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Nobland International (XKRX:145170) Inventory Turnover : 1.37 (As of Sep. 2024)


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What is Nobland International 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. Nobland International's Cost of Goods Sold for the three months ended in Sep. 2024 was ₩114,859 Mil. Nobland International's Average Total Inventories for the quarter that ended in Sep. 2024 was ₩84,028 Mil. Nobland International's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nobland International's Days Inventory for the three months ended in Sep. 2024 was 66.76.

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. Nobland International's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.59.

Nobland International Inventory Turnover Historical Data

The historical data trend for Nobland International'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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Nobland International Inventory Turnover Chart

Nobland International Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Inventory Turnover
5.85 5.13 4.86 4.22

Nobland International Quarterly Data
Dec22 Jun23 Sep23 Dec23 Jun24 Sep24
Inventory Turnover Get a 7-Day Free Trial 1.03 1.76 1.06 1.13 1.37

Nobland International Inventory Turnover Calculation

Nobland International'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 )
=389632.088 / ((90992.721 + 93855.246) / 2 )
=389632.088 / 92423.9835
=4.22

Nobland International'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 )
=114858.787 / ((94612.33 + 73443.961) / 2 )
=114858.787 / 84028.1455
=1.37

* 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.

Nobland International  (XKRX:145170) 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.

Nobland International'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
=84028.1455/114858.787*365 / 4
=66.76

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.

Nobland International'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 )
=84028.1455 / 143227.739
=0.59

* 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.

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.

Nobland International Inventory Turnover Related Terms

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Nobland International Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Nobland International Inc (XKRX:145170) » Definitions » Inventory Turnover
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Address
Ogeumro 46 Gil, Nobland B/D 49, Songpagu, Seoul, KOR, 05785
Website
http://www.nobland.com
Nobland International Inc is a Korea-based apparel manufacturing company. The company manufactures, cuts, and sews knitted and woven wear products for New York-based Designer Brand. The company allows collaboration and customization services to tailor needs of client group with the help of its Full Service Vendor Model.

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