GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Yulchon Co Ltd (XKRX:146060) » Definitions » Inventory Turnover

Yulchon Co (XKRX:146060) Inventory Turnover : 1.53 (As of Mar. 2024)


View and export this data going back to 2023. Start your Free Trial

What is Yulchon 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. Yulchon Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩16,420 Mil. Yulchon Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩10,749 Mil. Yulchon Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.53.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yulchon Co's Days Inventory for the three months ended in Mar. 2024 was 59.74.

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. Yulchon Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.56.

Yulchon Co Inventory Turnover Historical Data

The historical data trend for Yulchon 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.

* Premium members only.

Yulchon Co Inventory Turnover Chart

Yulchon Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Inventory Turnover
Get a 7-Day Free Trial 4.27 3.67 3.24 4.81 6.33

Yulchon Co Quarterly Data
Dec21 Jun22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Inventory Turnover Get a 7-Day Free Trial 1.71 1.52 1.61 1.59 1.53

Yulchon Co Inventory Turnover Calculation

Yulchon Co's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

Inventory Turnover (A: Dec. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2022 ) / ((Total Inventories (A: Dec. 2021 ) + Total Inventories (A: Dec. 2022 )) / count )
=63509.818 / ((10131.743 + 9938.793) / 2 )
=63509.818 / 10035.268
=6.33

Yulchon 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 )
=16419.918 / ((10571.558 + 10926.411) / 2 )
=16419.918 / 10748.9845
=1.53

* 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.

Yulchon Co  (XKRX:146060) 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.

Yulchon 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
=10748.9845/16419.918*365 / 4
=59.74

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.

Yulchon 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 )
=10748.9845 / 19156.489
=0.56

* 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.

Yulchon Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Yulchon Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Yulchon Co (XKRX:146060) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Yulchon Co Ltd (XKRX:146060) » Definitions » Inventory Turnover
Comparable Companies
XKRX:009190 XKRX:037760 XKRX:140520 XKRX:054540 XKRX:008420 XKRX:176590 XKRX:002220 XKRX:012620 XKRX:038010 XKRX:060380 NUE XKRX:005490 BOM:500228 TSE:5401 SHSE:600019 XAMS:MT STLD NSE:TATASTEEL RS MIC:CHMF
Traded in Other Exchanges
N/A
Address
192, Gongdan 2-daero, Siheung-si, Gyeonggi-do, Seoul, KOR, 15102
Website
http://www.ycpipe.com
Yulchon Co Ltd is a Company engaged in manufacturing of Cold drawing precision steel tubes which is used for automobile parts, heat exchangers, machinery.

Yulchon Co (XKRX:146060) Headlines

No Headlines