Ligao Foods Co (SZSE:300973) Inventory Turnover : 2.29 (As of Mar. 2024)

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What is Ligao Foods 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. Ligao Foods Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥618 Mil. Ligao Foods Co's Average Total Inventories for the quarter that ended in Mar. 2024 was ¥270 Mil. Ligao Foods Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 2.29.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ligao Foods Co's Days Inventory for the three months ended in Mar. 2024 was 39.92.

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. Ligao Foods Co's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.29.

Ligao Foods Co Inventory Turnover Historical Data

The historical data trend for Ligao Foods 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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Ligao Foods Co Inventory Turnover Chart

Ligao Foods Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.80

8.68

6.69

8.36

Ligao Foods Co Quarterly Data
	Dec18	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															1.85	1.87	2.13	2.44	2.29

Ligao Foods Co Inventory Turnover Calculation

Ligao Foods 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 )
=	2400.774	/ (	(312.117	+	262.042)	/	2 )
=	2400.774	/	287.0795
=	8.36

Ligao Foods 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 )
=	617.598	/ (	(262.042	+	278.387)	/	2 )
=	617.598	/	270.2145
=	2.29

Ligao Foods Co (SZSE:300973) 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.

Ligao Foods 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
	=	270.2145	/	617.598	*	365 / 4
	=	39.92

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.

Ligao Foods 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 )
	=	270.2145	/	916.149
	=	0.29

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.

Ligao Foods Co Inventory Turnover Related Terms

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Ligao Foods Co (SZSE:300973) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ligao Foods Co Ltd (SZSE:300973) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

Pingling Industrial Zone, Shitan Town Industrial Park, Zengcheng, Guangdong Province, Guangzhou, CHN, 510420

Website

http://www.ligaofoods.com

Ligao Foods Co Ltd is engaged in the production and sales of bakery food raw materials. The company's product range covers baking, beverages, snack foods, frozen semi-finished products and other fields.

Ligao Foods Co (SZSE:300973) Headlines

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