Kolon Industries (XKRX:120110) Inventory Turnover : 0.72 (As of Mar. 2024)

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What is Kolon Industries 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. Kolon Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩858,218 Mil. Kolon Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩1,198,055 Mil. Kolon Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Kolon Industries's Days Inventory for the three months ended in Mar. 2024 was 127.38.

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. Kolon Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.03.

Kolon Industries Inventory Turnover Historical Data

The historical data trend for Kolon Industries'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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Kolon Industries Inventory Turnover Chart

Kolon Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.74

3.54

3.75

3.43

3.06

Kolon Industries 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															0.68	0.81	0.74	0.76	0.72

Kolon Industries Inventory Turnover Calculation

Kolon Industries'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 )
=	3739376.095	/ (	(1260902.763	+	1180189.688)	/	2 )
=	3739376.095	/	1220546.2255
=	3.06

Kolon Industries'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 )
=	858218.006	/ (	(1180189.688	+	1215920.315)	/	2 )
=	858218.006	/	1198055.0015
=	0.72

Kolon Industries (XKRX:120110) 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.

Kolon Industries'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
	=	1198055.0015	/	858218.006	*	365 / 4
	=	127.38

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.

Kolon Industries'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 )
	=	1198055.0015	/	1161195.912
	=	1.03

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.

Kolon Industries Inventory Turnover Related Terms

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Kolon Industries (XKRX:120110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Kolon Industries Inc (XKRX:120110) » Definitions » Inventory Turnover

Traded in Other Exchanges

120115:Korea

Address

Kolon Tower 1-23, Byeoryang-Dong, Gyeonggi do, Gwacheon-si, KOR, 427-709

Website

http://www.kolonindustries.com

Kolon Industries Inc is a Korean manufacturing company. It manufactures chemical Fibers and textiles. The company focuses on four business divisions namely, Industrial Materials, Chemicals, Films/electronic materials, and Fashion. Industrial materials where the company produces automotive and advance materials. The Chemicals segment is made for industrial and residential purposes. The division of films/electronic materials is used in displays and solar devices, and the division of fashion is where the company makes clothing.

Kolon Industries (XKRX:120110) Headlines

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