GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Korea Miracle People Co Ltd (XKRX:331660) » Definitions » Inventory Turnover

Korea Miracle People Co (XKRX:331660) Inventory Turnover : 6.37 (As of Dec. 2023)


View and export this data going back to 2019. Start your Free Trial

What is Korea Miracle People 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. Korea Miracle People Co's Cost of Goods Sold for the six months ended in Dec. 2023 was ₩24,453 Mil. Korea Miracle People Co's Average Total Inventories for the quarter that ended in Dec. 2023 was ₩3,839 Mil. Korea Miracle People Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Korea Miracle People Co's Days Inventory for the six months ended in Dec. 2023 was 28.65.

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. Korea Miracle People Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.13.

Korea Miracle People Co Inventory Turnover Historical Data

The historical data trend for Korea Miracle People 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.

Korea Miracle People Co Inventory Turnover Chart

Korea Miracle People Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
10.48 10.91 6.38 5.76 6.37

Korea Miracle People Co Semi-Annual Data
Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover 10.48 10.91 6.38 5.76 6.37

Korea Miracle People Co Inventory Turnover Calculation

Korea Miracle People 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 )
=24453.249 / ((4641.476 + 3036.886) / 2 )
=24453.249 / 3839.181
=6.37

Korea Miracle People 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 )
=24453.249 / ((4641.476 + 3036.886) / 2 )
=24453.249 / 3839.181
=6.37

* 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.

Korea Miracle People Co  (XKRX:331660) 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.

Korea Miracle People 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
=3839.181/24453.249*365 / 2
=28.65

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.

Korea Miracle People 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 )
=3839.181 / 29813.864
=0.13

* 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.

Korea Miracle People Co Inventory Turnover Related Terms

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

Korea Miracle People Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Korea Miracle People Co Ltd (XKRX:331660) » Definitions » Inventory Turnover
Comparable Companies
XKRX:286000 XKRX:257990 XKRX:233990 XKRX:250030 XKRX:266870 XKRX:086220 XKRX:270210 XKRX:317860 XKRX:227610 XKRX:123330 PG XPAR:OR LSE:ULVR EL BOM:500696 CL LSE:RKT KMB XTER:HEN3 XTER:BEI
Traded in Other Exchanges
N/A
Address
94-1, Yongjeong Economic Road 1-gil, Gunnae-myeon, Gyeonggi-do, Pocheon-si, KOR
Website
http://www.kmpc.co.kr
Korea Miracle People Co Ltd is a multipurpose cleaner manufacturer that researches and develops eco-friendly cleaners that are safe for both humans and the environment. The cleaners are generally offered for household use.

Korea Miracle People Co Headlines

No Headlines