Nexen Tire (XKRX:002350) Change In Inventory : ₩-6,677 Mil (TTM As of Mar. 2024)

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What is Nexen Tire Change In Inventory?

Nexen Tire's change in inventory for the quarter that ended in Mar. 2024 was ₩6,214 Mil. It means Nexen Tire's inventory declined by ₩6,214 Mil from Dec. 2023 to Mar. 2024 .

Nexen Tire's change in inventory for the fiscal year that ended in Dec. 2023 was ₩2,079 Mil. It means Nexen Tire's inventory declined by ₩2,079 Mil from Dec. 2022 to Dec. 2023 .

Nexen Tire's Total Inventories for the quarter that ended in Mar. 2024 was ₩642,005 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nexen Tire's Days Inventory for the quarter that ended in Mar. 2024 was 116.90.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nexen Tire's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.78.

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. Nexen Tire's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.95.

Nexen Tire Change In Inventory Historical Data

The historical data trend for Nexen Tire's Change In 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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Nexen Tire Change In Inventory Chart

Nexen Tire Annual Data

Trend

Dec14

Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-78,281.26

31,951.34

-141,031.01

-149,584.83

2,079.24

Nexen Tire Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															14,970.59	-5,116.37	13,189.40	-20,964.38	6,214.44

Nexen Tire Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩-6,677 Mil.

Nexen Tire (XKRX:002350) Change In Inventory Explanation

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

Nexen Tire's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	641389.3765	/	500648.138	*	365 / 4
	=	116.90

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

Nexen Tire's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	500648.138	/	641389.3765
	=	0.78

3. 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.

Nexen Tire's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	641389.3765	/	678084.342
	=	0.95

Nexen Tire Change In Inventory Related Terms

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Nexen Tire (XKRX:002350) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nexen Tire Corp (XKRX:002350) » Definitions » Change In Inventory

Traded in Other Exchanges

002355:Korea

Address

355, Chungryeol-ro, Gyeongsangnam-do, Yangsan-si, KOR

Website

http://www.nexentire.com

Nexen Tire Corp manufactures, markets and exports tires. The firm has divided its business in the passenger car, SUV, Van and light truck, Global OE, Solid tire and Tube and Flap and all seasons divisions. The company has manufacturing facilities in Korea and China and has research and development facilities in the U.S., China, and Germany.

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