MX On (XKRX:347890) Inventories, Work In Process: ₩1,340 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XKRX:347890 MX On Corp XKRX:347890
72 GF Score
Price ₩4,735.00
GF Value ₩16,830.53
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is MX On Inventories, Work In Process?

MX On XKRX:347890 -1.04% 72 Inventories, Work In Process is ₩1,340 Mil as of Mar. 2026. GuruFocus rates XKRX:347890 with a GF Score™ of 72/100 and a GF Value™ of ₩16,830.53 (Possible Value Trap). The stock has 6 warning signs investors should review.

Work in process is the part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. MX On's work in process for the quarter that ended in Mar. 2026 was ₩1,340 Mil.

MX On Inventories, Work In Process Historical Data

* Premium members only.

The historical data trend for MX On's Inventories, Work In Process 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.

MX On Inventories, Work In Process Chart

MX On Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventories, Work In Process
Get a 7-Day Free Trial 417.02 1,292.93 1,985.53 1,037.52 1,331.16

MX On Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Inventories, Work In Process Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,226.98 1,929.39 1,785.09 1,331.16 1,340.07
XKRX:347890
72GF Score
MX On Corp XKRX:347890
Inventories, Work In Process is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MX On Inventories, Work In Process Calculation

That part of a manufacturer's inventory that is in the production process and has not yet been completed and transferred to the finished goods inventory. This account contains the cost of the direct material, direct labor, and factory overhead placed into the products on the factory floor. A manufacturer must disclose in its financial statements the cost of its work-in-process as well as the cost of finished goods and materials on hand.

What does a Inventories, Work In Process of ₩1,340 Mil mean?
MX On (XKRX:347890) has a Inventories, Work In Process of ₩1,340 Mil as of Mar. 2026. Work in progress is the portion of inventory containing goods that are unfinished. View historical data on MX On and its competitors.
Is MX On's Inventories, Work In Process too high?
MX On's current Inventories, Work In Process is ₩1,340 Mil. Overall, MX On has a GF Score™ of 72/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MX On's Inventories, Work In Process compare to DELL and ANET?
MX On's Inventories, Work In Process of ₩1,340 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventories, Work In Process for a Hardware company?
A good Inventories, Work In Process depends on the Hardware industry context. However, Inventories, Work In Process should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventories, Work In Process mean?
A high Inventories, Work In Process can signal that a stock is expensive relative to its fundamentals. Work in progress is the portion of inventory containing goods that are unfinished. View historical data on MX On and its competitors. MX On's current Inventories, Work In Process is ₩1,340 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MX On stock overvalued right now?
Based on GuruFocus' analysis, MX On (XKRX:347890) is currently considered Possible Value Trap. The stock's GF Value™ is ₩16,830.53, compared to a current price of ₩4,735.00 — trading 71.9% below its estimated fair value. The current Inventories, Work In Process is ₩1,340 Mil. MX On's overall GF Score™ is 72/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventories, Work In Process calculated?
Inventories, Work In Process is calculated from a company's financial statements. For MX On (XKRX:347890), the current Inventories, Work In Process is ₩1,340 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MX On (XKRX:347890) Overvalued in 2026?

Based on GuruFocus' analysis, MX On stock appears to be undervalued. The current stock price of ₩4,735.00 is trading 71.9% below its estimated GF Value™ of ₩16,830.53. GuruFocus considers MX On to be Possible Value Trap.

Key valuation signals for XKRX:347890:

  • Inventories, Work In Process: ₩1,340 Mil
  • GF Value™: ₩16,830.53 vs. price of ₩4,735.00 (71.9% below fair value)
  • GF Score™: 72/100 with 6 warning signs

No single metric tells the full story. See the XKRX:347890 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

MX On Business Description

Address 11-35, Simindae-ro 327beongil, Dongan-gu, Gyeonggi-do, Anyang-si, KOR
MX On Corp, formerly known as M2I Corp, is engaged in the manufacturing and export of HMI systems for industrial automation applications and other applications such as the information service system and building automation system. The company also provides smart SCADA (Supervisory Control And Data Acquisition), and smart factory solutions, which are essential components for building smart factories.
72GF Score

Get the complete analysis for XKRX:347890

Inventories, Work In Process is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₩4,735.00
Price
₩16,830.53
GF Value