BGF Retail Co (XKRX:282330) Inventory Turnover : 9.02 (As of Mar. 2024)

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What is BGF Retail 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. BGF Retail Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩1,592,683 Mil. BGF Retail Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩176,660 Mil. BGF Retail Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 9.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. BGF Retail Co's Days Inventory for the three months ended in Mar. 2024 was 10.12.

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. BGF Retail Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.09.

BGF Retail Co Inventory Turnover Historical Data

The historical data trend for BGF Retail 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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BGF Retail Co Inventory Turnover Chart

BGF Retail Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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50.34

48.30

48.73

53.40

44.21

BGF Retail Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															11.13	11.20	10.51	9.22	9.02

BGF Retail Co Inventory Turnover Calculation

BGF Retail 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 )
=	6671994.182	/ (	(124841.356	+	176968.203)	/	2 )
=	6671994.182	/	150904.7795
=	44.21

BGF Retail Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	1592683.315	/ (	(176968.203	+	176352.53)	/	2 )
=	1592683.315	/	176660.3665
=	9.02

BGF Retail Co (XKRX:282330) 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.

BGF Retail Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	176660.3665	/	1592683.315	*	365 / 4
	=	10.12

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.

BGF Retail Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	176660.3665	/	1953820.038
	=	0.09

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.

BGF Retail Co Inventory Turnover Related Terms

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BGF Retail Co (XKRX:282330) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » BGF Retail Co Ltd (XKRX:282330) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

405 Taeheran-ro, BGF Building, Gangnam-ku, Samsung-dong, Seoul, KOR

Website

http://www.bgfretail.com

BGF Retail Co Ltd operates retailer stores in Korea. The company's business sector includes BGFnetworks, BGFhumannet, BGFlogis, and BGFfoods. BGFnetworks is engaged in the digital advertising business, cash logistics, and e-vouchers, BGFhumannet is specialized in finding human resources, BGFlogis provides distribution services, and BGFfoods operates both a food manufacturing facility and distribution center to make fresh foods such as lunch boxes, rice balls, sushi rolls, sandwiches, and hamburgers.

BGF Retail Co (XKRX:282330) Headlines

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