Nexturnbioscience Co (XKRX:089140) Inventory Turnover : 0.70 (As of Mar. 2024)

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What is Nexturnbioscience 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. Nexturnbioscience Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩5,162 Mil. Nexturnbioscience Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩7,345 Mil. Nexturnbioscience Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nexturnbioscience Co's Days Inventory for the three months ended in Mar. 2024 was 129.85.

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. Nexturnbioscience Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.14.

Nexturnbioscience Co Inventory Turnover Historical Data

The historical data trend for Nexturnbioscience 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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Nexturnbioscience Co Inventory Turnover Chart

Nexturnbioscience Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.85

0.99

1.97

2.91

4.83

Nexturnbioscience 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															1.15	1.17	1.10	1.34	0.70

Nexturnbioscience Co Inventory Turnover Calculation

Nexturnbioscience 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 )
=	32039.201	/ (	(7022.782	+	6247.312)	/	2 )
=	32039.201	/	6635.047
=	4.83

Nexturnbioscience 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 )
=	5161.758	/ (	(6247.312	+	8442.985)	/	2 )
=	5161.758	/	7345.1485
=	0.70

Nexturnbioscience Co (XKRX:089140) 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.

Nexturnbioscience 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
	=	7345.1485	/	5161.758	*	365 / 4
	=	129.85

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.

Nexturnbioscience 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 )
	=	7345.1485	/	6419.752
	=	1.14

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.

Nexturnbioscience Co Inventory Turnover Related Terms

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Nexturnbioscience Co (XKRX:089140) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nexturnbioscience Co Ltd (XKRX:089140) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

35, Giheungdanzi-ro 121beon-gil, Giheung-gu, Gyeonggi-do, Youngin-si, KOR, 446-901

Website

http://www.nexturn.co.kr

Nexturnbioscience Co Ltd, formerly NEXTURN Co Ltd makes and sells automatic lathes. The company offers the main spindle moving CNC large automatic lathe, the main spindle fixed large automatic lathe. Its products include CNC Swiss-type Automatic Lathe; High-Temperature Display Glass Press; and Automatic Line-up Robot.

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