Opple Lighting Co (SHSE:603515) Inventory Turnover : 1.74 (As of Mar. 2024)

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What is Opple Lighting 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. Opple Lighting Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥974 Mil. Opple Lighting Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥560 Mil. Opple Lighting Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Opple Lighting Co's Days Inventory for the three months ended in Mar. 2024 was 52.48.

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. Opple Lighting Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.35.

Opple Lighting Co Inventory Turnover Historical Data

The historical data trend for Opple Lighting 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.

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Opple Lighting Co Inventory Turnover Chart

Opple Lighting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.28

6.60

7.29

6.84

8.44

Opple Lighting Co 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															1.80	2.19	1.86	2.13	1.74

Opple Lighting Co Inventory Turnover Calculation

Opple Lighting Co'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 )
=	4651.332	/ (	(529.009	+	572.696)	/	2 )
=	4651.332	/	550.8525
=	8.44

Opple Lighting 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: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	974.023	/ (	(572.696	+	547.658)	/	2 )
=	974.023	/	560.177
=	1.74

Opple Lighting Co (SHSE:603515) 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.

Opple Lighting 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
	=	560.177	/	974.023	*	365 / 4
	=	52.48

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.

Opple Lighting 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 )
	=	560.177	/	1583.099
	=	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.

Opple Lighting Co Inventory Turnover Related Terms

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Opple Lighting Co (SHSE:603515) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Opple Lighting Co Ltd (SHSE:603515) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

The MIXC, Lane 1799, Wuzhong Road, Building 3, Minhang District, Shanghai, CHN, 201103

Website

http://www.opple.com.cn

Opple Lighting Co Ltd is a China-based integrated lighting manufacturing company. It offers electrical appliances to large-scale commercial lighting solutions. The products of the company are LED light source, LED home luminaires and LED professional luminaires. Its other products range from lamps and ceiling fixtures to electrical appliances.

Executives

Wang Yao Hai	Director
Zhang Xue Juan	senior management
Huang Di	Director
Ma Zhi Wei	Director
Ma Xiu Hui	Directors, senior managers
Gao Zhan	Director
Ni Guo Long	Director
Han Yi Quan	senior management
Qi Xiao Ming	Director
Ding Long	Director
Hong Wei Ying	Supervisors
Wang Guo Xiao	Supervisors
Chen Jing Hua	Director

Opple Lighting Co (SHSE:603515) Headlines

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