Xiamen Leading Optics Co (SHSE:605118) Days Inventory : 214.91 (As of Dec. 2023)

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What is Xiamen Leading Optics Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Xiamen Leading Optics Co's Average Total Inventories for the three months ended in Dec. 2023 was ¥187.9 Mil. Xiamen Leading Optics Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥79.8 Mil. Hence, Xiamen Leading Optics Co's Days Inventory for the three months ended in Dec. 2023 was 214.91.

The historical rank and industry rank for Xiamen Leading Optics Co's Days Inventory or its related term are showing as below:

SHSE:605118' s Days Inventory Range Over the Past 10 Years
Min: 121.98 Med: 195.47 Max: 282.33
Current: 225.01

During the past 8 years, Xiamen Leading Optics Co's highest Days Inventory was 282.33. The lowest was 121.98. And the median was 195.47.

SHSE:605118's Days Inventory is ranked worse than
84.32% of 2405 companies
in the Hardware industry
Industry Median: 103.88 vs SHSE:605118: 225.01

Xiamen Leading Optics Co's Days Inventory declined from Dec. 2022 (330.16) to Dec. 2023 (214.91).

Inventory Turnover measures how fast the company turns over its inventory within a year. Xiamen Leading Optics Co's Inventory Turnover for the three months ended in Dec. 2023 was 0.42.

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. Xiamen Leading Optics Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.33.

Xiamen Leading Optics Co Days Inventory Historical Data

The historical data trend for Xiamen Leading Optics 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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Xiamen Leading Optics Co Days Inventory Chart

Xiamen Leading Optics Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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148.63

190.10

242.16

282.33

235.78

Xiamen Leading Optics Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															330.16	303.25	206.22	180.69	214.91

Competitive Comparison of Xiamen Leading Optics Co's Days Inventory

For the Electronic Components subindustry, Xiamen Leading Optics 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.

Xiamen Leading Optics Co's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Xiamen Leading Optics Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Xiamen Leading Optics Co's Days Inventory falls into.

Xiamen Leading Optics Co Days Inventory Calculation

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

Xiamen Leading Optics Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (274.161	+	190.884)	/	2 )	/	359.962	*	365
=	232.5225					/	359.962	*	365
=	235.78

Xiamen Leading Optics Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (185.002	+	190.884)	/	2 )	/	79.801	*	365 / 4
=	187.943					/	79.801	*	365 / 4
=	214.91

Xiamen Leading Optics Co (SHSE:605118) 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.

Xiamen Leading Optics Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	79.801	/	187.943
	=	0.42

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.

Xiamen Leading Optics Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	187.943	/	140.881
	=	1.33

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.

Xiamen Leading Optics Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Xiamen Leading Optics Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Xiamen Leading Optics Co (SHSE:605118) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Xiamen Leading Optics Co Ltd (SHSE:605118) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Plant 1, No. 26, Xinmei Road, Xinyang Industrial Zone, Haicang District, Fujian Province, Xiamen, CHN, 361028

Website

http://www.leadingoptics.com

Xiamen Leading Optics Co Ltd is engaged in design, production and sales of optical lenses. The company's products include Surveillance Lens; Automotives Lens; Machine Vision Lens; ITS Lens; Low Distortion Lens; Consumer Imaging; and Panoramic Lens. Its products are used in multiple fields of application including security surveillance, medical and biological studies and researches, intelligent traffic systems, video conference, intelligent home security, sports camera and many more.

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