LED iBond International A/S (OCSE:LEDIBOND) Inventory Turnover : 0.88 (As of Mar. 2024)

View and export this data going back to 2020. Start your Free Trial

What is LED iBond International A/S 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. LED iBond International A/S's Cost of Goods Sold for the three months ended in Mar. 2024 was kr2.14 Mil. LED iBond International A/S's Average Total Inventories for the quarter that ended in Mar. 2024 was kr2.42 Mil. LED iBond International A/S's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LED iBond International A/S's Days Inventory for the three months ended in Mar. 2024 was 103.17.

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. LED iBond International A/S's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.25.

LED iBond International A/S Inventory Turnover Historical Data

The historical data trend for LED iBond International A/S'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.

LED iBond International A/S Inventory Turnover Chart

LED iBond International A/S Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

2.15

1.28

0.88

2.74

2.12

LED iBond International A/S 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															0.35	0.31	-0.03	1.40	0.88

LED iBond International A/S Inventory Turnover Calculation

LED iBond International A/S'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 )
=	5.214	/ (	(2.647	+	2.265)	/	2 )
=	5.214	/	2.456
=	2.12

LED iBond International A/S'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 )
=	2.14	/ (	(2.265	+	2.574)	/	2 )
=	2.14	/	2.4195
=	0.88

LED iBond International A/S (OCSE:LEDIBOND) 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.

LED iBond International A/S'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
	=	2.4195	/	2.14	*	365 / 4
	=	103.17

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.

LED iBond International A/S'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 )
	=	2.4195	/	1.941
	=	1.25

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.

LED iBond International A/S Inventory Turnover Related Terms

Thank you for viewing the detailed overview of LED iBond International A/S's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

LED iBond International A/S (OCSE:LEDIBOND) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » LED iBond International A/S (OCSE:LEDIBOND) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Agern Alle 5A, Horsholm, DNK, 2970

Website

https://www.ledibond.com

LED iBond International A/S is a Danish technology company that offers solutions for integrating light and data, based on its deep knowledge of modern LED technology and many years of development. The patented technology includes the lightest and thinnest LED, offering a value proposition combining total design flexibility, full IoT integration, and low total costs of ownership. Its technology has been deployed in many projects, ranging from intelligent shelf lighting to large-scale indoor illumination projects such as the installation of 3.2 kilometers of Tracy, the company's flagship product, at DTU, the Technical University of Denmark.

LED iBond International A/S (OCSE:LEDIBOND) Headlines

No Headlines