Lens Technology Co (SZSE:300433) Inventory Turnover : 2.02 (As of Mar. 2024)

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What is Lens Technology 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. Lens Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥13,558 Mil. Lens Technology Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥6,714 Mil. Lens Technology Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lens Technology Co's Days Inventory for the three months ended in Mar. 2024 was 45.19.

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. Lens Technology Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.43.

Lens Technology Co Inventory Turnover Historical Data

The historical data trend for Lens Technology 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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Lens Technology Co Inventory Turnover Chart

Lens Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.58

5.22

5.54

5.89

6.80

Lens Technology 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															1.28	1.28	1.37	2.32	2.02

Lens Technology Co Inventory Turnover Calculation

Lens Technology 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 )
=	45428.702	/ (	(6685.009	+	6682.659)	/	2 )
=	45428.702	/	6683.834
=	6.80

Lens Technology 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 )
=	13558.285	/ (	(6682.659	+	6746.008)	/	2 )
=	13558.285	/	6714.3335
=	2.02

Lens Technology Co (SZSE:300433) 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.

Lens Technology 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
	=	6714.3335	/	13558.285	*	365 / 4
	=	45.19

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.

Lens Technology 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 )
	=	6714.3335	/	15498.275
	=	0.43

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.

Lens Technology Co Inventory Turnover Related Terms

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Lens Technology Co (SZSE:300433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Lens Technology Co Ltd (SZSE:300433) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Liuyang Biomedical Park, Changsha, CHN, 410311

Website

http://www.hnlens.com

Lens Technology Co Ltd researches develop, produces, and sells protective glass touch panels in China. It offers protective window glass, touch screen unit, touch screen module, camera module, fingerprint module, and camera related products, as well as buttons, ceramics, metal parts, and other products. The company's products are used in mobile phones; tablet PCs, notebook computers, digital cameras, players, GPS navigation systems, automotive instrumentation, smart homes, medical equipment, and other areas.

Executives

Cai Xin Feng	Executives
Zhong Zhen Zhuo	Secretary Dong
Zhou Xin Yi	Director
Zhou Qun Fei	Directors, executives
Zhou Tian Shu	Securities Affairs Representative
Li Xiao Ming	Executives
Peng Meng Wu	Secretary Dong
Chen Xiao Qun	Supervisors
Liu Shu Guang	Executives
Kuang Hong Feng	Supervisors
Liu Wei	Executives
Xiao Qian Feng	Supervisors
Rao Qiao Bing	Executives
Rao Yu Lei	Independent director

Lens Technology Co (SZSE:300433) Headlines

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