LG Innotek Co (XKRX:011070) Inventory Turnover : 2.09 (As of Mar. 2024)

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What is LG Innotek Co Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. LG Innotek Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩3,915,234 Mil. LG Innotek Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩1,872,388 Mil. LG Innotek Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LG Innotek Co's Days Inventory for the three months ended in Mar. 2024 was 43.64.

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. LG Innotek Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.43.

LG Innotek Co Inventory Turnover Historical Data

The historical data trend for LG Innotek Co's Inventory Turnover 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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LG Innotek Co Inventory Turnover Chart

LG Innotek Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.75

12.25

11.38

10.21

10.56

LG Innotek Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.98	2.24	2.61	3.69	2.09

LG Innotek Co Inventory Turnover Calculation

LG Innotek Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	18741974.184	/ (	(1978792.006	+	1572002.033)	/	2 )
=	18741974.184	/	1775397.0195
=	10.56

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	3915234.019	/ (	(1572002.033	+	2172773.836)	/	2 )
=	3915234.019	/	1872387.9345
=	2.09

LG Innotek Co (XKRX:011070) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

LG Innotek Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1872387.9345	/	3915234.019	*	365 / 4
	=	43.64

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1872387.9345	/	4333577.945
	=	0.43

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

LG Innotek Co Inventory Turnover Related Terms

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LG Innotek Co (XKRX:011070) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LG Innotek Co Ltd (XKRX:011070) » Definitions » Inventory Turnover

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Address

30, Magokjungang, E1/E3, 10-ro, Gangseo-gu, Seoul, KOR, 07796

Website

http://www.lginnotek.com

LG Innotek Co Ltd is a Korea-based company engaged in the manufacturing of materials and components that focuses on mobile, automotive, LED, display, semiconductor and IoT business fields with its core technologies. The company offers mobile products, including camera modules, wireless power chargers, and optical biosensor modules; and automotive products, such as motors and sensors, connectivity, thermoelectric modules, and LED lighting products. It also provides display products, which include photomasks, power modules, digital tuners, and touch panels; semiconductor products consisting of flip chip scale packages, chip on films, wireless modems, routers, and electronic shelf labels.

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