Lagis Enterprise Co (ROCO:6730) Days Inventory : 175.59 (As of Dec. 2023)

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What is Lagis Enterprise Co Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Lagis Enterprise Co's Average Total Inventories for the six months ended in Dec. 2023 was NT$126.8 Mil. Lagis Enterprise Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$131.7 Mil. Hence, Lagis Enterprise Co's Days Inventory for the six months ended in Dec. 2023 was 175.59.

The historical rank and industry rank for Lagis Enterprise Co's Days Inventory or its related term are showing as below:

ROCO:6730' s Days Inventory Range Over the Past 10 Years
Min: 164.78 Med: 190.95 Max: 211.21
Current: 196.89

During the past 8 years, Lagis Enterprise Co's highest Days Inventory was 211.21. The lowest was 164.78. And the median was 190.95.

ROCO:6730's Days Inventory is ranked worse than
50.84% of 773 companies
in the Medical Devices & Instruments industry
Industry Median: 193.31 vs ROCO:6730: 196.89

Lagis Enterprise Co's Days Inventory declined from Dec. 2022 (236.06) to Dec. 2023 (175.59).

Inventory Turnover measures how fast the company turns over its inventory within a year. Lagis Enterprise Co's Inventory Turnover for the six months ended in Dec. 2023 was 1.04.

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. Lagis Enterprise Co's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.52.

Lagis Enterprise Co Days Inventory Historical Data

The historical data trend for Lagis Enterprise Co's Days Inventory 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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Lagis Enterprise Co Days Inventory Chart

Lagis Enterprise Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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209.45

211.21

164.78

191.88

189.30

Lagis Enterprise Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial									157.25	144.04	236.06	230.94	175.59

Competitive Comparison of Lagis Enterprise Co's Days Inventory

For the Medical Instruments & Supplies subindustry, Lagis Enterprise Co's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lagis Enterprise Co's Days Inventory Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Lagis Enterprise Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Lagis Enterprise Co's Days Inventory falls into.

Lagis Enterprise Co Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Lagis Enterprise Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (136.558	+	113.465)	/	2 )	/	241.046	*	365
=	125.0115					/	241.046	*	365
=	189.30

Lagis Enterprise Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (140.059	+	113.465)	/	2 )	/	131.748	*	365 / 2
=	126.762					/	131.748	*	365 / 2
=	175.59

Lagis Enterprise Co (ROCO:6730) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Lagis Enterprise Co's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	131.748	/	126.762
	=	1.04

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.

Lagis Enterprise Co's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	126.762	/	244.417
	=	0.52

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Lagis Enterprise Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Lagis Enterprise Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Lagis Enterprise Co (ROCO:6730) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Lagis Enterprise Co Ltd (ROCO:6730) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.29, Gong 1st Road, Dajia District, Taichung, TWN, 43767

Website

https://www.lagis.com.tw

Lagis Enterprise Co Ltd is a medical device development company that designs, patents, and markets medical devices for the laparoscopic and endoscopic surgical markets. Its product portfolio includes Access, Endo Devices, Specimen Retrieval products, Suction Irrigation systems, Training systems, and accessories.

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