Lets Holdings Group Co (SZSE:002398) Inventory Turnover : 3.35 (As of Mar. 2024)

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What is Lets Holdings Group 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. Lets Holdings Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥391 Mil. Lets Holdings Group Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥117 Mil. Lets Holdings Group Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.35.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lets Holdings Group Co's Days Inventory for the three months ended in Mar. 2024 was 27.22.

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. Lets Holdings Group Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.22.

Lets Holdings Group Co Inventory Turnover Historical Data

The historical data trend for Lets Holdings Group 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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Lets Holdings Group Co Inventory Turnover Chart

Lets Holdings Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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26.37

23.85

25.10

20.73

18.47

Lets Holdings Group 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															3.77	7.82	6.17	0.65	3.35

Lets Holdings Group Co Inventory Turnover Calculation

Lets Holdings Group 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 )
=	2298.423	/ (	(128.706	+	120.224)	/	2 )
=	2298.423	/	124.465
=	18.47

Lets Holdings Group 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 )
=	391.055	/ (	(120.224	+	113.088)	/	2 )
=	391.055	/	116.656
=	3.35

Lets Holdings Group Co (SZSE:002398) 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.

Lets Holdings Group 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
	=	116.656	/	391.055	*	365 / 4
	=	27.22

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.

Lets Holdings Group 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 )
	=	116.656	/	520.541
	=	0.22

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.

Lets Holdings Group Co Inventory Turnover Related Terms

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Lets Holdings Group Co (SZSE:002398) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Lets Holdings Group Co Ltd (SZSE:002398) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 62 Hubin South Road, Simin District, Fujian, Xiamen, CHN, 361004

Website

http://www.xmabr.com

Lets Holdings Group Co Ltd is a China-based company engaged in the comprehensive technical service of buildings, commercial concrete, concrete admixtures, autoclaved aerated concrete block, and special engineering construction. It is also an information technology and intelligent service provider.

Executives

Cai Yong Tai	Directors, executives
Ma Xiu Xing	Directors, executives
Li Xiao Bin	Directors, executives
Ye Bin	Executives
Guo Yuan Qiang	Supervisors
Lin Yan Ni	Supervisors
Huang Ming Hui	Executives
Gui Miao Miao	Director
Lin Qian Yu	Directors, Directors, and Executives
Ke Lin Xiang	Securities Affairs Representative

Lets Holdings Group Co (SZSE:002398) Headlines

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