Thursday, December 1, 2022
News

Samsung Electronics’ inventory assets increased by 51.6% year-on-year

According to the latest report, Samsung Electronics and LG Electronics’ inventory assets increased in the third quarter, as they increased raw material procurement to prevent supply chain risks, and amid the ongoing recession, global demand for its products has yet to recover.

Stay tuned via SFCNation Telegram

Samsung Electronics’ inventory assets totaled more than 57 trillion won in the third quarter, a year-on-year increase of 51.6%. Since the outbreak of the epidemic, its inventory assets have continued to increase. Specifically, the figure is about 6.9 trillion won in the third quarter of 2019, 5.8 trillion won in the fourth quarter of 2019, 32 trillion won in the fourth quarter of 2020, and 41 trillion won in the fourth quarter of 2021 won.

In the third quarter, LG Electronics’ inventory assets increased by 12.5% ​​year-on-year to 11.2 trillion won. LG’s inventory assets were less than 5.9 trillion won at the end of 2019 but increased to 7.4 trillion won and 9.7 trillion won at the end of 2020 and 2021, respectively.

In terms of inventory turnover, Samsung Electronics’ inventory turnover ratio fell from 4.6 to 3.8, and LG Electronics’ inventory turnover ratio fell from 6.1 to 5.8, which means that their products sold less in the third quarter of this year compared to the same period last year.

(via)

Leave a Reply