CNLight Co (SZSE:002076) Inventory Turnover : 0.15 (As of Mar. 2024)

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What is CNLight 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. CNLight Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥17.9 Mil. CNLight Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥116.8 Mil. CNLight Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. CNLight Co's Days Inventory for the three months ended in Mar. 2024 was 594.54.

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. CNLight Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.84.

CNLight Co Inventory Turnover Historical Data

The historical data trend for CNLight 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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CNLight Co Inventory Turnover Chart

CNLight Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.11

3.89

1.88

1.35

0.86

CNLight Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.15	0.13	0.24	0.23	0.15

CNLight Co Inventory Turnover Calculation

CNLight Co'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 )
=	94.659	/ (	(103.777	+	115.646)	/	2 )
=	94.659	/	109.7115
=	0.86

CNLight Co's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	17.934	/ (	(115.646	+	118.052)	/	2 )
=	17.934	/	116.849
=	0.15

CNLight Co (SZSE:002076) 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.

CNLight Co's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	116.849	/	17.934	*	365 / 4
	=	594.54

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.

CNLight Co's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	116.849	/	30.417
	=	3.84

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.

CNLight Co Inventory Turnover Related Terms

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CNLight Co (SZSE:002076) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » CNLight Co Ltd (SZSE:002076) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Section A, Shishan Sci-tech Industrial Park, Nanhai District, Guangdong Province, Foshan, CHN, 528225

Website

http://www.cnlight.com

CNLight Co Ltd is a China-based company engaged in offering lighting products and solutions. It manufactures a range of LED lighting and CFL lighting products. The product portfolio of the company includes LED lamps, energy saving lamps, ceramic metal halide lamp, UV germicidal lamps, air purifier, water treatment, HID auto xenon lamps and electronic ballast. The company sells its products in China and other international countries.

Executives

Tang Hao	Executives
Chen Wen Ji	Executives
Li Zhen Jiang	Directors, executives
Dai Wen	Supervisors
Zhang Tao Hua	Directors, Directors, and Executives
Chai Guo Sheng	Director
Xian Shu Zhong	Director
Liu You Cai	Supervisors
Chen Jian Shun	Directors, executives
Chai Hua	Directors, executives
Wang Yi	Directors, executives
Huang Yun Long	Supervisors
Zhang Ming	Director
Li Yue Qi	Supervisors
Tang Han Dong	Supervisors

CNLight Co (SZSE:002076) Headlines

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