Derkwoo Electronics Co (XKRX:263600) Inventory Turnover : 1.92 (As of Dec. 2024)

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What is Derkwoo Electronics 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. Derkwoo Electronics Co's Cost of Goods Sold for the three months ended in Dec. 2024 was ₩36,442 Mil. Derkwoo Electronics Co's Average Total Inventories for the quarter that ended in Dec. 2024 was ₩18,935 Mil. Derkwoo Electronics Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Derkwoo Electronics Co's Days Inventory for the three months ended in Dec. 2024 was 47.41.

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. Derkwoo Electronics Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.44.

Derkwoo Electronics Co Inventory Turnover Historical Data

The historical data trend for Derkwoo Electronics 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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Derkwoo Electronics Co Inventory Turnover Chart

Derkwoo Electronics Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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10.27

9.57

6.94

5.54

7.67

Derkwoo Electronics Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.35	1.68	1.19	2.17	1.92

Derkwoo Electronics Co Inventory Turnover Calculation

Derkwoo Electronics 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 )
=	144476.176	/ (	(21372.102	+	16321.377)	/	2 )
=	144476.176	/	18846.7395
=	7.67

Derkwoo Electronics 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 )
=	36441.931	/ (	(21548.031	+	16321.377)	/	2 )
=	36441.931	/	18934.704
=	1.92

Derkwoo Electronics Co (XKRX:263600) 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.

Derkwoo Electronics 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
	=	18934.704	/	36441.931	*	365 / 4
	=	47.41

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.

Derkwoo Electronics 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 )
	=	18934.704	/	42605.085
	=	0.44

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.

Derkwoo Electronics Co Inventory Turnover Related Terms

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Derkwoo Electronics Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Derkwoo Electronics Co Ltd (XKRX:263600) » Definitions » Inventory Turnover

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Address

185-26, Cheomdangieop-ro, Sandong-myeon, Gyeongsangbuk-do, Gumi, KOR

Website

http://www.derkwoo.com

Derkwoo Electronics Co Ltd is engaged in the field of mobile, automotive, OLED display and Chemical industry. It offers camera modules for mobile phones; chassis tops and bottoms; middle cabinets for OLED TVs; surface treatment TV stands and automobile tail trims; and chemical products.

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