Wooree Bio Co (XKRX:082850) Inventory Turnover : 2.73 (As of Mar. 2024)

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What is Wooree Bio 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. Wooree Bio Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩265,517 Mil. Wooree Bio Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩97,140 Mil. Wooree Bio Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Wooree Bio Co's Days Inventory for the three months ended in Mar. 2024 was 33.38.

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. Wooree Bio Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.33.

Wooree Bio Co Inventory Turnover Historical Data

The historical data trend for Wooree Bio 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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Wooree Bio Co Inventory Turnover Chart

Wooree Bio Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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17.57

16.39

13.12

11.46

11.93

Wooree Bio 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															2.60	2.58	3.15	2.72	2.73

Wooree Bio Co Inventory Turnover Calculation

Wooree Bio 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 )
=	1147595.941	/ (	(96821.855	+	95622.352)	/	2 )
=	1147595.941	/	96222.1035
=	11.93

Wooree Bio 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 )
=	265516.795	/ (	(95622.352	+	98657.748)	/	2 )
=	265516.795	/	97140.05
=	2.73

Wooree Bio Co (XKRX:082850) 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.

Wooree Bio 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
	=	97140.05	/	265516.795	*	365 / 4
	=	33.38

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.

Wooree Bio 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 )
	=	97140.05	/	292177.405
	=	0.33

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.

Wooree Bio Co Inventory Turnover Related Terms

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Wooree Bio Co (XKRX:082850) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Wooree Bio Co Ltd (XKRX:082850) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

79, Seonggok-ro, Danwon-gu, Kyunggy-do, Ansan-si, KOR

Website

http://www.wooreeeti.co.kr

Wooree Bio Co Ltd, formerly Wooree Eti Co Ltd is a South Korean based company engaged in the manufacturing of flexible printed circuit board (FPCB) and Cold Cathode Fluorescent Lamps. It primarily offers single side FPCB, double side FPCB, multi-layer FPCB and rigid FPCB products. The single side FPCB products used for back light units, printers and others; double side FPCB products for LCD and TSP modules, BLUs, and PDAs; multilayer FPCB products for mobile phones, TSP modules, and computers; and rigid FPCB products for mobile phones, routers, switches, and precise military equipment and medical devices. Geographically activities are carried out through South Korea.

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