HYTC Co (XKRX:148930) Inventory Turnover : 2.55 (As of Jun. 2024)

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What is HYTC 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. HYTC Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ₩6,879 Mil. HYTC Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ₩2,697 Mil. HYTC Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.55.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. HYTC Co's Days Inventory for the three months ended in Jun. 2024 was 35.78.

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. HYTC Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.31.

HYTC Co Inventory Turnover Historical Data

The historical data trend for HYTC 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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HYTC Co Inventory Turnover Chart

HYTC Co Annual Data

Trend

Dec11

Dec12

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.04

17.49

15.32

13.57

15.67

HYTC Co Quarterly Data
	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial								3.48	3.48	3.85	2.61	2.55

HYTC Co Inventory Turnover Calculation

HYTC 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 )
=	31058.227	/ (	(1740.433	+	2224.151)	/	2 )
=	31058.227	/	1982.292
=	15.67

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

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	6879.276	/ (	(2504.263	+	2889.986)	/	2 )
=	6879.276	/	2697.1245
=	2.55

HYTC Co (XKRX:148930) 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.

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

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	2697.1245	/	6879.276	*	365 / 4
	=	35.78

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	2697.1245	/	8762.482
	=	0.31

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.

HYTC Co Inventory Turnover Related Terms

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HYTC Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » HYTC Co Ltd (XKRX:148930) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

9-14, Sanbon-ro, 101 beon-gil, Gyeonggi-do, Gunpo-si, KOR

Website

http://www.hyseoul.com

HYTC Co Ltd operates electronic component development businesses. The company produces battery equipment parts, battery precision parts, battery molds, insulated board punching molds, Center of Jelly-roll, and PX- Shafts.

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