Chosun Refractories Co spin off (XKRX:462520) Inventory Turnover : 1.16 (As of Sep. 2023)

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What is Chosun Refractories Co spin off 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. Chosun Refractories Co spin off's Cost of Goods Sold for the six months ended in Sep. 2023 was ₩103,939 Mil. Chosun Refractories Co spin off's Average Total Inventories for the quarter that ended in Sep. 2023 was ₩89,294 Mil. Chosun Refractories Co spin off's Inventory Turnover for the quarter that ended in Sep. 2023 was 1.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Chosun Refractories Co spin off's Days Inventory for the six months ended in Sep. 2023 was 156.79.

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. Chosun Refractories Co spin off's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.72.

Chosun Refractories Co spin off Inventory Turnover Historical Data

The historical data trend for Chosun Refractories Co spin off'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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Chosun Refractories Co spin off Inventory Turnover Chart

Chosun Refractories Co spin off Annual Data

Trend

Dec23

Inventory Turnover

2.54

Chosun Refractories Co spin off Semi-Annual Data
	Sep23
Inventory Turnover	1.16

Chosun Refractories Co spin off Inventory Turnover Calculation

Chosun Refractories Co spin off'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: . 20 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	221256.204	/ (	(	+	87108.824)	/	1 )
=	221256.204	/	87108.824
=	2.54

Chosun Refractories Co spin off's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: . 20 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	103939.272	/ (	(	+	89293.827)	/	1 )
=	103939.272	/	89293.827
=	1.16

Chosun Refractories Co spin off (XKRX:462520) 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.

Chosun Refractories Co spin off's Days Inventory for the six months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	89293.827	/	103939.272	*	365 / 2
	=	156.79

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.

Chosun Refractories Co spin off's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	89293.827	/	123207.715
	=	0.72

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.

Chosun Refractories Co spin off Inventory Turnover Related Terms

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Chosun Refractories Co spin off (XKRX:462520) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Chosun Refractories Co Ltd spin off (XKRX:462520) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

55 Saneop-ro, Jeollanam-do, Taein-dong, Gwangyang-si, KOR

Website

http://www.chosunref.co.kr

Chosun Refractories Co Ltd spin off manufactures general-purpose products and high-functionality products (refractories for continuous casting, special refractories) based on domestic production facilities. Its product offerings comprise Shaped and unshaped refractories, Special alumina bricks, high alumina bricks, casting blocks, castable refractories, metal plating/ shaft alleys for the mortar production refractories industry, technical service for the refractories industry, and manufacturing of industrial furnaces.

Chosun Refractories Co spin off (XKRX:462520) Headlines

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