Cheryong Industrial Co (XKRX:147830) Inventory Turnover : 0.83 (As of Sep. 2024)

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What is Cheryong Industrial 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. Cheryong Industrial Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ₩4,442 Mil. Cheryong Industrial Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ₩5,335 Mil. Cheryong Industrial Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cheryong Industrial Co's Days Inventory for the three months ended in Sep. 2024 was 109.60.

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. Cheryong Industrial Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.82.

Cheryong Industrial Co Inventory Turnover Historical Data

The historical data trend for Cheryong Industrial 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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Cheryong Industrial Co Inventory Turnover Chart

Cheryong Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.69

7.67

5.77

5.88

4.52

Cheryong Industrial 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															0.88	1.65	0.98	1.11	0.83

Cheryong Industrial Co Inventory Turnover Calculation

Cheryong Industrial 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 )
=	29337.689	/ (	(8911.778	+	4069.736)	/	2 )
=	29337.689	/	6490.757
=	4.52

Cheryong Industrial 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 )
=	4442.151	/ (	(4874.48	+	5796.39)	/	2 )
=	4442.151	/	5335.435
=	0.83

Cheryong Industrial Co (XKRX:147830) 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.

Cheryong Industrial 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
	=	5335.435	/	4442.151	*	365 / 4
	=	109.60

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.

Cheryong Industrial 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 )
	=	5335.435	/	6530.357
	=	0.82

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.

Cheryong Industrial Co Inventory Turnover Related Terms

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Cheryong Industrial Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cheryong Industrial Co Ltd (XKRX:147830) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

339-1, Kwangjang-dong, 628 Garasam Building, Gwangjin-Gu, Seoul, KOR, 143-210

Website

http://www.cheryong.co.kr

Cheryong Industrial Co Ltd is a manufacturer and distributor of transmission and substation materials, distribution equipment, underground ship materials, and communication equipment. It provides transmission material such as built-in wire harness, double suspension insulator; distribution material consist of the Low-pressure hermetic metal diverging sleeve, Plastic reel for wire wrapping.

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