Dongkuk Steel Mill Co spin off (XKRX:460860) Inventory Turnover : 1.35 (As of Mar. 2024)

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What is Dongkuk Steel Mill Co spin off 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. Dongkuk Steel Mill Co spin off's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩814,073 Mil. Dongkuk Steel Mill Co spin off's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩601,514 Mil. Dongkuk Steel Mill Co spin off's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dongkuk Steel Mill Co spin off's Days Inventory for the three months ended in Mar. 2024 was 67.42.

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. Dongkuk Steel Mill Co spin off's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.65.

Dongkuk Steel Mill Co spin off Inventory Turnover Historical Data

The historical data trend for Dongkuk Steel Mill Co spin off'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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Dongkuk Steel Mill Co spin off Inventory Turnover Chart

Dongkuk Steel Mill Co spin off Annual Data

Trend

Dec23

Inventory Turnover

3.72

Dongkuk Steel Mill Co spin off Quarterly Data
	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	-	1.39	1.60	1.35

Dongkuk Steel Mill Co spin off Inventory Turnover Calculation

Dongkuk Steel Mill Co spin off'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 )
=	2228051.917	/ (	(	+	598596.052)	/	1 )
=	2228051.917	/	598596.052
=	3.72

Dongkuk Steel Mill Co spin off'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 )
=	814072.665	/ (	(598596.052	+	604432.423)	/	2 )
=	814072.665	/	601514.2375
=	1.35

Dongkuk Steel Mill Co spin off (XKRX:460860) 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.

Dongkuk Steel Mill Co spin off'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
	=	601514.2375	/	814072.665	*	365 / 4
	=	67.42

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.

Dongkuk Steel Mill Co spin off'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 )
	=	601514.2375	/	927256.594
	=	0.65

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.

Dongkuk Steel Mill Co spin off Inventory Turnover Related Terms

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Dongkuk Steel Mill Co spin off (XKRX:460860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Dongkuk Steel Mill Co Ltd spin off (XKRX:460860) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

19 Eulji-ro 5-gil, Ferrum Tower, Jung-gu, Seoul, KOR

Website

https://www.dongkuk.com

Dongkuk Steel Mill Co Ltd spin off is a Korean steel company that engages in manufacturing steel products. It produces high-strength and ultra-high-strength reinforcing bars of various standards. It offers H-beams, angles, Reinforcing Bar, Seismic Resistant Bar, and channels, Threaded Bar, and steel plates.

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