StrongLED Lighting System (Cayman) Co (ROCO:5281) Days Inventory : 53.59 (As of Jun. 2023)

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What is StrongLED Lighting System (Cayman) Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). StrongLED Lighting System (Cayman) Co's Average Total Inventories for the three months ended in Jun. 2023 was NT$69.3 Mil. StrongLED Lighting System (Cayman) Co's Cost of Goods Sold for the three months ended in Jun. 2023 was NT$117.9 Mil. Hence, StrongLED Lighting System (Cayman) Co's Days Inventory for the three months ended in Jun. 2023 was 53.59.

The historical rank and industry rank for StrongLED Lighting System (Cayman) Co's Days Inventory or its related term are showing as below:

ROCO:5281's Days Inventory is not ranked ^*
in the Industrial Products industry.
Industry Median: 124.95
* Ranked among companies with meaningful Days Inventory only.

StrongLED Lighting System (Cayman) Co's Days Inventory declined from Jun. 2022 (110.16) to Jun. 2023 (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 three months 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 three months ended in Jun. 2023 was 0.46.

StrongLED Lighting System (Cayman) Co Days Inventory Historical Data

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

StrongLED Lighting System (Cayman) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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54.23

61.03

68.51

67.94

94.34

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
Days Inventory	Get a 7-Day Free Trial															110.16	92.82	61.87	89.48	53.59

Competitive Comparison of StrongLED Lighting System (Cayman) Co's Days Inventory

For the Electrical Equipment & Parts subindustry, StrongLED Lighting System (Cayman) Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

StrongLED Lighting System (Cayman) Co's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, StrongLED Lighting System (Cayman) Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where StrongLED Lighting System (Cayman) Co's Days Inventory falls into.

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StrongLED Lighting System (Cayman) Co Days Inventory Calculation

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 fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (176.984	+	88.591)	/	2 )	/	513.755	*	365
=	132.7875					/	513.755	*	365
=	94.34

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

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (78.414	+	60.106)	/	2 )	/	117.928	*	365 / 4
=	69.26					/	117.928	*	365 / 4
=	53.59

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

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

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

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

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.

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

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

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

StrongLED Lighting System (Cayman) Co Days Inventory Related Terms

Thank you for viewing the detailed overview of StrongLED Lighting System (Cayman) Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

StrongLED Lighting System (Cayman) Co Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

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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