SK Ie Technology Co (XKRX:361610) Days Inventory : 115.34 (As of Dec. 2023)

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What is SK Ie Technology Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). SK Ie Technology Co's Average Total Inventories for the three months ended in Dec. 2023 was ₩140,783 Mil. SK Ie Technology Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩111,377 Mil. Hence, SK Ie Technology Co's Days Inventory for the three months ended in Dec. 2023 was 115.34.

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

XKRX:361610' s Days Inventory Range Over the Past 10 Years
Min: 47.07 Med: 70.67 Max: 97.03
Current: 96.74

During the past 5 years, SK Ie Technology Co's highest Days Inventory was 97.03. The lowest was 47.07. And the median was 70.67.

XKRX:361610's Days Inventory is ranked better than
53.38% of 2409 companies
in the Hardware industry
Industry Median: 102.05 vs XKRX:361610: 96.74

SK Ie Technology Co's Days Inventory increased from Dec. 2022 (66.76) to Dec. 2023 (115.34). It might indicate that SK Ie Technology Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. SK Ie Technology Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.79.

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. SK Ie Technology Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.82.

SK Ie Technology Co Days Inventory Historical Data

The historical data trend for SK Ie Technology 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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SK Ie Technology Co Days Inventory Chart

SK Ie Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

75.04

47.07

59.17

70.67

97.03

SK Ie Technology Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial										66.76	94.21	96.82	84.04	115.34

Competitive Comparison of SK Ie Technology Co's Days Inventory

For the Electronic Components subindustry, SK Ie Technology 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.

SK Ie Technology Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, SK Ie Technology Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where SK Ie Technology Co's Days Inventory falls into.

SK Ie Technology Co Days Inventory Calculation

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

SK Ie Technology 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
=	( (112562.982	+	151203.252)	/	2 )	/	496094.209	*	365
=	131883.117					/	496094.209	*	365
=	97.03

SK Ie Technology Co'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
=	( (130363.485	+	151203.252)	/	2 )	/	111377.468	*	365 / 4
=	140783.3685					/	111377.468	*	365 / 4
=	115.34

SK Ie Technology Co (XKRX:361610) 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.

SK Ie Technology Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	111377.468	/	140783.3685
	=	0.79

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.

SK Ie Technology Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	140783.3685	/	172494.471
	=	0.82

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.

SK Ie Technology Co Days Inventory Related Terms

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

SK Ie Technology Co (XKRX:361610) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » SK Ie Technology Co Ltd (XKRX:361610) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

SK Building, 26, Jongno, Jongno-gu, Seoul, KOR

Website

http://www.skietechnology.com

SK Ie Technology Co Ltd is a material service provider. Its business of Lithium-ion Battery Separator develop separators, a key component in lithium-ion batteries, by applying chemical technologies. The company's Flexible Cover Window is a material, consisting of transparent Pl film and hard coat, to replace the glass cover window of foldable phones, IT devices, and automotive displays.

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