Oriental Precision & Engineering Co (XKRX:014940) Change In Inventory : ₩-341 Mil (TTM As of Mar. 2024)

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What is Oriental Precision & Engineering Co Change In Inventory?

Oriental Precision & Engineering Co's change in inventory for the quarter that ended in Mar. 2024 was ₩-3,077 Mil. It means Oriental Precision & Engineering Co's inventory increased by ₩3,077 Mil from Dec. 2023 to Mar. 2024 .

Oriental Precision & Engineering Co's change in inventory for the fiscal year that ended in Dec. 2023 was ₩1,170 Mil. It means Oriental Precision & Engineering Co's inventory declined by ₩1,170 Mil from Dec. 2022 to Dec. 2023 .

Oriental Precision & Engineering Co's Total Inventories for the quarter that ended in Mar. 2024 was ₩10,221 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Oriental Precision & Engineering Co's Days Inventory for the quarter that ended in Mar. 2024 was 21.77.

Inventory Turnover measures how fast the company turns over its inventory within a year. Oriental Precision & Engineering Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 4.19.

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. Oriental Precision & Engineering Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.20.

Oriental Precision & Engineering Co Change In Inventory Historical Data

The historical data trend for Oriental Precision & Engineering Co'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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Oriental Precision & Engineering Co Change In Inventory Chart

Oriental Precision & Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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2,764.95

374.69

-3,844.32

2,636.32

1,170.01

Oriental Precision & Engineering Co 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															-1,566.55	1,456.27	217.89	1,062.39	-3,077.37

Oriental Precision & Engineering Co 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 ₩-341 Mil.

Oriental Precision & Engineering Co (XKRX:014940) Change In Inventory Explanation

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

Oriental Precision & Engineering Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	8681.985	/	36393.946	*	365 / 4
	=	21.77

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

Oriental Precision & Engineering Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	36393.946	/	8681.985
	=	4.19

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.

Oriental Precision & Engineering Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	8681.985	/	43114.865
	=	0.20

Oriental Precision & Engineering Co Change In Inventory Related Terms

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Oriental Precision & Engineering Co (XKRX:014940) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Oriental Precision & Engineering Co Ltd (XKRX:014940) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1614-1 Songjeong-dong, Gangseo-gu, Busan, KOR

Website

http://eng.opco.co.kr

Oriental Precision & Engineering Co Ltd engages in the manufacture machineries and equipment for ships. It products include lifting appliances, engine room crane,engine room casings, funnels, and hull blocks; and machineries, such as deck, hose handling, provision, knuckle, electric slewing, monorail, offshore, jib, and gantry cranes, life saving appliances, deck machinery, deck house, engine room casing, funnel, and living quarter.

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