StrongLED Lighting System (Cayman) Co (ROCO:5281) Change In Inventory : NT$75.0 Mil (TTM As of Jun. 2023)

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What is StrongLED Lighting System (Cayman) Co Change In Inventory?

StrongLED Lighting System (Cayman) Co's change in inventory for the quarter that ended in Jun. 2023 was NT$16.1 Mil. It means StrongLED Lighting System (Cayman) Co's inventory declined by NT$16.1 Mil from Mar. 2023 to Jun. 2023 .

StrongLED Lighting System (Cayman) Co's change in inventory for the fiscal year that ended in Dec. 2022 was NT$91.3 Mil. It means StrongLED Lighting System (Cayman) Co's inventory declined by NT$91.3 Mil from Dec. 2021 to Dec. 2022 .

StrongLED Lighting System (Cayman) Co's Total Inventories for the quarter that ended in Jun. 2023 was NT$60.1 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. StrongLED Lighting System (Cayman) Co's Days Inventory for the quarter that ended in Jun. 2023 was 53.59.

Inventory Turnover measures how fast the company turns over its inventory within a year. StrongLED Lighting System (Cayman) Co's Inventory Turnover for the quarter that ended in Jun. 2023 was 1.70.

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. StrongLED Lighting System (Cayman) Co's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.46.

StrongLED Lighting System (Cayman) Co Change In Inventory Historical Data

The historical data trend for StrongLED Lighting System (Cayman) Co's Change In Inventory 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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StrongLED Lighting System (Cayman) Co Change In Inventory Chart

StrongLED Lighting System (Cayman) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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-31.87

98.23

-20.79

-56.71

91.29

StrongLED Lighting System (Cayman) Co Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Change In Inventory	Get a 7-Day Free Trial															14.98	21.74	26.50	10.66	16.06

StrongLED Lighting System (Cayman) Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Jun. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$75.0 Mil.

StrongLED Lighting System (Cayman) Co (ROCO:5281) Change In Inventory Explanation

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

StrongLED Lighting System (Cayman) Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	69.26	/	117.928	*	365 / 4
	=	53.59

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

StrongLED Lighting System (Cayman) Co's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	117.928	/	69.26
	=	1.70

3. 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.

StrongLED Lighting System (Cayman) Co's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	69.26	/	149.432
	=	0.46

StrongLED Lighting System (Cayman) Co Change In Inventory Related Terms

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StrongLED Lighting System (Cayman) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » StrongLED Lighting System (Cayman) Co Ltd (ROCO:5281) » Definitions » Change In Inventory

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Traded in Other Exchanges

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Address

Shizheng N. 7th Road, 24-5, No. 186, Xitun District, Taichung, TWN, 407

Website

http://www.strongled.net

StrongLED Lighting System (Cayman) Co Ltd operates in the LED lighting systems industry. The company is engaged in manufacturing of LED lighting equipment, integrated control systems and related software. Its product offering includes outdoor LED lighting, lighting control system and software, indoor LED lighting, and LED power supply, LED intelligent control system.

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