Hyundai Elevator Co (XKRX:017800) Inventory Turnover : 7.20 (As of Mar. 2024)

View and export this data going back to 1996. Start your Free Trial

What is Hyundai Elevator 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. Hyundai Elevator Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩538,248 Mil. Hyundai Elevator Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩74,783 Mil. Hyundai Elevator Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 7.20.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hyundai Elevator Co's Days Inventory for the three months ended in Mar. 2024 was 12.68.

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. Hyundai Elevator Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.11.

Hyundai Elevator Co Inventory Turnover Historical Data

The historical data trend for Hyundai Elevator 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.

* Premium members only.

Hyundai Elevator Co Inventory Turnover Chart

Hyundai Elevator Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

27.74

29.64

28.80

26.56

28.92

Hyundai Elevator 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															6.24	7.66	7.15	7.67	7.20

Hyundai Elevator Co Inventory Turnover Calculation

Hyundai Elevator 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 )
=	2163206.099	/ (	(76048.251	+	73555.092)	/	2 )
=	2163206.099	/	74801.6715
=	28.92

Hyundai Elevator 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 )
=	538247.894	/ (	(73555.092	+	76010.537)	/	2 )
=	538247.894	/	74782.8145
=	7.20

Hyundai Elevator Co (XKRX:017800) 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.

Hyundai Elevator 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
	=	74782.8145	/	538247.894	*	365 / 4
	=	12.68

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.

Hyundai Elevator 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 )
	=	74782.8145	/	661251.951
	=	0.11

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.

Hyundai Elevator Co Inventory Turnover Related Terms

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

Hyundai Elevator Co (XKRX:017800) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hyundai Elevator Co Ltd (XKRX:017800) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

San 136-1 Ami-ri, Bubal-eup, Icheon, Gyeonggi, KOR, 467-734

Website

http://www.hyundaielevator.co.kr

Hyundai Elevator Co Ltd, which is an affiliate of Hyundai Group, is a South Korea-based company that provides moving solutions. The company designs, installs and maintains elevators, escalators, moving walkways, automated material handling systems, parking systems for cars and bikes, platform screen doors, auto-sliding canopy, gap-zero and others. The company's products are used in shopping centers, hotels, department stores, airports, subways, large-scale sporting facilities, train stations, bus terminals, distribution centers, cold storage facilities, air cargo systems, and others.

Hyundai Elevator Co (XKRX:017800) Headlines

No Headlines