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Intelligent Living Application Group (Intelligent Living Application Group) Inventory Turnover : 0.81 (As of Dec. 2023)


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What is Intelligent Living Application Group 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. Intelligent Living Application Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $4.06 Mil. Intelligent Living Application Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $5.04 Mil. Intelligent Living Application Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.81.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Intelligent Living Application Group's Days Inventory for the six months ended in Dec. 2023 was 226.59.

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. Intelligent Living Application Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.12.

Intelligent Living Application Group Inventory Turnover Historical Data

The historical data trend for Intelligent Living Application Group'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.

* Premium members only.

Intelligent Living Application Group Inventory Turnover Chart

Intelligent Living Application Group Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial 2.82 2.47 2.38 2.09 1.22

Intelligent Living Application Group Semi-Annual Data
Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Inventory Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 1.29 1.28 0.79 0.37 0.81

Intelligent Living Application Group Inventory Turnover Calculation

Intelligent Living Application Group'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 )
=5.81 / ((4.472 + 5.028) / 2 )
=5.81 / 4.75
=1.22

Intelligent Living Application Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=4.061 / ((5.056 + 5.028) / 2 )
=4.061 / 5.042
=0.81

* 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.

Intelligent Living Application Group  (NAS:ILAG) 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.

Intelligent Living Application Group's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=5.042/4.061*365 / 2
=226.59

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.

Intelligent Living Application Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=5.042 / 4.508
=1.12

* 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

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.

Intelligent Living Application Group Inventory Turnover Related Terms

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Intelligent Living Application Group (Intelligent Living Application Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Intelligent Living Application Group Inc (NAS:ILAG) » Definitions » Inventory Turnover
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Traded in Other Exchanges
N/A
Address
1-15 Kwai Fung Crescent, Unit 2, 5th Floor, Block A, Profit Industrial Building, Kwai Chung New Territories, Hong Kong, HKG
Website
http://www.i-l-a-g.com
Intelligent Living Application Group Inc is engaged in the business of manufacturing and selling mechanical locksets. The business is spread across the Unites States, Canada, Australia, and China. Majority of the revenue is generated from the United States.