POSCO Holdings (POSCO Holdings) Days Inventory : 71.85 (As of Dec. 2023)

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What is POSCO Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). POSCO Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $10,604 Mil. POSCO Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $13,466 Mil. Hence, POSCO Holdings's Days Inventory for the three months ended in Dec. 2023 was 71.85.

The historical rank and industry rank for POSCO Holdings's Days Inventory or its related term are showing as below:

PKX' s Days Inventory Range Over the Past 10 Years
Min: 67.72 Med: 72.57 Max: 77.32
Current: 76.57

During the past 13 years, POSCO Holdings's highest Days Inventory was 77.32. The lowest was 67.72. And the median was 72.57.

PKX's Days Inventory is ranked better than
56.97% of 574 companies
in the Steel industry
Industry Median: 85.7 vs PKX: 76.57

POSCO Holdings's Days Inventory declined from Dec. 2022 (77.15) to Dec. 2023 (71.85).

Inventory Turnover measures how fast the company turns over its inventory within a year. POSCO Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 1.27.

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. POSCO Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.74.

POSCO Holdings Days Inventory Historical Data

The historical data trend for POSCO Holdings's Days Inventory 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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POSCO Holdings Days Inventory Chart

POSCO Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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74.76

69.45

75.46

79.59

77.67

POSCO Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															77.15	79.35	75.56	79.24	71.85

Competitive Comparison of POSCO Holdings's Days Inventory

For the Steel subindustry, POSCO Holdings's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

POSCO Holdings's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, POSCO Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where POSCO Holdings's Days Inventory falls into.

POSCO Holdings Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

POSCO Holdings's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (12472.067	+	10599.181)	/	2 )	/	54209.285	*	365
=	11535.624					/	54209.285	*	365
=	77.67

POSCO Holdings's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (10608.549	+	10599.181)	/	2 )	/	13466.433	*	365 / 4
=	10603.865					/	13466.433	*	365 / 4
=	71.85

POSCO Holdings (NYSE:PKX) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

POSCO Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	13466.433	/	10603.865
	=	1.27

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.

POSCO Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10603.865	/	14308.644
	=	0.74

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

POSCO Holdings Days Inventory Related Terms

Thank you for viewing the detailed overview of POSCO Holdings's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

POSCO Holdings (POSCO Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » POSCO Holdings Inc (NYSE:PKX) » Definitions » Days Inventory

Traded in Other Exchanges

005490:Korea PKX:Germany PKX:Germany P1KX34:Brazil

Address

POSCO Center, 440 Teheran-ro, Gangnam-gu, Seoul, KOR, 06194

Website

https://www.posco.co.kr

POSCO Holdings Inc is a holding company and operates through its subsidiaries. The company's operating segments are 1) Steel Segment includes the production and sale of steel products. 2) Green Infrastructure Business includes the provision of infrastructure and related services. The segment is divided into three operations, Trading Segment consists trading and natural resources development activities. Construction Segment consists planning, designing and construction of industrial plants, civil engineering projects and buildings. The energy and Other Segment consists power generation and information technology and operational technology services. 3) Green Materials and Energy Segment include manufacturing and sale of energy-related and other industrial materials, 4) Others Segment.