GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Nara Mold & Die Co Ltd (XKRX:051490) » Definitions » Inventory Turnover

Nara Mold & Die Co (XKRX:051490) Inventory Turnover : 0.67 (As of Mar. 2024)


View and export this data going back to 2001. Start your Free Trial

What is Nara Mold & Die 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. Nara Mold & Die Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩42,291 Mil. Nara Mold & Die Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩63,000 Mil. Nara Mold & Die Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.67.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nara Mold & Die Co's Days Inventory for the three months ended in Mar. 2024 was 135.93.

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. Nara Mold & Die Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.27.


Nara Mold & Die Co Inventory Turnover Historical Data

The historical data trend for Nara Mold & Die 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.

* Premium members only.

Nara Mold & Die Co Inventory Turnover Chart

Nara Mold & Die Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.43 2.82 2.96 3.15 3.31

Nara Mold & Die 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.81 0.80 0.87 0.72 0.67

Nara Mold & Die Co Inventory Turnover Calculation

Nara Mold & Die 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 )
=201531.782 / ((61320.036 + 60548.33) / 2 )
=201531.782 / 60934.183
=3.31

Nara Mold & Die 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 )
=42290.839 / ((60548.33 + 65452.307) / 2 )
=42290.839 / 63000.3185
=0.67

* 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.


Nara Mold & Die Co  (XKRX:051490) 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.

Nara Mold & Die 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
=63000.3185/42290.839*365 / 4
=135.93

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.

Nara Mold & Die 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 )
=63000.3185 / 49456.017
=1.27

* 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.


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.


Nara Mold & Die Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Nara Mold & Die Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Nara Mold & Die Co (XKRX:051490) Business Description

Traded in Other Exchanges
N/A
Address
50-1, Sungju-dong, Gyeongsangnam-do, Changwon-si, KOR, 641-120
Nara Mold & Die Co Ltd is a Korea based company engaged in the business of manufacturing press die and plastic molds. The products offered by the company are for electronic appliances, display, automobiles, and mobile phone. The organization is involved in the business field of High Precision and Large Press Die; Compact Precision and Large Plastic Injection Mold; and Mass production of parts and components. The organization has a business presence in Korea and other countries.

Nara Mold & Die Co (XKRX:051490) Headlines

No Headlines