GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Korean Air Lines Co Ltd (XKRX:003490) » Definitions » Total Inventories

Korean Air Lines Co (XKRX:003490) Total Inventories : ₩863,492 Mil (As of Mar. 2024)


View and export this data going back to 1966. Start your Free Trial

What is Korean Air Lines Co Total Inventories?

Korean Air Lines Co's total inventories for the quarter that ended in Mar. 2024 was ₩863,492 Mil. Korean Air Lines Co's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was ₩858,536 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Korean Air Lines Co's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was ₩-37,851.37.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Korean Air Lines Co's Days Inventory for the three months ended in Mar. 2024 was 23.31.

Inventory Turnover measures how fast the company turns over its inventory within a year. Korean Air Lines Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.91.

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. Korean Air Lines Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.20.


Korean Air Lines Co Total Inventories Historical Data

The historical data trend for Korean Air Lines Co's Total Inventories 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.

* Premium members only.

Korean Air Lines Co Total Inventories Chart

Korean Air Lines Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 712,925.08 551,195.38 597,063.64 730,074.50 853,580.31

Korean Air Lines Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 746,699.40 769,953.54 845,721.70 853,580.31 863,491.56

Korean Air Lines Co Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


Korean Air Lines Co  (XKRX:003490) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Korean Air Lines Co's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(6487342.064+0.75 * 977870.843+0.5 * 863491.56-21306865.631
-5553.97-319757.163)/369.331
=-37,851.37

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Korean Air Lines 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
=858535.9345/3360379.328*365 / 4
=23.31

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Korean Air Lines Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=3360379.328 / 858535.9345
=3.91

4. 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.

Korean Air Lines 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 )
=858535.9345 / 4291444.813
=0.20

* 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Korean Air Lines Co Total Inventories Related Terms

Thank you for viewing the detailed overview of Korean Air Lines Co's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.


Korean Air Lines Co (XKRX:003490) Business Description

Traded in Other Exchanges
Address
260 Haneul-gil, Gangseo-gu, Seoul, KOR
Korean Air Lines Co Ltd is an airline operator with a global reach. The company has four operating segments: Air transport (majority of total revenues), Aerospace (maintenance and repairs), In-flight meals, and Hotel/limousine and others. Passenger tickets can be bought on the company's website or at the airport counter. Multiple options related to passenger class or cabin experience, baggage fees, and other services are offered to customers. Revenues derived from Republic of Korea account for approximately one-fourth of total revenues, with the remainder coming from international operations. The company has created an alliance with global carriers to help connect flights, and give passengers better options to travel.

Korean Air Lines Co (XKRX:003490) Headlines

No Headlines