Leoch International Technology (HKSE:00842) Inventory Turnover : 2.36 (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Leoch International Technology Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Leoch International Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$6,937 Mil. Leoch International Technology's Average Total Inventories for the quarter that ended in Dec. 2023 was HK$2,941 Mil. Leoch International Technology's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Leoch International Technology's Days Inventory for the six months ended in Dec. 2023 was 77.37.

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. Leoch International Technology's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.36.

Leoch International Technology Inventory Turnover Historical Data

The historical data trend for Leoch International Technology's Inventory Turnover 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.

Leoch International Technology Inventory Turnover Chart

Leoch International Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

3.85

4.85

5.24

5.17

4.68

Leoch International Technology Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.66	2.52	2.57	2.16	2.36

Leoch International Technology Inventory Turnover Calculation

Leoch International Technology's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	12608.566	/ (	(2385.827	+	3006.492)	/	2 )
=	12608.566	/	2696.1595
=	4.68

Leoch International Technology's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	6936.847	/ (	(2875.305	+	3006.492)	/	2 )
=	6936.847	/	2940.8985
=	2.36

Leoch International Technology (HKSE:00842) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Leoch International Technology's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	2940.8985	/	6936.847	*	365 / 2
	=	77.37

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.

Leoch International Technology's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2940.8985	/	8168.143
	=	0.36

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Leoch International Technology Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Leoch International Technology's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Leoch International Technology (HKSE:00842) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Leoch International Technology Ltd (HKSE:00842) » Definitions » Inventory Turnover

Traded in Other Exchanges

0LT:Germany

Address

No. 83, Zhanjing Road, Zhonggang Plaza, Exhibition Bay, 14th Floor, Block A, Tower 6, Fuyong Airport New City South, Baoan District, Shenzhen, CHN

Website

https://www.leoch.com

Leoch International Technology Ltd is a vertically integrated enterprise. It is engaged in the development, sale, and manufacture of lead-acid batteries, recycled lead products, and others. Its product portfolio under lead-acid batteries consists of reserve power batteries, SLI batteries, motive power batteries, and others. The lead-acid-based reserve power batteries generate a vast majority of revenue for the company. Geographically, the company offers its services to China, Europe, the Middle East and Africa, the Americas, and Asia-Pacific, out of which China is the key revenue driver.

Executives

Rays Capital Partners Limited	2102 Investment manager
Ruan David Ching Chi	2201 Interest of corporation controlled by you
Asian Equity Special Opportunities Portfolio Master Fund Limited	2101 Beneficial owner
Dong Li	2201 Interest of corporation controlled by you
Master Alliance Investment Limited	2201 Interest of corporation controlled by you

Leoch International Technology (HKSE:00842) Headlines

No Headlines