Kwangmu Co (XKRX:029480) Days Inventory : 0.21 (As of Mar. 2024)

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What is Kwangmu Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Kwangmu Co's Average Total Inventories for the three months ended in Mar. 2024 was ₩2 Mil. Kwangmu Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩1,074 Mil. Hence, Kwangmu Co's Days Inventory for the three months ended in Mar. 2024 was 0.21.

The historical rank and industry rank for Kwangmu Co's Days Inventory or its related term are showing as below:

XKRX:029480' s Days Inventory Range Over the Past 10 Years
Min: 1.7 Med: 8.42 Max: 30.88
Current: 4.28

During the past 13 years, Kwangmu Co's highest Days Inventory was 30.88. The lowest was 1.70. And the median was 8.42.

XKRX:029480's Days Inventory is ranked better than
99.13% of 2408 companies
in the Hardware industry
Industry Median: 101.86 vs XKRX:029480: 4.28

Kwangmu Co's Days Inventory declined from Mar. 2023 (10.05) to Mar. 2024 (0.21).

Inventory Turnover measures how fast the company turns over its inventory within a year. Kwangmu Co's Inventory Turnover for the three months ended in Mar. 2024 was 439.57.

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. Kwangmu Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.

Kwangmu Co Days Inventory Historical Data

The historical data trend for Kwangmu Co's Days Inventory 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.

* Premium members only.

Kwangmu Co Days Inventory Chart

Kwangmu Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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9.02

5.57

3.12

1.70

4.84

Kwangmu Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															10.05	4.23	0.07	0.16	0.21

Competitive Comparison of Kwangmu Co's Days Inventory

For the Electronic Components subindustry, Kwangmu Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Kwangmu Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kwangmu Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Kwangmu Co's Days Inventory falls into.

Kwangmu Co Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Kwangmu Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (572.435	+	2.443)	/	2 )	/	21698.236	*	365
=	287.439					/	21698.236	*	365
=	4.84

Kwangmu Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (2.443	+	0)	/	1 )	/	1073.874	*	365 / 4
=	2.443					/	1073.874	*	365 / 4
=	0.21

Kwangmu Co (XKRX:029480) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Kwangmu Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1073.874	/	2.443
	=	439.57

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.

Kwangmu Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.443	/	1618.955
	=	0.00

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Kwangmu Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Kwangmu Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Kwangmu Co (XKRX:029480) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kwangmu Co Ltd (XKRX:029480) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

29 Simindae-ro, Manan-gu, Gyeonggi-do, Anyang, KOR

Website

http://www.kwangwo.co.kr

Kwangmu Co Ltd is engaged in supplying encoders and light sources, which are core parts of factory automation. Its products include Encoder sensor (Industrial Parts), Encoder sensor (Military parts), and LED Lighting.

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