Leader Environmental Technologies (SGX:LS9) Inventory Turnover : 2.80 (As of Dec. 2023)

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What is Leader Environmental Technologies 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. Leader Environmental Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was S$3.53 Mil. Leader Environmental Technologies's Average Total Inventories for the quarter that ended in Dec. 2023 was S$1.26 Mil. Leader Environmental Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Leader Environmental Technologies's Days Inventory for the six months ended in Dec. 2023 was 65.28.

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. Leader Environmental Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.25.

Leader Environmental Technologies Inventory Turnover Historical Data

The historical data trend for Leader Environmental Technologies'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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Leader Environmental Technologies Inventory Turnover Chart

Leader Environmental Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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24.68

11.53

58.32

12.33

3.89

Leader Environmental Technologies 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															67.07	12.18	5.85	0.81	2.80

Leader Environmental Technologies Inventory Turnover Calculation

Leader Environmental Technologies'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 )
=	4.5	/ (	(1.103	+	1.213)	/	2 )
=	4.5	/	1.158
=	3.89

Leader Environmental Technologies'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 )
=	3.528	/ (	(1.311	+	1.213)	/	2 )
=	3.528	/	1.262
=	2.80

Leader Environmental Technologies (SGX:LS9) 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.

Leader Environmental Technologies'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
	=	1.262	/	3.528	*	365 / 2
	=	65.28

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.

Leader Environmental Technologies'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 )
	=	1.262	/	5.147
	=	0.25

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.

Leader Environmental Technologies Inventory Turnover Related Terms

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Leader Environmental Technologies (SGX:LS9) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Leader Environmental Technologies Ltd (SGX:LS9) » Definitions » Inventory Turnover

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N/A

Address

Guang Yuan Dong Road Bo Hui Street, No. 6 Block E Unit 608, Tian He District, Guangzhou, CHN

Website

https://www.leaderet.com

Leader Environmental Technologies Ltd is engaged in the research and development, design, manufacturing, assembly, installation and support services of environmental protection systems, primarily for industrial waste gas and wastewater treatments. The company operates in the segments of, (i) provision of engineering solution services in respect of sludge and water treatment, (ii) AIWater (ie. artificial intelligence technology in water treatment) and sludge treatment services, (iii) manufacturing of high-performance membrane products, and (iv) others.

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