Shin Steel Co (XKRX:162300) Change In Inventory : ₩-5,291 Mil (TTM As of Mar. 2024)

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What is Shin Steel Co Change In Inventory?

Shin Steel Co's change in inventory for the quarter that ended in Mar. 2024 was ₩-11,670 Mil. It means Shin Steel Co's inventory increased by ₩11,670 Mil from Dec. 2023 to Mar. 2024 .

Shin Steel Co's change in inventory for the fiscal year that ended in Dec. 2022 was ₩314 Mil. It means Shin Steel Co's inventory declined by ₩314 Mil from Dec. 2021 to Dec. 2022 .

Shin Steel Co's Total Inventories for the quarter that ended in Mar. 2024 was ₩49,098 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Shin Steel Co's Days Inventory for the quarter that ended in Mar. 2024 was 48.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. Shin Steel Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.90.

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. Shin Steel Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.49.

Shin Steel Co Change In Inventory Historical Data

The historical data trend for Shin Steel 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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Shin Steel Co Change In Inventory Chart

Shin Steel Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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-4,380.40

-2,033.27

-4,836.96

-15,818.48

314.18

Shin Steel Co Quarterly Data
	Jun21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial					-5,716.33	-1,188.90	3,710.87	3,856.48	-11,669.57

Shin Steel 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 ₩-5,291 Mil.

Shin Steel Co (XKRX:162300) Change In Inventory Explanation

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

Shin Steel 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
	=	43494.748	/	82456.973	*	365 / 4
	=	48.13

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

Shin Steel Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	82456.973	/	43494.748
	=	1.90

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.

Shin Steel Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	43494.748	/	89677.241
	=	0.49

Shin Steel Co Change In Inventory Related Terms

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Shin Steel Co (XKRX:162300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Shin Steel Co Ltd (XKRX:162300) » Definitions » Change In Inventory

Traded in Other Exchanges

N/A

Address

174, Mieumsandan 4-ro, Gangseo-gu, Busan, KOR

Website

http://www.shin-steel.com

Shin Steel Co Ltd is a steel distribution company that supplies various types of products such as Cold Rolled Steel, Galvanized Steel, Alu-Zinc Steel, Pre-Painted Steel, Stainless Steel, and Tin Plate Steel.

Shin Steel Co (XKRX:162300) Headlines

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