N2tech Co (XKRX:227950) Inventory Turnover : 1.05 (As of Mar. 2024)

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What is N2tech 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. N2tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩5,854 Mil. N2tech Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩5,556 Mil. N2tech Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. N2tech Co's Days Inventory for the three months ended in Mar. 2024 was 86.62.

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. N2tech Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.79.

N2tech Co Inventory Turnover Historical Data

The historical data trend for N2tech 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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N2tech Co Inventory Turnover Chart

N2tech Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Jun19

Jun20

Jun21

Jun22

Dec23

Inventory Turnover

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1.21

12.59

7.63

6.09

5.01

N2tech Co Quarterly Data
	Dec18	Mar19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.25	1.48	1.14	1.08	1.05

N2tech Co Inventory Turnover Calculation

N2tech 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: Jun. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	24380.315	/ (	(4534.161	+	5204.412)	/	2 )
=	24380.315	/	4869.2865
=	5.01

N2tech 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 )
=	5853.63	/ (	(5204.412	+	5908.343)	/	2 )
=	5853.63	/	5556.3775
=	1.05

N2tech Co (XKRX:227950) 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.

N2tech 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
	=	5556.3775	/	5853.63	*	365 / 4
	=	86.62

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.

N2tech 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 )
	=	5556.3775	/	7066.204
	=	0.79

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.

N2tech Co Inventory Turnover Related Terms

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N2tech Co (XKRX:227950) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » N2tech Co Ltd (XKRX:227950) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

157, Wondang-ro, Wongok-myeon, Anseong-si, Gyeonggi-do, Anseong-si, KOR, 17555

Website

http://www.e-micro.co.kr

N2tech Co Ltd offers semiconductor parts and equipment. Products offered by the company include vacuum chamber, chamber top lid, gas shower head, shield, gate valve body, protection valve heating type, auto gate valve heating type, manual valve normal type, manual valve angle type, among others.

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