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Green Resource Co (XKRX:402490) Inventory Turnover : 3.18 (As of Jun. 2024)


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What is Green Resource 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. Green Resource Co's Cost of Goods Sold for the six months ended in Jun. 2024 was ₩4,870 Mil. Green Resource Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ₩1,532 Mil. Green Resource Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 3.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Green Resource Co's Days Inventory for the six months ended in Jun. 2024 was 57.41.

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. Green Resource Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.18.

Green Resource Co Inventory Turnover Historical Data

The historical data trend for Green Resource 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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Green Resource Co Inventory Turnover Chart

Green Resource Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Inventory Turnover
11.02 16.08 32.79 10.93

Green Resource Co Semi-Annual Data
Jun22 Dec22 Jun23 Dec23 Jun24
Inventory Turnover - 15.13 7.37 5.53 3.18

Green Resource Co Inventory Turnover Calculation

Green Resource 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 )
=9523.572 / ((759.651 + 982.621) / 2 )
=9523.572 / 871.136
=10.93

Green Resource Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

Inventory Turnover (Q: Jun. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2024 ) / ((Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Jun. 2024 )) / count )
=4869.917 / ((982.621 + 2081.193) / 2 )
=4869.917 / 1531.907
=3.18

* 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.

Green Resource Co  (XKRX:402490) 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.

Green Resource Co's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2024 )/Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=1531.907/4869.917*365 / 2
=57.41

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.

Green Resource Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2024 ) / Revenue (Q: Jun. 2024 )
=1531.907 / 8416.565
=0.18

* 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.

Green Resource Co Inventory Turnover Related Terms

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Green Resource Co Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Green Resource Co Ltd (XKRX:402490) » Definitions » Inventory Turnover
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Address
39 Gajeong-ro 37beon-gil, Seo-gu, Gajwa-dong, Incheon, KOR, 404-812
Website
http://www.greenresource.kr
Green Resource Co Ltd is a company whose main business is manufacturing and coating materials for protective coatings that improve corrosion resistance and plasma resistance applied to parts for semiconductor and display processing equipment. The company is the supplier in Korea regarding rare earth products, rare metals, nano powders, ceramic powder, and other materials used in high-tech industry.

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