Hyungji Elite (XKRX:093240) Inventory Turnover : 1.27 (As of Dec. 2023)

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What is Hyungji Elite 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. Hyungji Elite's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩27,934 Mil. Hyungji Elite's Average Total Inventories for the quarter that ended in Dec. 2023 was ₩22,034 Mil. Hyungji Elite's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hyungji Elite's Days Inventory for the three months ended in Dec. 2023 was 71.98.

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. Hyungji Elite's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.67.

Hyungji Elite Inventory Turnover Historical Data

The historical data trend for Hyungji Elite'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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Hyungji Elite Inventory Turnover Chart

Hyungji Elite Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

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1.91

2.25

2.57

3.86

5.20

Hyungji Elite Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.15	0.97	1.83	1.04	1.27

Hyungji Elite Inventory Turnover Calculation

Hyungji Elite's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	75679.287	/ (	(12103.198	+	17006.844)	/	2 )
=	75679.287	/	14555.021
=	5.20

Hyungji Elite'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	27934.484	/ (	(21444.737	+	22622.873)	/	2 )
=	27934.484	/	22033.805
=	1.27

Hyungji Elite (XKRX:093240) 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.

Hyungji Elite's Days Inventory for the three 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
	=	22033.805	/	27934.484	*	365 / 4
	=	71.98

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.

Hyungji Elite'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 )
	=	22033.805	/	32716.014
	=	0.67

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.

Hyungji Elite Inventory Turnover Related Terms

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Hyungji Elite (XKRX:093240) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Hyungji Elite Inc (XKRX:093240) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Songdogwahak-ro, 16beon-gil, 9th Floor, Carnavi.com, 13-25, Yeonsu-gu, Songdo-dong 173-1, Incheon, KOR

Website

http://www.hyungji-elite.com

Hyungji Elite Inc designs, manufactures and sells clothes. It is specialized in schooling clothes ('Elite'), corporate uniforms. It also offers sports and casual clothes.

Hyungji Elite (XKRX:093240) Headlines

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