LG (XKRX:003550) Change In Inventory : ₩-11,795 Mil (TTM As of Dec. 2023)

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What is LG Change In Inventory?

LG's change in inventory for the quarter that ended in Dec. 2023 was ₩28,778 Mil. It means LG's inventory declined by ₩28,778 Mil from Sep. 2023 to Dec. 2023 .

LG's change in inventory for the fiscal year that ended in Dec. 2023 was ₩-11,795 Mil. It means LG's inventory increased by ₩11,795 Mil from Dec. 2022 to Dec. 2023 .

LG's Total Inventories for the quarter that ended in Dec. 2023 was ₩70,181 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LG's Days Inventory for the quarter that ended in Dec. 2023 was 4.29.

Inventory Turnover measures how fast the company turns over its inventory within a year. LG's Inventory Turnover for the quarter that ended in Dec. 2023 was 21.29.

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. LG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.04.

LG Change In Inventory Historical Data

The historical data trend for LG'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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LG Change In Inventory Chart

LG Annual Data

Trend

Dec14

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Dec23

Change In Inventory

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-5,570.00

20,981.00

-13,103.00

-4,454.00

-11,795.00

LG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															60,648.00	-29,888.00	-9,633.00	-1,052.00	28,778.00

LG 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was ₩-11,795 Mil.

LG (XKRX:003550) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	84572	/	1800689	*	365 / 4
	=	4.29

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

LG's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1800689	/	84572
	=	21.29

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.

LG's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	84572	/	2035128
	=	0.04

LG Change In Inventory Related Terms

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LG (XKRX:003550) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LG Corp (XKRX:003550) » Definitions » Change In Inventory

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003555:Korea

Address

LG Twin Tower, 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, KOR, 150-721

Website

http://www.lg.com

LG Corp is a South Korea-based holding company that is principally engaged in electronics, chemicals, telecommunications, and services businesses. The company operates business through a number of affiliated companies, including LG Electronics, LG Display, LG Innotek, LG Siltron, and others in the electronics industry; LG Chem, LG Household and Health Care, LG Life Sciences, and others in the chemicals industry; and LG N-Sys, LG CNS, LG Sports, and others in the telecommunication and services industry. The company has a business presence in North America, Europe, Middle East, Africa, the Commonwealth of Independent States (Kazakhstan, Russia, Turkmenistan, Ukraine), Asia-Pacific, and Latin America.

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