Leader Harmonious Drive Systems Co (SHSE:688017) Inventory Turnover: 0.32 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SHSE:688017 Leader Harmonious Drive Systems Co Ltd SHSE:688017
88 GF Score
Price ¥261.00
GF Value ¥222.55
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is Leader Harmonious Drive Systems Co Inventory Turnover?

Leader Harmonious Drive Systems Co SHSE:688017 -7.99% 88 Inventory Turnover is 0.32 as of Mar. 2026. GuruFocus rates SHSE:688017 with a GF Score™ of 88/100 and a GF Value™ of ¥222.55 (Modestly Overvalued). The stock has 4 warning signs investors should review.

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 Harmonious Drive Systems Co's Cost of Goods Sold for the three months ended in Mar. 2026 was ¥93.0 Mil. Leader Harmonious Drive Systems Co's Average Total Inventories for the quarter that ended in Mar. 2026 was ¥291.2 Mil. Leader Harmonious Drive Systems Co's Inventory Turnover for the quarter that ended in Mar. 2026 was 0.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Leader Harmonious Drive Systems Co's Days Inventory for the three months ended in Mar. 2026 was 285.67.

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 Harmonious Drive Systems Co's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 2.08.


Leader Harmonious Drive Systems Co  (SHSE:688017) 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 Harmonious Drive Systems Co's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=291.2205/93.024*365 / 4
=285.67

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 Harmonious Drive Systems Co's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=291.2205 / 140.134
=2.08

* 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.


Leader Harmonious Drive Systems Co Inventory Turnover Related Terms


Leader Harmonious Drive Systems Co Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Leader Harmonious Drive Systems 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.

Leader Harmonious Drive Systems Co Inventory Turnover Chart

Leader Harmonious Drive Systems Co Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only 1.37 1.07 0.83 0.97 1.36

Leader Harmonious Drive Systems Co Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.25 0.38 0.35 0.36 0.32
SHSE:688017
88GF Score
Leader Harmonious Drive Systems Co Ltd SHSE:688017
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Leader Harmonious Drive Systems Co Inventory Turnover Calculation

Leader Harmonious Drive Systems Co's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Inventory Turnover (A: Dec. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2025 ) / ((Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count )
=360.091 / ((245.568 + 285.029) / 2 )
=360.091 / 265.2985
=1.36

Leader Harmonious Drive Systems Co's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=93.024 / ((285.029 + 297.412) / 2 )
=93.024 / 291.2205
=0.32

* 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 0.32 mean?
Leader Harmonious Drive Systems Co (SHSE:688017) has a Inventory Turnover of 0.32 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Leader Harmonious Drive Systems Co and its competitors.
Is Leader Harmonious Drive Systems Co's Inventory Turnover too high?
Leader Harmonious Drive Systems Co's current Inventory Turnover is 0.32. Overall, Leader Harmonious Drive Systems Co has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Leader Harmonious Drive Systems Co's Inventory Turnover compare to GEV and ETN?
Leader Harmonious Drive Systems Co's Inventory Turnover of 0.32 can be compared against companies in the Industrial Products 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 an Industrial Products company?
A good Inventory Turnover depends on the Industrial Products 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 Leader Harmonious Drive Systems Co and its competitors. Leader Harmonious Drive Systems Co's current Inventory Turnover is 0.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Leader Harmonious Drive Systems Co stock overvalued right now?
Based on GuruFocus' analysis, Leader Harmonious Drive Systems Co (SHSE:688017) is currently considered Modestly Overvalued. The stock's GF Value™ is ¥222.55, compared to a current price of ¥261.00 — trading 17.3% above its estimated fair value. The current Inventory Turnover is 0.32. Leader Harmonious Drive Systems Co's overall GF Score™ is 88/100 with 4 warning signs to review. 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 Leader Harmonious Drive Systems Co (SHSE:688017), the current Inventory Turnover is 0.32 as of Mar. 2026. 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.

Is Leader Harmonious Drive Systems Co (SHSE:688017) Overvalued in 2026?

Based on GuruFocus' analysis, Leader Harmonious Drive Systems Co stock appears to be overvalued. The current stock price of ¥261.00 is trading 17.3% above its estimated GF Value™ of ¥222.55. GuruFocus considers Leader Harmonious Drive Systems Co to be Modestly Overvalued.

Key valuation signals for SHSE:688017:

  • Inventory Turnover: 0.32
  • GF Value™: ¥222.55 vs. price of ¥261.00 (17.3% above fair value)
  • GF Score™: 88/100 with 4 warning signs

No single metric tells the full story. See the SHSE:688017 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Leader Harmonious Drive Systems Co Business Description

Address No. 19, Muxu West Road, Mudu Town, Wuzhong District, Jiangsu Province, Suzhou, CHN, 215101
Leader Harmonious Drive Systems Co Ltd is engaged in design, production and sales of precision transmission devices. The company's products include harmonic reducers, mechatronics actuators and precision parts. Its products are widely used in high-end manufacturing fields such as industrial robots, service robots, CNC machine tools, aerospace, medical equipment, semiconductor production equipment, and new energy equipment.
88GF Score

Get the complete analysis for SHSE:688017

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

¥261.00
Price
¥222.55
GF Value