and PION. Its semiconductor test service offers IC testing services for fabless design houses on test development and volume operation of wafer probing and package testing. The MEMS division is a solution-oriented department for manufacturing sockets for testing fine pitch packages.

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