SK Chemicals Co (XKRX:285130) Inventory Turnover : 0.79 (As of Sep. 2024)

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What is SK Chemicals 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. SK Chemicals Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ₩331,764 Mil. SK Chemicals Co's Average Total Inventories for the quarter that ended in Sep. 2024 was ₩417,852 Mil. SK Chemicals Co's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.79.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. SK Chemicals Co's Days Inventory for the three months ended in Sep. 2024 was 114.93.

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. SK Chemicals Co's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.98.

SK Chemicals Co Inventory Turnover Historical Data

The historical data trend for SK Chemicals 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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SK Chemicals Co Inventory Turnover Chart

SK Chemicals Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.55

2.78

4.01

2.92

2.97

SK Chemicals Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															0.81	0.81	0.78	0.75	0.79

SK Chemicals Co Inventory Turnover Calculation

SK Chemicals 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 )
=	1275845.805	/ (	(482753.081	+	376917.955)	/	2 )
=	1275845.805	/	429835.518
=	2.97

SK Chemicals 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 )
=	331763.811	/ (	(418161.036	+	417542.434)	/	2 )
=	331763.811	/	417851.735
=	0.79

SK Chemicals Co (XKRX:285130) 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.

SK Chemicals 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
	=	417851.735	/	331763.811	*	365 / 4
	=	114.93

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.

SK Chemicals 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 )
	=	417851.735	/	426348.303
	=	0.98

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.

SK Chemicals Co Inventory Turnover Related Terms

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SK Chemicals Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » SK Chemicals Co Ltd (XKRX:285130) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

28513K:Korea

Address

310, Pangyo-ro, Bundang-gu, Gyeonggi-do, Seongnam-si, KOR, 13494

Website

http://www.skchemicals.com

SK Chemicals Co Ltd is mainly engaged in manufacturing chemical products in Korea. The Green Chemicals of the company include Copolyester, 3D Printing Materials, Coating, and Adhesive Material, Engineering Plastic and BioMaterial among others. The company is also involved in Life science business which includes Prescription Medicines, Vaccines, and OTC Medicines.

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