Jin Air Co (XKRX:272450) Days Inventory : 0.44 (As of Mar. 2024)

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What is Jin Air Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Jin Air Co's Average Total Inventories for the three months ended in Mar. 2024 was ₩1,441 Mil. Jin Air Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩302,133 Mil. Hence, Jin Air Co's Days Inventory for the three months ended in Mar. 2024 was 0.44.

The historical rank and industry rank for Jin Air Co's Days Inventory or its related term are showing as below:

XKRX:272450' s Days Inventory Range Over the Past 10 Years
Min: 0.19 Med: 0.52 Max: 1.27
Current: 0.48

During the past 13 years, Jin Air Co's highest Days Inventory was 1.27. The lowest was 0.19. And the median was 0.52.

XKRX:272450's Days Inventory is ranked better than
96.16% of 781 companies
in the Transportation industry
Industry Median: 11.4 vs XKRX:272450: 0.48

Jin Air Co's Days Inventory declined from Mar. 2023 (0.46) to Mar. 2024 (0.44).

Inventory Turnover measures how fast the company turns over its inventory within a year. Jin Air Co's Inventory Turnover for the three months ended in Mar. 2024 was 209.60.

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. Jin Air Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.00.

Jin Air Co Days Inventory Historical Data

The historical data trend for Jin Air Co'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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Jin Air Co Days Inventory Chart

Jin Air Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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0.63

1.27

1.24

0.82

0.52

Jin Air Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															0.46	0.55	0.51	0.51	0.44

Competitive Comparison of Jin Air Co's Days Inventory

For the Airlines subindustry, Jin Air Co'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.

Jin Air Co's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Jin Air Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Jin Air Co's Days Inventory falls into.

Jin Air Co Days Inventory Calculation

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

Jin Air Co'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
=	( (1322.297	+	1516.526)	/	2 )	/	997618.976	*	365
=	1419.4115					/	997618.976	*	365
=	0.52

Jin Air Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

	Days Inventory (Q: Mar. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1516.526	+	1366.429)	/	2 )	/	302133.47	*	365 / 4
=	1441.4775					/	302133.47	*	365 / 4
=	0.44

Jin Air Co (XKRX:272450) 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.

Jin Air Co's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	302133.47	/	1441.4775
	=	209.60

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.

Jin Air Co's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1441.4775	/	430306.317
	=	0.00

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.

Jin Air Co Days Inventory Related Terms

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

Jin Air Co (XKRX:272450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Jin Air Co Ltd (XKRX:272450) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

3rd Floor, 453 Gonghangdea-ro, Gangseogu, Seoul, KOR, 157-841

Website

http://www.jinair.com

Jin Air Co Ltd is a South Korea based company, engages in the provision of air transportation services. The company offers air transportation services through a fleet of aircraft also provides in-flight meals and commodities for third parties, as well as cargo transportation business. It provides domestic routes and international routes services.

Jin Air Co (XKRX:272450) Headlines

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