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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. LQR House's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.51 Mil. LQR House's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.00 Mil.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LQR House's Days Inventory for the three months ended in Dec. 2023 was 0.00.
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. LQR House's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.
The historical data trend for LQR House'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.
LQR House Annual Data | |||||||
Trend | Dec21 | Dec22 | Dec23 | ||||
Inventory Turnover | - | - | - |
LQR House Quarterly Data | ||||||||||
Jun21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Inventory Turnover | Get a 7-Day Free Trial | - | - | - | - | - |
LQR House'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 ) |
= | 0.916 | / ( | (0 | + | 0) | / | 1 ) |
= | 0.916 | / | 0 | ||||
= | N/A |
LQR House'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 ) |
= | 0.514 | / ( | (0 | + | 0) | / | 1 ) |
= | 0.514 | / | 0 | ||||
= | N/A |
* 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.
LQR House (NAS:LQR) 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.
LQR House'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 |
= | 0 | / | 0.514 | * | 365 / 4 | |
= | 0.00 |
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.
LQR House'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 ) |
= | 0 | / | 0.609 | |
= | 0.00 |
* 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.
Thank you for viewing the detailed overview of LQR House's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Sean Dollinger | director, 10 percent owner, officer: Chief Executive Officer | 6800 INDIAN CREEK DRIVE, SUITE 1E, MIAMI BEACH FL 33141 |
Gary L Herman | director | 720 FIFTH AVE, 10TH FLOOR, NEW YORK NY 10019 |
James C. Huber | director | 127 FLORENCE DRIVE, JUPITER FL 33458 |
Kbros, Llc | 10 percent owner | 23658 SAN VICENTE ROAD, RAMONA CA 92065 |
Guy Dollinger | director | 283 RUE PICASSO, DOLLARD-DES-ORMEAUX A8 H9A 3K2 |
Jaclyn Hoffman | officer: Chief Marketing Officer | 166 2ND AVENUE, APT 2A, NEW YORK NY 10003 |
Kumar Abhishek | officer: Chief Financial Officer | 25/3A, RAIL VIHAR, SECTOR 56, GURGAON K7 122002 |
Darren Collins | director | 22 RIVERVIEW ROAD, ALLISTON A6 L9M 1R2 |
Alexandra Hoffman | director | 6800 INDIAN CREEK DRIVE, APT 101, MIAMI BEACH FL 33141 |
James P. O'brien | director | 3000-360 MAIN STREET, WINNIPEG A2 R3C 4G1 |
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