Global Lighting Technologies (TPE:4935) Inventory Turnover : 2.06 (As of Dec. 2023)

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What is Global Lighting Technologies 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. Global Lighting Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$1,305 Mil. Global Lighting Technologies's Average Total Inventories for the quarter that ended in Dec. 2023 was NT$634 Mil. Global Lighting Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.06.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Global Lighting Technologies's Days Inventory for the three months ended in Dec. 2023 was 44.35.

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. Global Lighting Technologies's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.41.

Global Lighting Technologies Inventory Turnover Historical Data

The historical data trend for Global Lighting Technologies'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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Global Lighting Technologies Inventory Turnover Chart

Global Lighting Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.30

10.69

7.63

6.22

5.81

Global Lighting Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.33	0.90	1.59	1.60	2.06

Global Lighting Technologies Inventory Turnover Calculation

Global Lighting Technologies'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 )
=	5058.661	/ (	(1237.788	+	503.52)	/	2 )
=	5058.661	/	870.654
=	5.81

Global Lighting Technologies's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1304.71	/ (	(764.828	+	503.52)	/	2 )
=	1304.71	/	634.174
=	2.06

Global Lighting Technologies (TPE:4935) 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.

Global Lighting Technologies's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	634.174	/	1304.71	*	365 / 4
	=	44.35

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.

Global Lighting Technologies's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	634.174	/	1558.385
	=	0.41

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.

Global Lighting Technologies Inventory Turnover Related Terms

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Global Lighting Technologies (TPE:4935) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Global Lighting Technologies Inc (TPE:4935) » Definitions » Inventory Turnover

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Address

No. 1149, Section 3, Minquan Road, Zhongli District, Taoyuan City, TWN

Website

https://www.glthome.com

Global Lighting Technologies Inc is engaged in the design, manufacturing, and sales of applications of light guide plates, the development of optical molds, and the manufacturing, and sales of plastic components. The company has two reportable segments; the Department of light guide plates applications which provide the service of manufacturing and sales of related application products such as light guide plates, and the Department of plastic components which provides the service of design, manufacturing, and sales of plastic components. Geographically, the company operates in Asia, America, and Others, out of which it earns a majority of its revenue from Asia.

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