iWin Co (XKRX:090150) Inventory Turnover : 0.79 (As of Mar. 2024)

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What is iWin 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. iWin Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩20,522 Mil. iWin Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩26,113 Mil. iWin Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. iWin Co's Days Inventory for the three months ended in Mar. 2024 was 116.11.

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. iWin Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.93.

iWin Co Inventory Turnover Historical Data

The historical data trend for iWin 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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iWin Co Inventory Turnover Chart

iWin Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.37

3.86

3.67

3.07

3.14

iWin Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.71	0.84	0.69	0.80	0.79

iWin Co Inventory Turnover Calculation

iWin 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 )
=	80207.235	/ (	(25857.146	+	25160.544)	/	2 )
=	80207.235	/	25508.845
=	3.14

iWin Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	20522.219	/ (	(25160.544	+	27065.743)	/	2 )
=	20522.219	/	26113.1435
=	0.79

iWin Co (XKRX:090150) 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.

iWin Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	26113.1435	/	20522.219	*	365 / 4
	=	116.11

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.

iWin Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	26113.1435	/	28081.258
	=	0.93

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.

iWin Co Inventory Turnover Related Terms

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iWin Co (XKRX:090150) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » iWin Co Ltd (XKRX:090150) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

841-4, Ballyong-Ri, Jangan-Eup, Gijang-Gun, Busan, KOR

Website

http://www.kwangjinwintec.com

iWin Co Ltd, formerly Kwangjin Wintec Co Ltd is a Korea-based company engaged in the manufacturing and distribution of automobile parts. Its products portfolio consists of seat heaters, which use carbon fibers as heating element and control the temperature through thermostats; climatic seats, which eliminate heat and sweat on the back and buttocks by forcing the cold air from air conditioning to circulate by fans; heated steering wheel covers, which eliminate chills from steering wheels by using heating materials, as well as textiles for car seats.

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