Lagis Enterprise Co (ROCO:6730) Inventory Turnover : 0.91 (As of Dec. 2024)

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What is Lagis Enterprise Co 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. Lagis Enterprise Co's Cost of Goods Sold for the six months ended in Dec. 2024 was NT$116.0 Mil. Lagis Enterprise Co's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$127.7 Mil. Lagis Enterprise Co's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.91.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lagis Enterprise Co's Days Inventory for the six months ended in Dec. 2024 was 200.85.

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. Lagis Enterprise Co's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.57.

Lagis Enterprise Co Inventory Turnover Historical Data

The historical data trend for Lagis Enterprise Co'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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Lagis Enterprise Co Inventory Turnover Chart

Lagis Enterprise Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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1.73

2.22

1.90

1.93

Lagis Enterprise Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Inventory Turnover	Get a 7-Day Free Trial											0.77	0.79	1.04	0.97	0.91

Lagis Enterprise Co Inventory Turnover Calculation

Lagis Enterprise Co'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 )
=	232.936	/ (	(113.465	+	128.304)	/	2 )
=	232.936	/	120.8845
=	1.93

Lagis Enterprise Co'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 )
=	116.028	/ (	(127.086	+	128.304)	/	2 )
=	116.028	/	127.695
=	0.91

Lagis Enterprise Co (ROCO:6730) 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.

Lagis Enterprise Co'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
	=	127.695	/	116.028	*	365 / 2
	=	200.85

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.

Lagis Enterprise Co'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 )
	=	127.695	/	224.74
	=	0.57

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.

Lagis Enterprise Co Inventory Turnover Related Terms

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Lagis Enterprise Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Lagis Enterprise Co Ltd (ROCO:6730) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No.29, Gong 1st Road, Dajia District, Taichung, TWN, 43767

Website

https://www.lagis.com.tw

Lagis Enterprise Co Ltd is a medical device development company that designs, patents, and markets medical devices for the laparoscopic and endoscopic surgical markets. Its product portfolio includes Access, Endo Devices, Specimen Retrieval products, Suction Irrigation systems, Training systems, and accessories.

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