Leatt (LEAT) Inventory Turnover : 0.32 (As of Dec. 2023)

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What is Leatt 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. Leatt's Cost of Goods Sold for the three months ended in Dec. 2023 was $6.23 Mil. Leatt's Average Total Inventories for the quarter that ended in Dec. 2023 was $19.55 Mil. Leatt's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.32.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Leatt's Days Inventory for the three months ended in Dec. 2023 was 286.31.

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. Leatt's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.99.

Leatt Inventory Turnover Historical Data

The historical data trend for Leatt'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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Leatt Inventory Turnover Chart

Leatt Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.27

2.32

2.67

2.06

1.27

Leatt Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.30	0.34	0.36	0.36	0.32

Leatt Inventory Turnover Calculation

Leatt'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 )
=	27.435	/ (	(22.805	+	20.392)	/	2 )
=	27.435	/	21.5985
=	1.27

Leatt'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	6.23	/ (	(18.703	+	20.392)	/	2 )
=	6.23	/	19.5475
=	0.32

Leatt (OTCPK:LEAT) 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.

Leatt's Days Inventory for the three 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
	=	19.5475	/	6.23	*	365 / 4
	=	286.31

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.

Leatt'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 )
	=	19.5475	/	9.803
	=	1.99

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.

Leatt Inventory Turnover Related Terms

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Leatt (LEAT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Leatt Corp (OTCPK:LEAT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

Atlas Gardens, Contermanskloof Road, 12 Kiepersol Drive, Durbanville, WC, ZAF, 7550

Website

https://www.leatt.com

Leatt Corp designs, develops, markets, and distributes personal protective equipment for participants in all forms of motorsports and leisure activities, including riders of motorcycles, bicycles, snowmobiles, and ATVs, as well as racing car drivers. It operates through the Leatt-Brace brand which offers a patented injection molded neck protection system designed to prevent potentially devastating injuries to the cervical spine and neck. Leatt also acts as the original equipment manufacturer for neck braces sold by other international brands. Geographically all the operations function through the region of the US.

Executives

Christopher James Leatt	director, 10 percent owner	C/O LEATT CORP., 50 KIEPERSOL CRESCENT, ATLAS GARDENS, CONTERMANSKLOOF, DURBANVILLE, CAPE TOWN T3 7550
Sean Macdonald	director, officer: CEO, CFO	C/O LEATT CORP., 50 KIEPERSOL CRESCENT, ATLAS GARDENS, CONTERMANSKLOOF, DURBANVILLE, CAPE TOWN T3 7550
Jeffrey J Guzy	director	3130 19TH STREET, NORTH, ARLINGTON VA 22201
Villiers Jean-pierre De	10 percent owner	GOEDEMOED FARM, KEISIE VALLEY, MONTAGU T3 6720
Zafiris M. Zafiropoulos	director	C/P LEATT CORP., 50 KIEPERSOL CRESCENT, ATLAS GARDEN, CONTERMANSKLOOF, DURBANVILLE, CAPE TOWN T3 7550