LPP (WAR:LPP) Inventory Turnover : 0.74 (As of Jan. 2024)

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What is LPP 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. LPP's Cost of Goods Sold for the three months ended in Jan. 2024 was zł2,301 Mil. LPP's Average Total Inventories for the quarter that ended in Jan. 2024 was zł3,114 Mil. LPP's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LPP's Days Inventory for the three months ended in Jan. 2024 was 123.47.

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. LPP's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.64.

LPP Inventory Turnover Historical Data

The historical data trend for LPP'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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LPP Inventory Turnover Chart

LPP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Jan20

Jan21

Jan22

Jan23

Inventory Turnover

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2.38

2.44

1.88

1.60

2.16

LPP Quarterly Data
	Mar19	Jun19	Sep19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															0.62	0.55	0.74	0.61	0.74

LPP Inventory Turnover Calculation

LPP's Inventory Turnover for the fiscal year that ended in Jan. 2023 is calculated as

	Inventory Turnover (A: Jan. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2023 )	/ (	(Total Inventories (A: Jan. 2022 )	+	Total Inventories (A: Jan. 2023 ))	/	count )
=	7913.4	/ (	(3981.9	+	3353.4)	/	2 )
=	7913.4	/	3667.65
=	2.16

LPP's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	2301.1	/ (	(3186.8	+	3040.3)	/	2 )
=	2301.1	/	3113.55
=	0.74

LPP (WAR:LPP) 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.

LPP's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	3113.55	/	2301.1	*	365 / 4
	=	123.47

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.

LPP's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	3113.55	/	4840.9
	=	0.64

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.

LPP Inventory Turnover Related Terms

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LPP (WAR:LPP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » LPP SA (WAR:LPP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

LPPSY:USA 0LVL:UK

Address

ul. Lakowa 39/44, Gdansk, POL, 80-769

Website

http://www.lppsa.com

LPP SA makes and sells clothing, footwear, bags, and accessories in Central and Eastern Europe. LPP has nearly 1,500 company-branded retail stores, which serve as the company's primary sales channel. Brands include Reserved, Cropp, House, Mohito, and Sinsay. Reserved stores account for roughly half of the company's sales volume. Geographically, most sales are in Poland, and Poland and Russia account for more than 80% of total sales. LPP purchases most of its materials in Asia, and the company's manufacturers are primarily located in China.

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