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Phil Energy Co (XKRX:378340) Inventory Turnover : 0.57 (As of Mar. 2024)


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What is Phil Energy 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. Phil Energy Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ₩49,046 Mil. Phil Energy Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ₩86,226 Mil. Phil Energy Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.57.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Phil Energy Co's Days Inventory for the three months ended in Mar. 2024 was 160.42.

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. Phil Energy Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.50.

Phil Energy Co Inventory Turnover Historical Data

The historical data trend for Phil Energy 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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Phil Energy Co Inventory Turnover Chart

Phil Energy Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Inventory Turnover
0.42 3.48 3.03 2.45

Phil Energy Co Quarterly Data
Mar22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24
Inventory Turnover Get a 7-Day Free Trial 0.76 1.06 0.24 0.83 0.57

Phil Energy Co Inventory Turnover Calculation

Phil Energy 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 )
=170190.938 / ((66214.693 + 72832.349) / 2 )
=170190.938 / 69523.521
=2.45

Phil Energy 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 )
=49045.935 / ((72832.349 + 99618.713) / 2 )
=49045.935 / 86225.531
=0.57

* 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.

Phil Energy Co  (XKRX:378340) 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.

Phil Energy 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
=86225.531/49045.935*365 / 4
=160.42

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.

Phil Energy 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 )
=86225.531 / 57329.186
=1.50

* 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.

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.

Phil Energy Co Inventory Turnover Related Terms

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Phil Energy Co (XKRX:378340) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Phil Energy Co Ltd (XKRX:378340) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
1-19 Jigotjungang-ro, Gyeonggi-do, Osan-si, KOR
Website
http://www.philenergy.co.kr
Phil Energy Co Ltd specializes in equipment for the manufacture of secondary batteries. It supplies various machinery equipment needed in all areas of the secondary battery assembly process, next-generation batteries, and fuel cells. It offers Stacking facility, Laser notching facilities, Tab Welding Facility, and Can Insert Facility.

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