Gaia Co (XKRX:296520) Inventory Turnover : 2.65 (As of Dec. 2023)

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What is Gaia 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. Gaia Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ₩21,008 Mil. Gaia Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ₩7,924 Mil. Gaia Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.65.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Gaia Co's Days Inventory for the six months ended in Dec. 2023 was 68.84.

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. Gaia Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.

Gaia Co Inventory Turnover Historical Data

The historical data trend for Gaia 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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Gaia Co Inventory Turnover Chart

Gaia Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.64

2.59

2.47

2.98

2.65

Gaia Co Semi-Annual Data
	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Inventory Turnover	Get a 7-Day Free Trial			3.64	2.59	2.47	2.98	2.65

Gaia Co Inventory Turnover Calculation

Gaia 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 )
=	21008.198	/ (	(7720.049	+	8127.735)	/	2 )
=	21008.198	/	7923.892
=	2.65

Gaia 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 )
=	21008.198	/ (	(7720.049	+	8127.735)	/	2 )
=	21008.198	/	7923.892
=	2.65

Gaia Co (XKRX:296520) 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.

Gaia 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
	=	7923.892	/	21008.198	*	365 / 2
	=	68.84

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.

Gaia 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 )
	=	7923.892	/	31675.783
	=	0.25

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.

Gaia Co Inventory Turnover Related Terms

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Gaia Co (XKRX:296520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Gaia Corp Co Ltd (XKRX:296520) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

24 Jeongbalsan-ro, Ilsandong-gu, 9th Floor, T4-901 to 909, Janghang-dong, Western Dome 2, Gyeonggi-do, Goyang-si,, KOR

Website

https://www.gaiabiz.co.kr

Gaia Corp Co Ltd engages in manufacturing and distributing toys and baby products.

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