The historical rank and industry rank for Largan Precision Co's Days Inventory or its related term are showing as below:
TPE:3008'
s Days Inventory Range Over the Past 10 Years
Min: 53.42 Med: 72.71 Max: 94.42
Current: 76.03
During the past 13 years, Largan Precision Co's highest Days Inventory was 94.42. The lowest was 53.42. And the median was 72.71.
TPE:3008's Days Inventory is ranked better than 62.65% of 2407
companies
in the Hardware industry
Industry Median: 102.45
vs TPE:3008: 76.03
Largan Precision Co's Days Inventory
declined
from Mar. 2023 (108.07) to Mar. 2024 (72.29).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Largan Precision Co's Inventory Turnover for the
three
months ended in Mar. 2024 was 1.26.
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.
Largan Precision Co's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.40.
Largan Precision Co Days Inventory Historical Data
The historical data trend for Largan Precision 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.
Competitive Comparison of Largan Precision Co's Days Inventory
For the Electronic Components subindustry, Largan Precision 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.
Largan Precision Co's Days Inventory Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Largan Precision Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Largan Precision Co's Days Inventory falls into.
Largan Precision Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Largan Precision Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Largan Precision Co (TPE:3008) 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.
Largan Precision Co's Inventory Turnover for the
three
months ended in Mar. 2024 is calculated as
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.
Largan Precision Co's Inventory to Revenue for the
three
months ended in Mar. 2024 is calculated as
* 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.
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.
Largan Precision Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Largan Precision Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Largan Precision Co (TPE:3008) Business Description
Largan Precision is the leader in optical lens technology and the world's largest handset lensmaker by value. The company boasts almost 30 years of experience in the production of optical lenses, namely, plastic aspherical lenses, which are widely used to manufacture smartphone cameras. It is a major supplier of high-end handset camera lenses to global smartphone brands such as Apple and Samsung. The firm also produces optical lenses for various applications such as for automobiles, digital cameras, and extended reality headsets. Largan was co-founded in 1987 by Scott Lin, whose sons Lin En Ping and Lin En Zhou serve as the current CEO and Chairman, respectively. Largan is headquartered and mainly operates in Taichung City, Taiwan and employs 7,704 people as of 2023.
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