Shin Steel Co (XKRX:162300) Inventory Turnover : 1.68 (As of Dec. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Shin Steel 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. Shin Steel Co's Cost of Goods Sold for the three months ended in Dec. 2024 was ₩91,274 Mil. Shin Steel Co's Average Total Inventories for the quarter that ended in Dec. 2024 was ₩54,303 Mil. Shin Steel Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shin Steel Co's Days Inventory for the three months ended in Dec. 2024 was 54.29.

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. Shin Steel Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.55.

Shin Steel Co Inventory Turnover Historical Data

The historical data trend for Shin Steel 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.

Shin Steel Co Inventory Turnover Chart

Shin Steel Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

Get a 7-Day Free Trial

9.85

10.15

9.18

7.77

8.05

Shin Steel Co Quarterly Data
	Dec17	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial													1.76	1.90	1.96	1.54	1.68

Shin Steel Co Inventory Turnover Calculation

Shin Steel Co's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	357577.246	/ (	(37891.695	+	50949.092)	/	2 )
=	357577.246	/	44420.3935
=	8.05

Shin Steel Co's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	91273.925	/ (	(57656.617	+	50949.092)	/	2 )
=	91273.925	/	54302.8545
=	1.68

Shin Steel Co (XKRX:162300) 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.

Shin Steel Co's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	54302.8545	/	91273.925	*	365 / 4
	=	54.29

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.

Shin Steel Co's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	54302.8545	/	99137.129
	=	0.55

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.

Shin Steel Co Inventory Turnover Related Terms

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

Shin Steel Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shin Steel Co Ltd (XKRX:162300) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

174, Mieumsandan 4-ro, Gangseo-gu, Busan, KOR

Website

http://www.shin-steel.com

Shin Steel Co Ltd is a steel distribution company that supplies various types of products such as Cold Rolled Steel, Galvanized Steel, Alu-Zinc Steel, Pre-Painted Steel, Stainless Steel, and Tin Plate Steel.

Shin Steel Co Headlines

No Headlines