Global Lighting Technologies (TPE:4935) Days Inventory : 44.35 (As of Dec. 2023)

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What is Global Lighting Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Global Lighting Technologies's Average Total Inventories for the three months ended in Dec. 2023 was NT$634 Mil. Global Lighting Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$1,305 Mil. Hence, Global Lighting Technologies's Days Inventory for the three months ended in Dec. 2023 was 44.35.

The historical rank and industry rank for Global Lighting Technologies's Days Inventory or its related term are showing as below:

TPE:4935' s Days Inventory Range Over the Past 10 Years
Min: 34.15 Med: 47.8 Max: 62.82
Current: 62.75

During the past 13 years, Global Lighting Technologies's highest Days Inventory was 62.82. The lowest was 34.15. And the median was 47.80.

TPE:4935's Days Inventory is ranked better than
74.49% of 2407 companies
in the Hardware industry
Industry Median: 102.45 vs TPE:4935: 62.75

Global Lighting Technologies's Days Inventory declined from Dec. 2022 (68.36) to Dec. 2023 (44.35).

Inventory Turnover measures how fast the company turns over its inventory within a year. Global Lighting Technologies's Inventory Turnover for the three months ended in Dec. 2023 was 2.06.

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. Global Lighting Technologies's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.41.

Global Lighting Technologies Days Inventory Historical Data

The historical data trend for Global Lighting Technologies'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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Global Lighting Technologies Days Inventory Chart

Global Lighting Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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50.02

34.15

47.85

58.70

62.82

Global Lighting Technologies 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															68.36	100.84	57.54	56.94	44.35

Competitive Comparison of Global Lighting Technologies's Days Inventory

For the Electronic Components subindustry, Global Lighting Technologies'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.

Global Lighting Technologies's Days Inventory Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Global Lighting Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Global Lighting Technologies's Days Inventory falls into.

Global Lighting Technologies Days Inventory Calculation

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

Global Lighting Technologies'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
=	( (1237.788	+	503.52)	/	2 )	/	5058.661	*	365
=	870.654					/	5058.661	*	365
=	62.82

Global Lighting Technologies'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
=	( (764.828	+	503.52)	/	2 )	/	1304.71	*	365 / 4
=	634.174					/	1304.71	*	365 / 4
=	44.35

Global Lighting Technologies (TPE:4935) 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.

Global Lighting Technologies's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1304.71	/	634.174
	=	2.06

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.

Global Lighting Technologies's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	634.174	/	1558.385
	=	0.41

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.

Global Lighting Technologies Days Inventory Related Terms

Thank you for viewing the detailed overview of Global Lighting Technologies's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Global Lighting Technologies (TPE:4935) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Global Lighting Technologies Inc (TPE:4935) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1149, Section 3, Minquan Road, Zhongli District, Taoyuan City, TWN

Website

https://www.glthome.com

Global Lighting Technologies Inc is engaged in the design, manufacturing, and sales of applications of light guide plates, the development of optical molds, and the manufacturing, and sales of plastic components. The company has two reportable segments; the Department of light guide plates applications which provide the service of manufacturing and sales of related application products such as light guide plates, and the Department of plastic components which provides the service of design, manufacturing, and sales of plastic components. Geographically, the company operates in Asia, America, and Others, out of which it earns a majority of its revenue from Asia.

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