Hanil Cement Co (XKRX:300720) Inventory Turnover : 2.33 (As of Mar. 2024)

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What is Hanil Cement 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. Hanil Cement Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩312,148 Mil. Hanil Cement Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩133,803 Mil. Hanil Cement Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Hanil Cement Co's Days Inventory for the three months ended in Mar. 2024 was 39.11.

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. Hanil Cement Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.33.

Hanil Cement Co Inventory Turnover Historical Data

The historical data trend for Hanil Cement 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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Hanil Cement Co Inventory Turnover Chart

Hanil Cement Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.74

9.55

12.15

11.76

10.76

Hanil Cement 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															2.54	2.82	2.33	2.72	2.33

Hanil Cement Co Inventory Turnover Calculation

Hanil Cement 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 )
=	1344167.436	/ (	(119945.019	+	129931.965)	/	2 )
=	1344167.436	/	124938.492
=	10.76

Hanil Cement 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 )
=	312147.564	/ (	(129931.965	+	137673.982)	/	2 )
=	312147.564	/	133802.9735
=	2.33

Hanil Cement Co (XKRX:300720) 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.

Hanil Cement 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
	=	133802.9735	/	312147.564	*	365 / 4
	=	39.11

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.

Hanil Cement 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 )
	=	133802.9735	/	411647.231
	=	0.33

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.

Hanil Cement Co Inventory Turnover Related Terms

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Hanil Cement Co (XKRX:300720) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Hanil Cement Co Ltd (XKRX:300720) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

330 Gangnam-daero, Gangnam-gu, Seoul, KOR

Website

https://www.hanilcement.com

Hanil Cement Co Ltd is a Korean cement company. The company offers cement, special cement, ready-mixed concrete, and high-solidity admixture.

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