Largan Precision Co (TPE:3008) Inventory Turnover : 1.26 (As of Mar. 2024)

View and export this data going back to 2002. Start your Free Trial

What is Largan Precision 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. Largan Precision Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$5,752 Mil. Largan Precision Co's Average Total Inventories for the quarter that ended in Mar. 2024 was NT$4,557 Mil. Largan Precision Co's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.26.

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 three months ended in Mar. 2024 was 72.29.

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 quarter that ended in Mar. 2024 was 0.40.

Largan Precision Co Inventory Turnover Historical Data

The historical data trend for Largan Precision 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.

* Premium members only.

Largan Precision Co Inventory Turnover Chart

Largan Precision Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

5.00

4.83

3.87

3.96

5.12

Largan Precision 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															0.84	0.69	1.25	1.59	1.26

Largan Precision Co Inventory Turnover Calculation

Largan Precision 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 )
=	25036.696	/ (	(5190.796	+	4590.985)	/	2 )
=	25036.696	/	4890.8905
=	5.12

Largan Precision 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 )
=	5752.43	/ (	(4590.985	+	4522.937)	/	2 )
=	5752.43	/	4556.961
=	1.26

Largan Precision Co (TPE:3008) 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.

Largan Precision 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
	=	4556.961	/	5752.43	*	365 / 4
	=	72.29

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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	4556.961	/	11313.191
	=	0.40

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.

Largan Precision Co Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Largan Precision Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Largan Precision Co (TPE:3008) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Largan Precision Co Ltd (TPE:3008) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11, Jingke Road, Nantun District, Taichung, TWN, 40852

Website

http://www.largan.com.tw

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.

Largan Precision Co (TPE:3008) Headlines

No Headlines