Li-Cycle Holdings (Li-Cycle Holdings) Inventory Turnover : 1.86 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Li-Cycle Holdings 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. Li-Cycle Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was $16.80 Mil. Li-Cycle Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was $9.05 Mil. Li-Cycle Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Li-Cycle Holdings's Days Inventory for the three months ended in Mar. 2024 was 49.16.

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. Li-Cycle Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 2.15.

Li-Cycle Holdings Inventory Turnover Historical Data

The historical data trend for Li-Cycle Holdings'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.

Li-Cycle Holdings Inventory Turnover Chart

Li-Cycle Holdings Annual Data

Trend

Oct19

Oct20

Oct21

Oct22

Dec23

Inventory Turnover

3.21

17.97

11.00

9.57

Li-Cycle Holdings Quarterly Data
	Oct19	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial												3.03	1.92	1.31	9.26	1.86

Li-Cycle Holdings Inventory Turnover Calculation

Li-Cycle Holdings'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: Oct. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	81.8	/ (	(7.5	+	9.6)	/	2 )
=	81.8	/	8.55
=	9.57

Li-Cycle Holdings'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 )
=	16.8	/ (	(9.6	+	8.5)	/	2 )
=	16.8	/	9.05
=	1.86

Li-Cycle Holdings (NYSE:LICY) 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.

Li-Cycle Holdings'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
	=	9.05	/	16.8	*	365 / 4
	=	49.16

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.

Li-Cycle Holdings'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 )
	=	9.05	/	4.2
	=	2.15

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.

Li-Cycle Holdings Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Li-Cycle Holdings's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Li-Cycle Holdings (Li-Cycle Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Li-Cycle Holdings Corp (NYSE:LICY) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

207 Queen’s Quay West, Suite 590, Toronto, ON, CAN, M5J 1A7

Website

https://www.li-cycle.com

Li-Cycle Holdings Corp is a lithium-ion battery resource recovery and the leading lithium-ion battery recycler. Its proprietary "Spoke and Hub" recycling process is designed at its Spokes, to process battery manufacturing scrap and end-of-life batteries to produce "black mass" and other intermediate products, and at its Hubs, to process black mass to recover raw materials, including but not limited to lithium carbonate, cobalt sulphate and nickel sulphate.