LICT (LICT) Inventory Turnover : 2.49 (As of Dec. 2018)

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What is LICT 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. LICT's Cost of Goods Sold for the three months ended in Dec. 2018 was $12.2 Mil. LICT's Average Total Inventories for the quarter that ended in Dec. 2018 was $4.9 Mil. LICT's Inventory Turnover for the quarter that ended in Dec. 2018 was 2.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LICT's Days Inventory for the three months ended in Dec. 2018 was 36.61.

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. LICT's Inventory-to-Revenue for the quarter that ended in Dec. 2018 was 0.17.

LICT Inventory Turnover Historical Data

The historical data trend for LICT'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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LICT Inventory Turnover Chart

LICT Annual Data

Trend

Dec06

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Inventory Turnover

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11.71

12.88

12.89

12.03

10.85

LICT Quarterly Data
	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Inventory Turnover	Get a 7-Day Free Trial															2.81	2.74	2.65	2.46	2.49

LICT Inventory Turnover Calculation

LICT's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Inventory Turnover (A: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2018 )	/ (	(Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )
=	48.48	/ (	(4.205	+	4.735)	/	2 )
=	48.48	/	4.47
=	10.85

LICT's Inventory Turnover for the quarter that ended in Dec. 2018 is calculated as

	Inventory Turnover (Q: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2018 )	/ (	(Total Inventories (Q: Sep. 2018 )	+	Total Inventories (Q: Dec. 2018 ))	/	count )
=	12.213	/ (	(5.064	+	4.735)	/	2 )
=	12.213	/	4.8995
=	2.49

LICT (OTCPK:LICT) 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.

LICT's Days Inventory for the three months ended in Dec. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2018 )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
	=	4.8995	/	12.213	*	365 / 4
	=	36.61

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.

LICT's Inventory to Revenue for the quarter that ended in Dec. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2018 )	/	Revenue (Q: Dec. 2018 )
	=	4.8995	/	28.856
	=	0.17

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.

LICT Inventory Turnover Related Terms

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LICT (LICT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » LICT Corp (OTCPK:LICT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

401 Theodore Fremd Avenue, Rye, NY, USA, 10580-1430

Website

https://www.lictcorp.com

LICT Corp is a United States-based integrated provider of broadband, voice and video services. It provides high speed broadband services, including internet access, through fiber optic facilities, copper-based digital subscriber lines, fixed wireless, and coax cable via cable modems. The Company also provides a number of other services, including video services through both traditional cable television services and internet protocol television services, Voice over Internet Protocol, wireless voice communications, and several related telecommunications services. On the voice side, the Company has traditionally operated as both a Rural Local Exchange Carrier and a Competitive Local Exchange Carrier.

Executives

Mario J Gabelli	director, 10 percent owner, officer: Chief Executive Officer	191 MASON STREET, GREENWICH CT 06830
Marc Gabelli	director, other: Resigned as director 5-6-04	401 THEODORE FREMD AVE, RYE NY 10580
Frederic V Salerno	director, other: Resigned as director on2-20-04	TWO PENNSYLVANIA PLAZA, NEW YORK NY 10121
Vincent S Tese	director, other: Resigned as director on2-20-04
Mjg Iv Limited Partnership	10 percent owner

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