OCI Co (XKRX:456040) Inventory Turnover : 1.12 (As of Jun. 2024)

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What is OCI 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. OCI Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ₩487,607 Mil. OCI Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ₩434,164 Mil. OCI Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 1.12.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. OCI Co's Days Inventory for the three months ended in Jun. 2024 was 81.25.

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. OCI Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.77.

OCI Co Inventory Turnover Historical Data

The historical data trend for OCI 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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OCI Co Inventory Turnover Chart

OCI Co Annual Data

Trend

Dec23

Inventory Turnover

3.27

OCI Co Quarterly Data
	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	1.03	1.24	1.28	1.23	1.12

OCI Co Inventory Turnover Calculation

OCI 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: . 20 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1119318.493	/ (	(	+	342305.932)	/	1 )
=	1119318.493	/	342305.932
=	3.27

OCI 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: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	487607.062	/ (	(402866.582	+	465462.237)	/	2 )
=	487607.062	/	434164.4095
=	1.12

OCI Co (XKRX:456040) 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.

OCI Co's Days Inventory for the three 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
	=	434164.4095	/	487607.062	*	365 / 4
	=	81.25

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.

OCI 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 )
	=	434164.4095	/	566487.673
	=	0.77

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.

OCI Co Inventory Turnover Related Terms

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OCI Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » OCI Co Ltd (XKRX:456040) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

94, Sogong-ro, Jung-gu, OCI Building, Seoul, KOR, 100-718

Website

https://www.oci.co.kr

OCI Co Ltd is engaged in Solar PV Business, ESS (Energy Storage System), Cogeneration, Urban development projects, and Pharmaceutical-Bio business. The company will operate in Korea, China, and the United States.

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