BGFecomaterials Co (XKRX:126600) Inventory Turnover : 1.06 (As of Sep. 2024)

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What is BGFecomaterials 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. BGFecomaterials Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ₩68,962 Mil. BGFecomaterials Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ₩65,118 Mil. BGFecomaterials Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BGFecomaterials Co's Days Inventory for the three months ended in Sep. 2024 was 86.16.

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. BGFecomaterials Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.75.

BGFecomaterials Co Inventory Turnover Historical Data

The historical data trend for BGFecomaterials 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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BGFecomaterials Co Inventory Turnover Chart

BGFecomaterials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.11

4.08

4.56

4.27

3.88

BGFecomaterials Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.00	1.17	1.15	1.21	1.06

BGFecomaterials Co Inventory Turnover Calculation

BGFecomaterials 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 )
=	232318.371	/ (	(59746.786	+	60112.591)	/	2 )
=	232318.371	/	59929.6885
=	3.88

BGFecomaterials Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	68961.511	/ (	(64703.995	+	65531.132)	/	2 )
=	68961.511	/	65117.5635
=	1.06

BGFecomaterials Co (XKRX:126600) 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.

BGFecomaterials Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	65117.5635	/	68961.511	*	365 / 4
	=	86.16

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.

BGFecomaterials Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	65117.5635	/	86532.873
	=	0.75

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.

BGFecomaterials Co Inventory Turnover Related Terms

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BGFecomaterials Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BGFecomaterials Co Ltd (XKRX:126600) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

142, Sangduwon-gil, Jangan-myeon, Gyeonggi-do, Hwaseong-si, KOR

Website

http://www.bgfecomaterials.com

BGFecomaterials Co Ltd engages in the manufacture and sale of engineering plastic resin materials. The company's products include PA6, PA66, LFT, PP, and other products. Its products are used in automobile applications, such as cylinder head and timing belt covers, heat blower cases, air intake manifolds, vapor canisters, fans and shrouds, radiator and reservoir tanks, engine covers, electric connectors, washer pump housings, gearboxes/lever bases, ashtray prt, wheels/caps, pedals, side mirror and sunroof frames, roof rack parts, room lamp cases, assist grips, headrest pins. Its products are also used in electronic applications and industrial applications, which include electric wire films and main circuit breakers Electronic tool, and Chain.

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