Lafarge Africa (NSA:WAPCO) Inventory Turnover : 1.14 (As of Mar. 2024)

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What is Lafarge Africa 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. Lafarge Africa's Cost of Goods Sold for the three months ended in Mar. 2024 was ₦72,128 Mil. Lafarge Africa's Average Total Inventories for the quarter that ended in Mar. 2024 was ₦63,135 Mil. Lafarge Africa's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.14.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lafarge Africa's Days Inventory for the three months ended in Mar. 2024 was 79.87.

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. Lafarge Africa's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.46.

Lafarge Africa Inventory Turnover Historical Data

The historical data trend for Lafarge Africa'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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Lafarge Africa Inventory Turnover Chart

Lafarge Africa Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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3.95

3.83

3.96

3.61

3.70

Lafarge Africa Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.83	0.87	0.86	1.07	1.14

Lafarge Africa Inventory Turnover Calculation

Lafarge Africa'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 )
=	198786.889	/ (	(53043.073	+	54340.615)	/	2 )
=	198786.889	/	53691.844
=	3.70

Lafarge Africa'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 )
=	72128.249	/ (	(54340.615	+	71929.27)	/	2 )
=	72128.249	/	63134.9425
=	1.14

Lafarge Africa (NSA:WAPCO) 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.

Lafarge Africa'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
	=	63134.9425	/	72128.249	*	365 / 4
	=	79.87

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.

Lafarge Africa'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 )
	=	63134.9425	/	137772.474
	=	0.46

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.

Lafarge Africa Inventory Turnover Related Terms

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Lafarge Africa (NSA:WAPCO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Lafarge Africa PLC (NSA:WAPCO) » Definitions » Inventory Turnover

Traded in Other Exchanges

N/A

Address

No. 27B, Gerrard Road, Ikoyi, Lagos, NGA

Website

https://www.lafarge.com.ng

Lafarge Africa PLC through its subsidiaries is engaged in the manufacturing and marketing of cement, concrete, and aggregates products, including the provision of building solutions. Its products include Ashakacem, UniCem, Elephant cement, Lafarge Powermax, RoadCem, and Supaset cement among others. It has operations in South Africa and Nigeria generating a vast majority of its revenues within Nigeria from the sales of Cement. It has two segments Cement & Readymixed products. The majority is from the cement segment.

Lafarge Africa (NSA:WAPCO) Headlines

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