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Landsea Homes's total inventories for the quarter that ended in Mar. 2024 was $1,197 Mil. Landsea Homes's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $1,159 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Landsea Homes's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-4.88.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Landsea Homes's Days Inventory for the three months ended in Mar. 2024 was 422.10.
Inventory Turnover measures how fast the company turns over its inventory within a year. Landsea Homes's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.22.
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. Landsea Homes's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 3.94.
The historical data trend for Landsea Homes's Total Inventories 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.
Landsea Homes Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Total Inventories | - | 687.82 | 844.79 | 1,093.37 | 1,121.73 |
Landsea Homes Quarterly Data | ||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Total Inventories | Get a 7-Day Free Trial | 1,080.88 | 1,125.11 | 1,155.66 | 1,121.73 | 1,196.51 |
Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.
Landsea Homes (NAS:LSEA) Total Inventories Explanation
Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.
1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.
Landsea Homes's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is
Net-Net Working Capital Per Share (Q: Mar. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (121.492 | + | 0.75 * 0 | + | 0.5 * 1196.506 | - | 866.853 |
- | 0 | - | 29.225) | / | 36.1297 | ||
= | -4.88 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Landsea Homes'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 |
= | 1159.116 | / | 250.58 | * | 365 / 4 | |
= | 422.10 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Landsea Homes's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Mar. 2024 ) | / | Average Total Inventories (Q: Mar. 2024 ) |
= | 250.58 | / | 1159.116 | |
= | 0.22 |
4. 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.
Landsea Homes'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 ) |
= | 1159.116 | / | 294.041 | |
= | 3.94 |
* 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
Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.
When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.
Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.
Thank you for viewing the detailed overview of Landsea Homes's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Elias Farhat | director | C/O LF CAPITAL ACQUISITION CORP, 600 MADISON AVE, NEW YORK NY 10022 |
Green Investment Alpha Ltd | 10 percent owner | 595 BURRARD STREET, STE 1000, VANCOUVER A1 V7X1S8 |
Landsea Holdings Corp | 10 percent owner | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
Michael Forsum | officer: President and COO | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
John Ho | director, officer: Chief Executive Officer | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
Christopher T Porter | officer: Chief Financial Officer | CRESCENT REAL ESTATE EQUAITIES LTD, 777 MAIN STREET, FORT WORTH TX 76102 |
Robert S Miller | director | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
Thomas Hartfield | director | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
Mollie Fadule | director | 14273 209TH AVENUE NE, WOODINVILLE WA 98077 |
Dilliana Stewart | officer: Chief Accounting Officer | C/O LANDSEA HOMES, 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
Xuefeng Bao | other: see explanatory note | 1007-102 10 F/K WAH CENTRE, 191 JAVA ROAD, NORTH POINT K3 HONG KONG |
Qin Zhou | director | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
Scott A. Reed | director, officer: Chief Financial Officer | 901 E. CARY STREET, ONE JAMES CENTER, SUITE 1700, RICHMOND VA 23219 |
Susan E. Lattmann | director | C/O BED BATH & BEYOND INC., 650 LIBERTY AVENUE, UNION NJ 07083 |
Trent Schreiner | officer: SVP of Accounting and CAO | 660 NEWPORT CENTER DRIVE, SUITE 300, NEWPORT BEACH CA 92660 |
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