Neontech Co (XKRX:306620) Days Inventory : 87.40 (As of Mar. 2024)

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What is Neontech Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Neontech Co's Average Total Inventories for the three months ended in Mar. 2024 was ₩35,534 Mil. Neontech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩37,097 Mil. Hence, Neontech Co's Days Inventory for the three months ended in Mar. 2024 was 87.40.

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

XKRX:306620' s Days Inventory Range Over the Past 10 Years
Min: 76.51 Med: 138.19 Max: 171.54
Current: 152.86

During the past 6 years, Neontech Co's highest Days Inventory was 171.54. The lowest was 76.51. And the median was 138.19.

XKRX:306620's Days Inventory is ranked worse than
77.33% of 2911 companies
in the Industrial Products industry
Industry Median: 120.53 vs XKRX:306620: 152.86

Neontech Co's Days Inventory declined from Mar. 2023 (148.43) to Mar. 2024 (87.40).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Neontech Co's Inventory Turnover for the three months ended in Mar. 2024 was 1.04.

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. Neontech Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.78.

Neontech Co Days Inventory Historical Data

The historical data trend for Neontech 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.

* Premium members only.

Neontech Co Days Inventory Chart

Neontech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

151.05

76.51

95.50

138.19

171.54

Neontech 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															148.43	434.94	212.06	179.89	87.40

Competitive Comparison of Neontech Co's Days Inventory

For the Specialty Industrial Machinery subindustry, Neontech 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.

Neontech Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Neontech Co's Days Inventory distribution charts can be found below:

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

Neontech Co Days Inventory Calculation

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

Neontech 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
=	( (16414.748	+	45390.414)	/	2 )	/	65753.521	*	365
=	30902.581					/	65753.521	*	365
=	171.54

Neontech 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
=	( (45390.414	+	25677.5)	/	2 )	/	37097.439	*	365 / 4
=	35533.957					/	37097.439	*	365 / 4
=	87.40

Neontech Co (XKRX:306620) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	37097.439	/	35533.957
	=	1.04

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	35533.957	/	45444.417
	=	0.78

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.

Neontech Co Days Inventory Related Terms

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

Neontech Co (XKRX:306620) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Neontech Co Ltd (XKRX:306620) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Gyeonggi Province Anyang Dongan rim 146, Gwanyang-dong, Neon Tech Building, Seoul, KOR, 14055

Website

http://www.neontech.co.kr

Neontech Co Ltd is a manufacturer of automation equipment, singulator for PCB / Semiconductor based on the accumulated high precision processing technology.

Neontech Co (XKRX:306620) Headlines

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