Leyard Optoelectronic Co (SZSE:300296) Inventory Turnover : 0.48 (As of Jun. 2024)

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What is Leyard Optoelectronic 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. Leyard Optoelectronic Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥1,361 Mil. Leyard Optoelectronic Co's Average Total Inventories for the quarter that ended in Jun. 2024 was ¥2,820 Mil. Leyard Optoelectronic Co's Inventory Turnover for the quarter that ended in Jun. 2024 was 0.48.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Leyard Optoelectronic Co's Days Inventory for the three months ended in Jun. 2024 was 189.00.

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. Leyard Optoelectronic Co's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 1.54.

Leyard Optoelectronic Co Inventory Turnover Historical Data

The historical data trend for Leyard Optoelectronic 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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Leyard Optoelectronic Co Inventory Turnover Chart

Leyard Optoelectronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.84

1.85

2.00

1.64

1.65

Leyard Optoelectronic Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Inventory Turnover	Get a 7-Day Free Trial															0.58	0.51	0.35	0.43	0.48

Leyard Optoelectronic Co Inventory Turnover Calculation

Leyard Optoelectronic 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 )
=	5253.722	/ (	(3285.464	+	3095.09)	/	2 )
=	5253.722	/	3190.277
=	1.65

Leyard Optoelectronic Co's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Mar. 2024 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	1361.474	/ (	(2867.181	+	2772.563)	/	2 )
=	1361.474	/	2819.872
=	0.48

Leyard Optoelectronic Co (SZSE:300296) 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.

Leyard Optoelectronic Co's Days Inventory for the three months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	2819.872	/	1361.474	*	365 / 4
	=	189.00

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.

Leyard Optoelectronic Co's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	2819.872	/	1830.945
	=	1.54

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.

Leyard Optoelectronic Co Inventory Turnover Related Terms

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Leyard Optoelectronic Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Leyard Optoelectronic Co Ltd (SZSE:300296) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

Number 9 Zhenghongqi West Street, North of Summer Palace, Haidian District, Beijing, CHN, 100091

Website

http://www.leyard.com

Leyard Optoelectronic Co Ltd is a manufacturer of LED video displays, information displays and LED lighting solutions. The product portfolio of the company includes LED video walls, LCD video walls, large format LCD displays, 4K LCD displays, rear projection video walls, touch displays, processing and players, rental and staging solutions, accessories and others.

Executives

Li Jun	Directors, executives
Tan Lian Qi	Directors, executives
Yuan Bo	Directors, executives
Liu Hai Yi	Executives
Zhu Xiao Li	Director
Zhang Xiao Li	Securities Affairs Representative
Liao Ning Fang	Independent director
Bai Jian Jun	Supervisors

Leyard Optoelectronic Co Headlines

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