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Focus Lightings Tech Co (SZSE:300708) Days Inventory : 41.15 (As of Mar. 2024)


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What is Focus Lightings Tech Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Focus Lightings Tech Co's Average Total Inventories for the three months ended in Mar. 2024 was ¥234 Mil. Focus Lightings Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥519 Mil. Hence, Focus Lightings Tech Co's Days Inventory for the three months ended in Mar. 2024 was 41.15.

The historical rank and industry rank for Focus Lightings Tech Co's Days Inventory or its related term are showing as below:

SZSE:300708' s Days Inventory Range Over the Past 10 Years
Min: 39.87   Med: 74.37   Max: 109.3
Current: 39.87

During the past 12 years, Focus Lightings Tech Co's highest Days Inventory was 109.30. The lowest was 39.87. And the median was 74.37.

SZSE:300708's Days Inventory is ranked better than
88.12% of 943 companies
in the Semiconductors industry
Industry Median: 130.22 vs SZSE:300708: 39.87

Focus Lightings Tech Co's Days Inventory declined from Mar. 2023 (52.21) to Mar. 2024 (41.15).

Inventory Turnover measures how fast the company turns over its inventory within a year. Focus Lightings Tech Co's Inventory Turnover for the three months ended in Mar. 2024 was 2.22.

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. Focus Lightings Tech Co's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.39.


Focus Lightings Tech Co Days Inventory Historical Data

The historical data trend for Focus Lightings Tech 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.

* Premium members only.

Focus Lightings Tech Co Days Inventory Chart

Focus Lightings Tech Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 72.17 55.09 43.16 49.96 42.19

Focus Lightings Tech Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 52.21 40.04 38.71 37.15 41.15

Competitive Comparison of Focus Lightings Tech Co's Days Inventory

For the Semiconductors subindustry, Focus Lightings Tech 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.


Focus Lightings Tech Co's Days Inventory Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Focus Lightings Tech Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Focus Lightings Tech Co's Days Inventory falls into.



Focus Lightings Tech Co Days Inventory Calculation

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

Focus Lightings Tech 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
=( (292.438 + 221.283) / 2 ) / 2221.941*365
=256.8605 / 2221.941*365
=42.19

Focus Lightings Tech Co's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (221.283 + 246.942) / 2 ) / 519.142*365 / 4
=234.1125 / 519.142*365 / 4
=41.15

* 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.


Focus Lightings Tech Co  (SZSE:300708) 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.

Focus Lightings Tech 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.

Focus Lightings Tech 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.


Focus Lightings Tech Co Days Inventory Related Terms

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


Focus Lightings Tech Co (SZSE:300708) Business Description

Traded in Other Exchanges
N/A
Address
8 Xinqing Road, Suzhou Industrial Park, Suzhou, CHN, 215125
Focus Lightings Tech Co Ltd is a China-based company is engaged in the manufacture and production of home and commercial lighting products. Its products include glitter lamp, desk lamp, floor lamp, wall lamp, ceiling lamp, and a pendent lamp. The company's products can be used in backlight and lighting and other fields.
Executives
Xu Ying Gai Director
Wang Hui Supervisors
Pan Hua Rong Directors, executives
Lu Ye Executives
Cheng Fei Long Directors, executives
Xu Wen Wen Securities Affairs Representative
Yin Zuo Zhao Director
Xiang Fang Nan Director
Wang Yan Li Executives
Qin Zhen Director

Focus Lightings Tech Co (SZSE:300708) Headlines

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