Lumax International (TPE:6192) Inventory Turnover : 0.36 (As of Mar. 2024)

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What is Lumax International 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. Lumax International's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,234 Mil. Lumax International's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$3,408 Mil. Lumax International's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lumax International's Days Inventory for the three months ended in Mar. 2024 was 251.98.

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. Lumax International's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.90.

Lumax International Inventory Turnover Historical Data

The historical data trend for Lumax International'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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Lumax International Inventory Turnover Chart

Lumax International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.50

2.29

2.17

1.72

1.44

Lumax International 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															0.32	0.36	0.35	0.37	0.36

Lumax International Inventory Turnover Calculation

Lumax International'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 )
=	4577.827	/ (	(3001.805	+	3366.234)	/	2 )
=	4577.827	/	3184.0195
=	1.44

Lumax International'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 )
=	1234.136	/ (	(3366.234	+	3449.829)	/	2 )
=	1234.136	/	3408.0315
=	0.36

Lumax International (TPE:6192) 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.

Lumax International'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
	=	3408.0315	/	1234.136	*	365 / 4
	=	251.98

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.

Lumax International'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 )
	=	3408.0315	/	1796.379
	=	1.90

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.

Lumax International Inventory Turnover Related Terms

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Lumax International (TPE:6192) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lumax International Corp Ltd (TPE:6192) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 3-1 Yuanyuan Street, 12th Floor, Nangang District, Taipei, TWN, 11503

Website

https://www.elumax.com

Lumax International Corp Ltd is engaged in the trading of electronic components and process control equipment, integration of process control systems, and providing related maintenance services.

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