Neo-Neon Holdings (TPE:911868) Inventory Turnover : 1.59 (As of Dec. 2023)

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What is Neo-Neon Holdings 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. Neo-Neon Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$1,108 Mil. Neo-Neon Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was NT$697 Mil. Neo-Neon Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.59.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Neo-Neon Holdings's Days Inventory for the six months ended in Dec. 2023 was 114.80.

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. Neo-Neon Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.35.

Neo-Neon Holdings Inventory Turnover Historical Data

The historical data trend for Neo-Neon Holdings'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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Neo-Neon Holdings Inventory Turnover Chart

Neo-Neon Holdings Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.08

3.75

3.90

3.43

2.66

Neo-Neon Holdings Semi-Annual Data
	Mar14	Sep14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.22	1.24	1.84	1.08	1.59

Neo-Neon Holdings Inventory Turnover Calculation

Neo-Neon Holdings'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 )
=	1926.859	/ (	(774.574	+	674.265)	/	2 )
=	1926.859	/	724.4195
=	2.66

Neo-Neon Holdings'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1108.333	/ (	(720.118	+	674.265)	/	2 )
=	1108.333	/	697.1915
=	1.59

Neo-Neon Holdings (TPE:911868) 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.

Neo-Neon Holdings's Days Inventory for the six 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
	=	697.1915	/	1108.333	*	365 / 2
	=	114.80

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.

Neo-Neon Holdings'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 )
	=	697.1915	/	2011.148
	=	0.35

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.

Neo-Neon Holdings Inventory Turnover Related Terms

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Neo-Neon Holdings (TPE:911868) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Neo-Neon Holdings Ltd (TPE:911868) » Definitions » Inventory Turnover

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01868:Hong Kong

Address

188 Des Voeux Road Central, Unit 2101, 21st Floor, Golden Centre, Hong Kong, HKG

Website

http://www.neo-neon.com

Neo-Neon Holdings Ltd is a manufacturer and distributor of LED decorative lighting products. The company's product portfolio is divided into LED decorative lighting, Commercial lighting, Professional lighting, Professional architectural lighting, Industrial lighting, Landscape lighting, and other products. Its segments include the PRC lighting segment, which consists of research and development, manufacture of lighting products in China, and distribution of lighting products in China and overseas; and the USA lighting segment consists of the provision of lighting solutions and trading of lighting products in the USA. Its geographical segments include North America, which generates the vast majority of the company's revenue; Europe; The PRC; Asia (excluding the PRC); and Other countries.

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