Seah Steel (XKRX:306200) Days Inventory : 70.68 (As of Dec. 2023)

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What is Seah Steel Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Seah Steel's Average Total Inventories for the three months ended in Dec. 2023 was ₩289,414 Mil. Seah Steel's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩373,645 Mil. Hence, Seah Steel's Days Inventory for the three months ended in Dec. 2023 was 70.68.

The historical rank and industry rank for Seah Steel's Days Inventory or its related term are showing as below:

XKRX:306200' s Days Inventory Range Over the Past 10 Years
Min: 58.69 Med: 64.16 Max: 184.94
Current: 67.05

During the past 6 years, Seah Steel's highest Days Inventory was 184.94. The lowest was 58.69. And the median was 64.16.

XKRX:306200's Days Inventory is ranked better than
64.35% of 575 companies
in the Steel industry
Industry Median: 85.66 vs XKRX:306200: 67.05

Seah Steel's Days Inventory declined from Dec. 2022 (73.25) to Dec. 2023 (70.68).

Inventory Turnover measures how fast the company turns over its inventory within a year. Seah Steel's Inventory Turnover for the three months ended in Dec. 2023 was 1.29.

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. Seah Steel's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.66.

Seah Steel Days Inventory Historical Data

The historical data trend for Seah Steel'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.

* Premium members only.

Seah Steel Days Inventory Chart

Seah Steel Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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63.38

63.62

58.69

64.70

66.87

Seah Steel Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															73.25	64.91	61.00	72.83	70.68

Competitive Comparison of Seah Steel's Days Inventory

For the Steel subindustry, Seah Steel'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.

Seah Steel's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Seah Steel's Days Inventory distribution charts can be found below:

* The bar in red indicates where Seah Steel's Days Inventory falls into.

Seah Steel Days Inventory Calculation

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

Seah Steel'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
=	( (278728.428	+	286799.58)	/	2 )	/	1543468.422	*	365
=	282764.004					/	1543468.422	*	365
=	66.87

Seah Steel's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (292029.241	+	286799.58)	/	2 )	/	373644.765	*	365 / 4
=	289414.4105					/	373644.765	*	365 / 4
=	70.68

Seah Steel (XKRX:306200) 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.

Seah Steel's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	373644.765	/	289414.4105
	=	1.29

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.

Seah Steel's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	289414.4105	/	437402.176
	=	0.66

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.

Seah Steel Days Inventory Related Terms

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

Seah Steel (XKRX:306200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Seah Steel Corp (XKRX:306200) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

45, Yanghwa-ro, Mapo-gu, Seah Tower, 25/26/27th Floor, Seoul, KOR, 04036

Website

http://www.seahsteel.co.kr

Seah Steel Corp is a Korean based company operates in the steel sector. The business activity of the group includes manufacturing of steel products such as carbon steel pipe, stainless steel pipe, titanium tube, galvanized color steel sheet and others. These products are used in wide range of areas such as oil refining, nuclear power plants, LNG vessels, marine plants and others. Geographically, the activities are carried out through the region of Korea and it derives revenue through the sale of products.

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