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Apex Intec Co (XKRX:207490) Inventory Turnover : 5.22 (As of Dec. 2023)


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What is Apex Intec 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. Apex Intec Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ₩19,080 Mil. Apex Intec Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ₩3,656 Mil. Apex Intec Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Apex Intec Co's Days Inventory for the six months ended in Dec. 2023 was 34.97.

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. Apex Intec Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.14.

Apex Intec Co Inventory Turnover Historical Data

The historical data trend for Apex Intec 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.

Apex Intec Co Inventory Turnover Chart

Apex Intec Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial 3.95 4.85 5.18 4.51 5.22

Apex Intec Co Semi-Annual Data
Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover Get a 7-Day Free Trial 3.95 4.85 5.18 4.51 5.22

Apex Intec Co Inventory Turnover Calculation

Apex Intec 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 )
=19080.101 / ((3564.867 + 3747.746) / 2 )
=19080.101 / 3656.3065
=5.22

Apex Intec Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Dec. 2022 ) + Total Inventories (Q: Dec. 2023 )) / count )
=19080.101 / ((3564.867 + 3747.746) / 2 )
=19080.101 / 3656.3065
=5.22

* 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.

Apex Intec Co  (XKRX:207490) 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.

Apex Intec Co's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=3656.3065/19080.101*365 / 2
=34.97

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.

Apex Intec Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=3656.3065 / 25452.72
=0.14

* 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.

Apex Intec Co Inventory Turnover Related Terms

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Apex Intec Co (XKRX:207490) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Apex Intec Co Ltd (XKRX:207490) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
619-9, Indonggasan-Ro, Gasan-Myeon, Gyeongbuk, Chilgok-Gun, KOR
Website
http://www.apexint.co.kr
Apex Intec Co Ltd is engaged in designing and manufacturing of LED design. The company's products include LED indoor and outdoor lighting, architechural lighting, and innovative solar power generation device.

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