Xiamen Changelight Co (SZSE:300102) Inventory Turnover : 1.09 (As of Mar. 2025)

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What is Xiamen Changelight 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. Xiamen Changelight Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥675 Mil. Xiamen Changelight Co's Average Total Inventories for the quarter that ended in Mar. 2025 was ¥622 Mil. Xiamen Changelight Co's Inventory Turnover for the quarter that ended in Mar. 2025 was 1.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Xiamen Changelight Co's Days Inventory for the three months ended in Mar. 2025 was 84.08.

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. Xiamen Changelight Co's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 0.80.

Xiamen Changelight Co Inventory Turnover Historical Data

The historical data trend for Xiamen Changelight 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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Xiamen Changelight Co Inventory Turnover Chart

Xiamen Changelight Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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2.98

3.37

2.83

4.12

3.85

Xiamen Changelight Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															1.01	1.27	0.99	0.80	1.09

Xiamen Changelight Co Inventory Turnover Calculation

Xiamen Changelight 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 )
=	2027.351	/ (	(478.404	+	574.926)	/	2 )
=	2027.351	/	526.665
=	3.85

Xiamen Changelight Co's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	674.5	/ (	(574.926	+	668.116)	/	2 )
=	674.5	/	621.521
=	1.09

Xiamen Changelight Co (SZSE:300102) 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.

Xiamen Changelight Co's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	621.521	/	674.5	*	365 / 4
	=	84.08

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.

Xiamen Changelight Co's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	621.521	/	775.91
	=	0.80

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.

Xiamen Changelight Co Inventory Turnover Related Terms

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Xiamen Changelight Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Xiamen Changelight Co Ltd (SZSE:300102) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Xiangyue Road, Xiamen Torch Xiang An, Industry Park, Xiamen, CHN

Website

http://www.changelight.com.cn

Xiamen Changelight Co Ltd is engaged in the research, development, production, and sale of semiconductor materials in China. The company mainly produces full-color ultra-bright LED epitaxial wafers and chips, high-performance gallium arsenide solar cells, LED lighting products and provides energy-saving lighting application solutions. The product distribution network covers all parts of the country and Southeast Asia.

Executives

Liu Zhao	Executives
Li Min Hua	Director
Jin Zhang Yu	Director
Cai Hai Fang	Executives
Zheng Yuan Xin	Executives
Niu Xing Sheng	Executives
Liu Wen Hui	Directors, executives
Zhang Xian Cheng	Executives
Peng Xing Hua	Executives
Cai Yu Mei	Supervisors
Wang Wei Yong	Director
Zhang Shuang Xiang	Executives
Wang Jian Hong	Supervisors
Deng Dian Ming	Director
Wang Xiang Wu	Directors, executives

Xiamen Changelight Co Headlines

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