L & K Engineering Co (TPE:6139) Inventory Turnover : 24.85 (As of Mar. 2024)

View and export this data going back to 2003. Start your Free Trial

What is L & K Engineering 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. L & K Engineering Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$17,311 Mil. L & K Engineering Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$697 Mil. L & K Engineering Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 24.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. L & K Engineering Co's Days Inventory for the three months ended in Mar. 2024 was 3.67.

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. L & K Engineering Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.04.

L & K Engineering Co Inventory Turnover Historical Data

The historical data trend for L & K Engineering 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.

* Premium members only.

L & K Engineering Co Inventory Turnover Chart

L & K Engineering Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

Get a 7-Day Free Trial

47.15

22.84

16.54

34.57

50.71

L & K Engineering Co 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															13.60	10.58	12.27	17.89	24.85

L & K Engineering Co Inventory Turnover Calculation

L & K Engineering Co'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 )
=	33001.985	/ (	(606.301	+	695.4)	/	2 )
=	33001.985	/	650.8505
=	50.71

L & K Engineering 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: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	17310.68	/ (	(696.621	+	696.777)	/	2 )
=	17310.68	/	696.699
=	24.85

L & K Engineering Co (TPE:6139) 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.

L & K Engineering 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
	=	696.699	/	17310.68	*	365 / 4
	=	3.67

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.

L & K Engineering 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 )
	=	696.699	/	19166.561
	=	0.04

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.

L & K Engineering Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of L & K Engineering Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

L & K Engineering Co (TPE:6139) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » L & K Engineering Co Ltd (TPE:6139) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

5F., No.17, Lane 120, Neihu Rd, Sec. 1, Neihu District, Taipei City, TWN, 11493

Website

https://www.lkeng.com.tw

L & K Engineering Co Ltd is a Taiwan-based professional engineering company that provides fully integrated turnkey engineering services for cleanroom construction projects, process utility systems, electrical and mechanical engineering, and other associated engineering projects. The company is also engaged in the construction of hospital sterile rooms, biochemical pharmaceutical sterile rooms, electronic industry clean rooms, and related mechanical and electrical pipelines.

L & K Engineering Co (TPE:6139) Headlines

No Headlines