ALMAC Co (XKRX:354320) Inventory Turnover : 0.98 (As of Sep. 2024)

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What is ALMAC 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. ALMAC Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ₩36,289 Mil. ALMAC Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ₩37,141 Mil. ALMAC Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.98.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ALMAC Co's Days Inventory for the three months ended in Sep. 2024 was 93.39.

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. ALMAC Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.89.

ALMAC Co Inventory Turnover Historical Data

The historical data trend for ALMAC 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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ALMAC Co Inventory Turnover Chart

ALMAC Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

5.69

4.65

4.04

4.70

5.95

ALMAC Co Quarterly Data
	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial						1.05	1.18	0.99	0.97	0.98

ALMAC Co Inventory Turnover Calculation

ALMAC 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 )
=	179159.057	/ (	(29878.292	+	30393.759)	/	2 )
=	179159.057	/	30136.0255
=	5.95

ALMAC Co's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	36288.522	/ (	(39410.658	+	34871.861)	/	2 )
=	36288.522	/	37141.2595
=	0.98

ALMAC Co (XKRX:354320) 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.

ALMAC Co's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	37141.2595	/	36288.522	*	365 / 4
	=	93.39

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.

ALMAC Co's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	37141.2595	/	41749.3
	=	0.89

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.

ALMAC Co Inventory Turnover Related Terms

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ALMAC Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » ALMAC Co Ltd (XKRX:354320) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

148 Gongdan-ro, Seongsan-gu, Gyeongsangnam-do, Changwon-si, KOR

Website

http://www.almac.co.kr

ALMAC Co Ltd engages in specializing in aluminum extrusion. It offers aluminum extrusion parts of batteries for electric vehicles and is a global company mainly targeting overseas electric vehicle markets. Its product offerings comprise EV battery module cases, battery pack frames, electric vehicle platforms, Bumper, dustproof, body structural parts, process automation rails, industrial facility frames, and Cylindrical material used in manufacturing extruded products.

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