Neuromeka Co (XKRX:348340) Inventory Turnover : 0.84 (As of Mar. 2024)

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What is Neuromeka 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. Neuromeka Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩2,850 Mil. Neuromeka Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩3,389 Mil. Neuromeka Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Neuromeka Co's Days Inventory for the three months ended in Mar. 2024 was 108.53.

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. Neuromeka Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.93.

Neuromeka Co Inventory Turnover Historical Data

The historical data trend for Neuromeka 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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Neuromeka Co Inventory Turnover Chart

Neuromeka Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.37

0.82

1.59

2.84

4.12

Neuromeka Co Quarterly Data
	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial					0.15	0.66	0.59	1.56	0.84

Neuromeka Co Inventory Turnover Calculation

Neuromeka 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 )
=	12521.452	/ (	(2916.066	+	3160.044)	/	2 )
=	12521.452	/	3038.055
=	4.12

Neuromeka 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 )
=	2849.693	/ (	(3160.044	+	3618.759)	/	2 )
=	2849.693	/	3389.4015
=	0.84

Neuromeka Co (XKRX:348340) 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.

Neuromeka 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
	=	3389.4015	/	2849.693	*	365 / 4
	=	108.53

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.

Neuromeka 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 )
	=	3389.4015	/	3639.055
	=	0.93

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.

Neuromeka Co Inventory Turnover Related Terms

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Neuromeka Co (XKRX:348340) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Neuromeka Co Ltd (XKRX:348340) » Definitions » Inventory Turnover

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Address

7 Yeonmujang 5-ga-gil, 15th floor, Hyundai Terrace Tower, W Building, Seongdong-gu, Seoul, KOR, 04782

Website

https://www.neuromeka.com

Neuromeka Co Ltd is a robot company. It is building a robot as a service platform business ecosystem centered on collaborative robots so that even small and medium-sized manufacturing companies without robot experts can introduce and operate robot automation without burden.

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