Samyang (XKRX:145990) Inventory Turnover : 1.42 (As of Sep. 2024)

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What is Samyang 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. Samyang's Cost of Goods Sold for the three months ended in Sep. 2024 was ₩533,800 Mil. Samyang's Average Total Inventories for the quarter that ended in Sep. 2024 was ₩375,759 Mil. Samyang's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Samyang's Days Inventory for the three months ended in Sep. 2024 was 64.23.

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. Samyang's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.57.

Samyang Inventory Turnover Historical Data

The historical data trend for Samyang'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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Samyang Inventory Turnover Chart

Samyang Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.04

5.88

5.71

5.39

5.38

Samyang 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															1.41	1.36	1.40	1.49	1.42

Samyang Inventory Turnover Calculation

Samyang'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 )
=	2187134.623	/ (	(420581.354	+	393118.763)	/	2 )
=	2187134.623	/	406850.0585
=	5.38

Samyang'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 )
=	533800.073	/ (	(378548.174	+	372969.213)	/	2 )
=	533800.073	/	375758.6935
=	1.42

Samyang (XKRX:145990) 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.

Samyang'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
	=	375758.6935	/	533800.073	*	365 / 4
	=	64.23

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.

Samyang'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 )
	=	375758.6935	/	660623.897
	=	0.57

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.

Samyang Inventory Turnover Related Terms

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Samyang Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Samyang Corp (XKRX:145990) » Definitions » Inventory Turnover

Traded in Other Exchanges

145995:Korea

Address

263 Yeonji-dong, Jongno-gu, Seoul, KOR

Website

http://www.samyangcorp.com

Samyang Corporation is a South Korea based company that manufactures groceries, chemicals and medicines. The company also engages in the manufacture of engineering plastic industrial material and assorted feed. Its main business fields include Chemicals and Foodstuffs. The Chemicals business category encompasses around the Engineering Plastics and on PET-Based Products (Industrial Fiber and Bottles). The Foodstuffs segment provides a wide range of food products covering Sugar, Flour, Vegetable Oils, Margarine, Shortening and Baking Mix.

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