Legacy Education Alliance (Legacy Education Alliance) Days Inventory : 1.98 (As of Sep. 2023)

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What is Legacy Education Alliance Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Legacy Education Alliance's Average Total Inventories for the three months ended in Sep. 2023 was $0.00 Mil. Legacy Education Alliance's Cost of Goods Sold for the three months ended in Sep. 2023 was $0.05 Mil. Hence, Legacy Education Alliance's Days Inventory for the three months ended in Sep. 2023 was 1.98.

The historical rank and industry rank for Legacy Education Alliance's Days Inventory or its related term are showing as below:

LEAI' s Days Inventory Range Over the Past 10 Years
Min: 0.43 Med: 1.6 Max: 3.35
Current: 0.91

During the past 11 years, Legacy Education Alliance's highest Days Inventory was 3.35. The lowest was 0.43. And the median was 1.60.

LEAI's Days Inventory is ranked better than
89.74% of 156 companies
in the Education industry
Industry Median: 8.825 vs LEAI: 0.91

Legacy Education Alliance's Days Inventory increased from Sep. 2022 (1.38) to Sep. 2023 (1.98). It might indicate that Legacy Education Alliance's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Legacy Education Alliance's Inventory Turnover for the three months ended in Sep. 2023 was 46.00.

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.

Legacy Education Alliance Days Inventory Historical Data

The historical data trend for Legacy Education Alliance'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.

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Legacy Education Alliance Days Inventory Chart

Legacy Education Alliance Annual Data

Trend

Sep13

Sep14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

Get a 7-Day Free Trial

1.43

0.43

1.77

0.88

0.80

Legacy Education Alliance Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															1.38	0.49	1.25	0.95	1.98

Competitive Comparison of Legacy Education Alliance's Days Inventory

For the Education & Training Services subindustry, Legacy Education Alliance'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.

Legacy Education Alliance's Days Inventory Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Legacy Education Alliance's Days Inventory distribution charts can be found below:

* The bar in red indicates where Legacy Education Alliance's Days Inventory falls into.

Legacy Education Alliance Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Legacy Education Alliance's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.001	+	0.001)	/	2 )	/	0.456	*	365
=	0.001					/	0.456	*	365
=	0.80

Legacy Education Alliance's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.001	+	0.001)	/	2 )	/	0.046	*	365 / 4
=	0.001					/	0.046	*	365 / 4
=	1.98

Legacy Education Alliance (OTCPK:LEAI) 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.

Legacy Education Alliance's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.046	/	0.001
	=	46.00

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.

Legacy Education Alliance's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.001	/	-0.018
	=

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.

Legacy Education Alliance Days Inventory Related Terms

Thank you for viewing the detailed overview of Legacy Education Alliance's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Legacy Education Alliance (Legacy Education Alliance) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Legacy Education Alliance Inc (OTCPK:LEAI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1490 NE Pine Island Road, Suite 5D, Cape Coral, FL, USA, 33909

Website

https://www.legacyeducationalliance.com

Legacy Education Alliance Inc is engaged in the provision of educational training seminars, conferences, and services. It offers comprehensive instruction and mentorship in the areas of personal finance, entrepreneurship, real estate investing strategies, and techniques. Some of its brands are Homemade Investor, and Building Wealth with Legacy. Its geographical segments are North America, the United Kingdom, and Other foreign markets, of which the majority of its revenue comes from North America.

Executives

Barry Kostiner	director	C/O AMERI HOLDINGS, INC., 5000 RESEARCH COURT, SUITE 750, SUWANEE GA 30024
Michel Botbol	director, officer: Chief Executive Officer	1490 N. E. PINE ISLAND RD., SUITE 5D, CAPE CORAL FL 33909
Legacy Tech Partners, Llc	10 percent owner	1 N SHERRI LANE, SPRING VALLEY NY 10977
Peter W Harper	director	C/O SUNTRON CORP, 2501 WEST GRANDVIEW ROAD, PHOENIX AZ 85023
Anthony C. Humpage	director, 10 percent owner	1612 EAST CAPE CORAL PKWY, LEGACY EDUCATION ALLIANCE, INC., CAPE CORAL FL 33904
Vanessa Guzman-clark	officer: Chief Financial Officer	1831 SOUTHWEST 6TH AVENUE, CAPE CORAL FL 33991
Martin Foster	officer: Co-President	50 VALE ROAD, WINDSOR X0 SL4 5LA
Cary Sucoff	director	1612 EAST CAPE CORAL PKWY, C/O LEGACY EDUCATION ALLIANCE, INC., CAPE CORAL FL 33904
Fredrick Dummar	officer: Senior Vice President & NEO	1612 EAST CAPE CORAL PKWY, 1, CAPE CORAL FL 33904
Christian Baeza	officer: Chief Financial Officer	1612 E. CAPE CORAL PARKWAY, CAPE CORAL FL 33904
James K Bass	director, officer: Chairman of the Board	1612 EAST CAPE CORAL PKWY, C/O LEGACY EDUCATION ALLIANCE, INC., CAPE CORAL FL 33904
James E. May	officer: Executive Vice President	1612 E. CAPE CORAL PARKWAY, CAPE CORAL FL 33904
Iain Edwards	officer: Chief Operating Officer	1612 E. CAPE CORAL PARKWAY, CAPE CORAL FL 33904