AVATEC Co (XKRX:149950) Inventory Turnover : 1.41 (As of Jun. 2024)

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What is AVATEC 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. AVATEC Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ₩18,377 Mil. AVATEC Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ₩13,073 Mil. AVATEC Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. AVATEC Co's Days Inventory for the three months ended in Jun. 2024 was 64.91.

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. AVATEC Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.53.

AVATEC Co Inventory Turnover Historical Data

The historical data trend for AVATEC 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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AVATEC Co Inventory Turnover Chart

AVATEC Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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54.38

63.12

25.19

10.45

6.97

AVATEC Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															1.85	2.14	1.65	1.47	1.41

AVATEC Co Inventory Turnover Calculation

AVATEC 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 )
=	68446.594	/ (	(8636.175	+	10992.584)	/	2 )
=	68446.594	/	9814.3795
=	6.97

AVATEC 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 )
=	18377.085	/ (	(13123.518	+	13021.97)	/	2 )
=	18377.085	/	13072.744
=	1.41

AVATEC Co (XKRX:149950) 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.

AVATEC 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
	=	13072.744	/	18377.085	*	365 / 4
	=	64.91

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.

AVATEC 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 )
	=	13072.744	/	24828.431
	=	0.53

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.

AVATEC Co Inventory Turnover Related Terms

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AVATEC Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AVATEC Co Ltd (XKRX:149950) » Definitions » Inventory Turnover

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Address

100 Dalseodaero 85-gil, Dalseo-gu, Daegu, KOR, 704-240

Website

http://www.avatec.co.kr

AVATEC Co Ltd is engaged in manufacturing of electronic components and liquid crystal display components. It has etching/ITO coating, tempered glass, touch panel, and coating businesses. Its products include tempered glasses, thin film coating products, anti-reflection, and AF coating glass products, automotive window/room mirror coating; EMI filter glass products; high reflection mirrors, copy machines, and scanners or optics related components; and low emissivity glass products.

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