Asflow Co (XKRX:159010) Inventory Turnover : 0.45 (As of Sep. 2024)

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What is Asflow 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. Asflow Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ₩14,623 Mil. Asflow Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ₩32,690 Mil. Asflow Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Asflow Co's Days Inventory for the three months ended in Sep. 2024 was 203.99.

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. Asflow Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 2.21.

Asflow Co Inventory Turnover Historical Data

The historical data trend for Asflow 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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Asflow Co Inventory Turnover Chart

Asflow Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.30

2.26

2.72

2.99

2.32

Asflow Co Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial											0.41	0.55	0.61	0.57	0.45

Asflow Co Inventory Turnover Calculation

Asflow 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 )
=	70621.765	/ (	(27545.154	+	33432.931)	/	2 )
=	70621.765	/	30489.0425
=	2.32

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

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	14623.497	/ (	(32526.012	+	32854.437)	/	2 )
=	14623.497	/	32690.2245
=	0.45

Asflow Co (XKRX:159010) 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.

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

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	32690.2245	/	14623.497	*	365 / 4
	=	203.99

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	32690.2245	/	14762.877
	=	2.21

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.

Asflow Co Inventory Turnover Related Terms

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Asflow Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Asflow Co Ltd (XKRX:159010) » Definitions » Inventory Turnover

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Address

38, Jeongnamsandan-ro, Jeongnam-myeon, Gyeonggi-do, Hwaseong-si, KOR

Website

http://www.asflow.com

Asflow Co Ltd is a technologically innovative parts and materials company specializing in manufacturing high-clean piping parts used in semiconductor equipment and high-purity special gas lines.

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