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. Loar Holdings's Cost of Goods Sold for the
three
months ended in Mar. 2024 was $47.41 Mil. Loar Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was $80.27 Mil.
Loar Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.59.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Loar Holdings's Days Inventory for the
three
months ended in Mar. 2024 was 154.48.
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.
Loar Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.87.
Loar Holdings Inventory Turnover Historical Data
The historical data trend for Loar 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.
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Loar Holdings Inventory Turnover Chart
Loar Holdings Annual Data
Trend
Dec22
Dec23
Inventory Turnover
2.10
2.35
Loar Holdings Quarterly Data
Dec22
Mar23
Dec23
Mar24
Inventory Turnover
-
0.63
-
0.59
Loar Holdings Inventory Turnover Calculation
Loar Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
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.
Loar Holdings's Days Inventory for the
three
months ended in Mar. 2024 is calculated as:
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.
Loar Holdings's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as
* 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.
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.
Loar Holdings Inventory Turnover Related Terms
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Loar Holdings (Loar Holdings) Business Description
Loar Holdings Inc in the design, manufacture, and sale of niche aerospace and defense components that are essential for today's aircraft and aerospace and defense systems. Its manufactured products includes auto throttles, lap-belt airbags, two- and three-point seat belts, water purification systems, fire barriers, polyimide washers and bushings, latches, hold-open and tie rods, temperature and fluid sensors and switches, carbon and metallic brake discs, fluid and pneumatic-based ice protection, RAM air components, sealing solutions and motion and actuation devices, among others. It operate across ten manufacturing facilities located in the United States, one manufacturing facility in Germany and one manufacturing facility in the United Kingdom (UK).
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