Lien Hwa Industrial Holding (TPE:1229) Inventory Turnover : 1.72 (As of Mar. 2024)

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What is Lien Hwa Industrial Holding 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. Lien Hwa Industrial Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$2,500 Mil. Lien Hwa Industrial Holding's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$1,451 Mil. Lien Hwa Industrial Holding's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lien Hwa Industrial Holding's Days Inventory for the three months ended in Mar. 2024 was 52.97.

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. Lien Hwa Industrial Holding's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.48.

Lien Hwa Industrial Holding Inventory Turnover Historical Data

The historical data trend for Lien Hwa Industrial Holding'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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Lien Hwa Industrial Holding Inventory Turnover Chart

Lien Hwa Industrial Holding Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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4.38

6.10

6.17

5.89

5.59

Lien Hwa Industrial Holding Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.46	1.41	1.39	1.37	1.72

Lien Hwa Industrial Holding Inventory Turnover Calculation

Lien Hwa Industrial Holding's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	9634.282	/ (	(1710.362	+	1737.183)	/	2 )
=	9634.282	/	1723.7725
=	5.59

Lien Hwa Industrial Holding'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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2500.227	/ (	(1665.571	+	1237.267)	/	2 )
=	2500.227	/	1451.419
=	1.72

Lien Hwa Industrial Holding (TPE:1229) 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.

Lien Hwa Industrial Holding'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
	=	1451.419	/	2500.227	*	365 / 4
	=	52.97

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.

Lien Hwa Industrial Holding'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 )
	=	1451.419	/	3050.5
	=	0.48

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.

Lien Hwa Industrial Holding Inventory Turnover Related Terms

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Lien Hwa Industrial Holding (TPE:1229) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Lien Hwa Industrial Holding Corp (TPE:1229) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 44, Section 1, Chengde Road, 6th Floor, Datong District, Taipei, TWN

Website

https://www.lhicholdings.com

Lien Hwa Industrial Holding Corp is engaged in flour production and sale, real estate rental, integrated system service, automatic system, and other electronic businesses. The company has five reportable segments. The rental business provides real property rental and development services. The noodle business manufactures and sells all kinds of noodles and processed foods. The noodle business overseas is a noodles manufacturing and sale company. The system integration service business provides the system integration service, automatic system, applied software design, and sale of industrial computers. The administrative resource center is responsible for the management of domestic/foreign investment business.

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