Doosan Robotics (XKRX:454910) Inventory Turnover : 0.77 (As of Dec. 2023)

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What is Doosan 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. Doosan Robotics's Cost of Goods Sold for the three months ended in Dec. 2023 was ₩11,351 Mil. Doosan Robotics's Average Total Inventories for the quarter that ended in Dec. 2023 was ₩14,687 Mil. Doosan Robotics's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.77.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Doosan Robotics's Days Inventory for the three months ended in Dec. 2023 was 118.07.

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. Doosan Robotics's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.87.

Doosan Robotics Inventory Turnover Historical Data

The historical data trend for Doosan 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.

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Doosan Robotics Inventory Turnover Chart

Doosan Robotics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.83

2.19

4.68

3.23

2.79

Doosan Robotics Quarterly Data
	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial			-	0.75	0.70	0.63	0.77

Doosan Robotics Inventory Turnover Calculation

Doosan 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 )
=	38378.159	/ (	(13391.141	+	14153.604)	/	2 )
=	38378.159	/	13772.3725
=	2.79

Doosan Robotics's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	11350.854	/ (	(15220.467	+	14153.604)	/	2 )
=	11350.854	/	14687.0355
=	0.77

Doosan Robotics (XKRX:454910) 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.

Doosan Robotics's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	14687.0355	/	11350.854	*	365 / 4
	=	118.07

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.

Doosan Robotics's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	14687.0355	/	16875.98
	=	0.87

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.

Doosan Robotics Inventory Turnover Related Terms

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Doosan Robotics (XKRX:454910) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Doosan Robotics Inc (XKRX:454910) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

79, Saneop-ro 156beon-gil, Gwonseon-gu, Suwon-si, Gyeonggi-do, Seoul, KOR

Website

https://www.doosanrobotics.com

Doosan Robotics Inc is company is engaged in the business of manufacturing industrial robots, especially collaborative robots. Collaborative robots are a next-generation robot that overcomes the limitations of existing industrial robots (risk, high difficulty in use, and high price), and are emerging as a new concept. The company consists of a single business division that sells products and products related to collaborative robots, it not only conducts sales for customers located in Korea, but also conducts sales for some overseas customers, including the overseas bases of domestic customers, thereby distributing and selling products worldwide.

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