Seah Steel (XKRX:306200) Inventory Turnover : 1.34 (As of Mar. 2024)

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What is Seah Steel 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. Seah Steel's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩399,567 Mil. Seah Steel's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩299,051 Mil. Seah Steel's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.34.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Seah Steel's Days Inventory for the three months ended in Mar. 2024 was 68.29.

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. Seah Steel's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.66.

Seah Steel Inventory Turnover Historical Data

The historical data trend for Seah Steel'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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Seah Steel Inventory Turnover Chart

Seah Steel Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.76

5.74

6.22

5.64

5.46

Seah Steel 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															1.41	1.50	1.25	1.29	1.34

Seah Steel Inventory Turnover Calculation

Seah Steel'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 )
=	1543468.422	/ (	(278728.428	+	286799.58)	/	2 )
=	1543468.422	/	282764.004
=	5.46

Seah Steel'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 )
=	399567.111	/ (	(286799.58	+	311302.932)	/	2 )
=	399567.111	/	299051.256
=	1.34

Seah Steel (XKRX:306200) 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.

Seah Steel'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
	=	299051.256	/	399567.111	*	365 / 4
	=	68.29

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.

Seah Steel'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 )
	=	299051.256	/	455745.379
	=	0.66

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.

Seah Steel Inventory Turnover Related Terms

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Seah Steel (XKRX:306200) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Seah Steel Corp (XKRX:306200) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

45, Yanghwa-ro, Mapo-gu, Seah Tower, 25/26/27th Floor, Seoul, KOR, 04036

Website

http://www.seahsteel.co.kr

Seah Steel Corp is a Korean based company operates in the steel sector. The business activity of the group includes manufacturing of steel products such as carbon steel pipe, stainless steel pipe, titanium tube, galvanized color steel sheet and others. These products are used in wide range of areas such as oil refining, nuclear power plants, LNG vessels, marine plants and others. Geographically, the activities are carried out through the region of Korea and it derives revenue through the sale of products.

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