High Power Lighting (ROCO:6559) Inventory Turnover : 1.26 (As of Dec. 2024)

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What is High Power Lighting 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. High Power Lighting's Cost of Goods Sold for the six months ended in Dec. 2024 was NT$27.37 Mil. High Power Lighting's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$21.69 Mil. High Power Lighting's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.26.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. High Power Lighting's Days Inventory for the six months ended in Dec. 2024 was 144.65.

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. High Power Lighting's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.49.

High Power Lighting Inventory Turnover Historical Data

The historical data trend for High Power Lighting'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.

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High Power Lighting Inventory Turnover Chart

High Power Lighting Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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2.71

2.50

2.07

1.72

2.18

High Power Lighting Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															0.88	0.85	0.82	1.16	1.26

High Power Lighting Inventory Turnover Calculation

High Power Lighting's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	53.431	/ (	(25.346	+	23.668)	/	2 )
=	53.431	/	24.507
=	2.18

High Power Lighting's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	27.367	/ (	(19.714	+	23.668)	/	2 )
=	27.367	/	21.691
=	1.26

High Power Lighting (ROCO:6559) 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.

High Power Lighting's Days Inventory for the six months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	21.691	/	27.367	*	365 / 2
	=	144.65

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.

High Power Lighting's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	21.691	/	43.83
	=	0.49

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.

High Power Lighting Inventory Turnover Related Terms

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High Power Lighting Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » High Power Lighting Corp (ROCO:6559) » Definitions » Inventory Turnover

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Traded in Other Exchanges

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Address

Number 173-8, Yongfeng Road, 2nd Floor, Tu Cheng District, New Taipei City, Taipei, TWN, 236

Website

http://www.hplighting.com.tw

High Power Lighting Corp is involved in packaging, manufacturing, and designing of LED products. The company offers LED Lighting, Specialty UV, and IR Lighting & Plant-Growth Lighting.

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