Bluemtec Co (XKRX:439580) Inventory Turnover : 2.45 (As of Sep. 2024)

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What is Bluemtec 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. Bluemtec Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ₩41,889 Mil. Bluemtec Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ₩17,115 Mil. Bluemtec Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 2.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Bluemtec Co's Days Inventory for the three months ended in Sep. 2024 was 37.28.

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. Bluemtec Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.36.

Bluemtec Co Inventory Turnover Historical Data

The historical data trend for Bluemtec 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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Bluemtec Co Inventory Turnover Chart

Bluemtec Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

16.09

15.47

10.46

10.53

Bluemtec Co Quarterly Data
	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial					4.18	2.42	2.05	1.72	2.45

Bluemtec Co Inventory Turnover Calculation

Bluemtec 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 )
=	99656.424	/ (	(7996.23	+	10927.09)	/	2 )
=	99656.424	/	9461.66
=	10.53

Bluemtec 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 )
=	41888.875	/ (	(13409.766	+	20820.275)	/	2 )
=	41888.875	/	17115.0205
=	2.45

Bluemtec Co (XKRX:439580) 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.

Bluemtec 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
	=	17115.0205	/	41888.875	*	365 / 4
	=	37.28

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.

Bluemtec 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 )
	=	17115.0205	/	47131.146
	=	0.36

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.

Bluemtec Co Inventory Turnover Related Terms

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Bluemtec Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Bluemtec Co Ltd (XKRX:439580) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

45 Dream Industrial Complex 1-ro, Cheongbuk-eup, Gyeonggi-do, Pyeongtaek-si, KOR

Website

https://www.bluemtec.com

Bluemtec Co Ltd is a company whose main business is selling prescription drugs through an e-commerce platform. It operates two pharmaceutical distribution platforms, BluePharmKorea targeting hospitals and clinics, and KoolPharm targeting pharmacies and provide IT services to operate and advance these two platforms. In addition, it is operating BlueLabs, which provides services and website development for pharmaceutical companies and medical institutions.

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