Rainbow Robotics (XKRX:277810) Inventory Turnover : 0.22 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Rainbow Robotics 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. Rainbow Robotics's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩1,357 Mil. Rainbow Robotics's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩6,177 Mil. Rainbow Robotics's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rainbow Robotics's Days Inventory for the three months ended in Mar. 2024 was 415.46.

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. Rainbow Robotics's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.03.

Rainbow Robotics Inventory Turnover Historical Data

The historical data trend for Rainbow Robotics'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.

Rainbow Robotics Inventory Turnover Chart

Rainbow Robotics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

0.83

1.74

1.97

1.62

1.41

Rainbow Robotics Quarterly Data
	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													0.19	0.33	0.27	0.49	0.22

Rainbow Robotics Inventory Turnover Calculation

Rainbow Robotics'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 )
=	7983.148	/ (	(5110.471	+	6176.649)	/	2 )
=	7983.148	/	5643.56
=	1.41

Rainbow Robotics'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 )
=	1356.601	/ (	(6176.649	+	0)	/	1 )
=	1356.601	/	6176.649
=	0.22

Rainbow Robotics (XKRX:277810) 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.

Rainbow Robotics'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
	=	6176.649	/	1356.601	*	365 / 4
	=	415.46

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.

Rainbow Robotics'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 )
	=	6176.649	/	3048.364
	=	2.03

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.

Rainbow Robotics Inventory Turnover Related Terms

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

Rainbow Robotics (XKRX:277810) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Rainbow Robotics (XKRX:277810) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

10-19, Expo-ro 339beon-gil, Yuseong-gu, KOR, 34122

Website

http://www.rainbow-robotics.com

Rainbow Robotics is a professional technological mechatronics company, provides top robotic system engineering technology. It develops and produces industrial robots and other robots.

Rainbow Robotics (XKRX:277810) Headlines

No Headlines