Lightspeed Commerce (TSX:LSPD) Inventory Turnover : 7.51 (As of Dec. 2023)

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What is Lightspeed Commerce 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. Lightspeed Commerce's Cost of Goods Sold for the three months ended in Dec. 2023 was C$185 Mil. Lightspeed Commerce's Average Total Inventories for the quarter that ended in Dec. 2023 was C$25 Mil. Lightspeed Commerce's Inventory Turnover for the quarter that ended in Dec. 2023 was 7.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lightspeed Commerce's Days Inventory for the three months ended in Dec. 2023 was 12.15.

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. Lightspeed Commerce's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.08.

Lightspeed Commerce Inventory Turnover Historical Data

The historical data trend for Lightspeed Commerce'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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Lightspeed Commerce Inventory Turnover Chart

Lightspeed Commerce Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Inventory Turnover

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94.37

72.61

72.13

60.91

40.22

Lightspeed Commerce 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															10.28	8.49	8.70	8.27	7.51

Lightspeed Commerce Inventory Turnover Calculation

Lightspeed Commerce's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Inventory Turnover (A: Mar. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2023 )	/ (	(Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )
=	545.329	/ (	(9.546	+	17.568)	/	2 )
=	545.329	/	13.557
=	40.22

Lightspeed Commerce'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 )
=	185.433	/ (	(24.436	+	24.946)	/	2 )
=	185.433	/	24.691
=	7.51

Lightspeed Commerce (TSX:LSPD) 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.

Lightspeed Commerce'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
	=	24.691	/	185.433	*	365 / 4
	=	12.15

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.

Lightspeed Commerce'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 )
	=	24.691	/	321.575
	=	0.08

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.

Lightspeed Commerce Inventory Turnover Related Terms

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Lightspeed Commerce (TSX:LSPD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lightspeed Commerce Inc (TSX:LSPD) » Definitions » Inventory Turnover

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LSPD:USA 3L50:Germany

Address

700 Saint-Antoine Street East, Suite 300, Montreal, QC, CAN, H2Y 1A6

Website

https://www.lightspeedhq.com

Lightspeed Commerce Inc provides an omni-channel commerce-enabling SaaS platform. Its software platform provides customers with the functionality it needs to engage with consumers, manage their operations, accept payments, and grow their business. The company sells its platform through a direct sales force in the United States, Canada, New Zealand, United Kingdom, Australia and other countries. It derives a majority of its revenue from the United States.