LBTI (Lithium & Boron Technology) Inventory Turnover: 2.42 (As of Jun. 2022)

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LBTI Lithium & Boron Technology Inc LBTI
12 GF Score
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What is Lithium & Boron Technology Inventory Turnover?

Lithium & Boron Technology LBTI 12 Inventory Turnover is 2.42 as of Jun. 2022. GuruFocus rates LBTI with a GF Score™ of 12/100.

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. Lithium & Boron Technology's Cost of Goods Sold for the three months ended in Jun. 2022 was $0.35 Mil. Lithium & Boron Technology's Average Total Inventories for the quarter that ended in Jun. 2022 was $0.14 Mil. Lithium & Boron Technology's Inventory Turnover for the quarter that ended in Jun. 2022 was 2.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lithium & Boron Technology's Days Inventory for the three months ended in Jun. 2022 was 37.78.

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. Lithium & Boron Technology's Inventory-to-Revenue for the quarter that ended in Jun. 2022 was 0.47.

Lithium & Boron Technology  (OTCPK:LBTI) 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.

Lithium & Boron Technology's Days Inventory for the three months ended in Jun. 2022 is calculated as:

Days Inventory =Average Total Inventories (Q: Jun. 2022 )/Cost of Goods Sold (Q: Jun. 2022 )*Days in Period
=0.1445/0.349*365 / 4
=37.78

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.

Lithium & Boron Technology's Inventory to Revenue for the quarter that ended in Jun. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jun. 2022 ) / Revenue (Q: Jun. 2022 )
=0.1445 / 0.31
=0.47

* 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

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.

Lithium & Boron Technology Inventory Turnover Related Terms

Lithium & Boron Technology Inventory Turnover Historical Data

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The historical data trend for Lithium & Boron 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.

Lithium & Boron Technology Inventory Turnover Chart

Lithium & Boron Technology Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.15 5.06 3.19 4.47 6.28

Lithium & Boron Technology Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Inventory Turnover 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 3.68 3.07 -3.83 0.00 2.42
LBTI
12GF Score
Lithium & Boron Technology Inc LBTI
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Lithium & Boron Technology Inventory Turnover Calculation

Lithium & Boron Technology's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

Inventory Turnover (A: Dec. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2021 ) / ((Total Inventories (A: Dec. 2020 ) + Total Inventories (A: Dec. 2021 )) / count )
=3.72 / ((1.179 + 0.005) / 2 )
=3.72 / 0.592
=6.28

Lithium & Boron Technology's Inventory Turnover for the quarter that ended in Jun. 2022 is calculated as

Inventory Turnover (Q: Jun. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Jun. 2022 ) / ((Total Inventories (Q: Mar. 2022 ) + Total Inventories (Q: Jun. 2022 )) / count )
=0.349 / ((0.005 + 0.284) / 2 )
=0.349 / 0.1445
=2.42

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 2.42 mean?
Lithium & Boron Technology (LBTI) has a Inventory Turnover of 2.42 as of Jun. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Lithium & Boron Technology and its competitors.
Is Lithium & Boron Technology's Inventory Turnover too high?
Lithium & Boron Technology's current Inventory Turnover is 2.42. Overall, Lithium & Boron Technology has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Lithium & Boron Technology's Inventory Turnover compare to ATYG and GRST?
Lithium & Boron Technology's Inventory Turnover of 2.42 can be compared against companies in the Chemicals industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for a Chemicals company?
A good Inventory Turnover depends on the Chemicals industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Lithium & Boron Technology and its competitors. Lithium & Boron Technology's current Inventory Turnover is 2.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lithium & Boron Technology stock overvalued right now?
Lithium & Boron Technology (LBTI) has a current Inventory Turnover of 2.42. The current Inventory Turnover is 2.42. Lithium & Boron Technology's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Lithium & Boron Technology (LBTI), the current Inventory Turnover is 2.42 as of Jun. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Lithium & Boron Technology Business Description

Address 60 East Ren-Min Road, Xai Xi County, Qing Hai Province, Da-Chai Dan, CHN, 817000
Lithium & Boron Technology Inc is a Chinese boric acid manufacturing company. The company focuses on the comprehensive development and utilization of salt lake resources and product research and development, and is a resource-based enterprise integrating boron ore mining, boric acid production, deep processing of borate compounds, and production and sales of industrial salt.
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