The historical rank and industry rank for Zhejiang Lante Optics Co's Days Inventory or its related term are showing as below:
SHSE:688127'
s Days Inventory Range Over the Past 10 Years
Min: 113.29 Med: 144.2 Max: 205.06
Current: 145.73
During the past 9 years, Zhejiang Lante Optics Co's highest Days Inventory was 205.06. The lowest was 113.29. And the median was 144.20.
SHSE:688127's Days Inventory is ranked worse than 58.07% of 942
companies
in the Semiconductors industry
Industry Median: 130.435
vs SHSE:688127: 145.73
Zhejiang Lante Optics Co's Days Inventory
declined
from Mar. 2023 (224.27) to Mar. 2024 (177.70).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Zhejiang Lante Optics Co's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.51.
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.
Zhejiang Lante Optics Co's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 1.27.
Zhejiang Lante Optics Co Days Inventory Historical Data
* 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.
Competitive Comparison of Zhejiang Lante Optics Co's Days Inventory
For the Semiconductor Equipment & Materials subindustry, Zhejiang Lante 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.
Zhejiang Lante Optics Co's Days Inventory Distribution in the Semiconductors Industry
For the Semiconductors industry and Technology sector, Zhejiang Lante Optics Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Zhejiang Lante Optics Co's Days Inventory falls into.
Zhejiang Lante Optics Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Zhejiang Lante Optics Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Zhejiang Lante Optics Co (SHSE:688127) 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.
Zhejiang Lante Optics Co's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
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.
Zhejiang Lante Optics Co's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* 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.
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.
Zhejiang Lante Optics Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Zhejiang Lante Optics Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Zhejiang Lante Optics Co (SHSE:688127) Business Description
Zhejiang Lante Optics Co Ltd is engaged in production and sales of optical components. The company produces prisms, lenses, glass wafers, glass aspheric lenses, coatings and lens assembly, and has been involved in traditional optics, optoelectronic displays, photovoltaics, automobiles, lighting, optical communications, semiconductors, consumer electronics, medical, virtual/augmented reality and other fields. The processing and manufacturing of optical products can be found in the core components of high-tech products such as telescopes, microscopes, mobile phone, AR/VR, digital cameras, security monitors, multimedia projectors, sights, image measuring equipment, and automobile interior and exterior decoration.
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