LPP (WAR:LPP) Total Inventories : zł3,040 Mil (As of Jan. 2024)

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What is LPP Total Inventories?

LPP's total inventories for the quarter that ended in Jan. 2024 was zł3,040 Mil. LPP's average total inventories from the quarter that ended in Oct. 2023 to the quarter that ended in Jan. 2024 was zł3,114 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. LPP's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was zł-2,869.61.

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 Turnover measures how fast the company turns over its inventory within a year. LPP's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.74.

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 Total Inventories Historical Data

The historical data trend for LPP'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.

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LPP Total Inventories Chart

LPP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Jan20

Jan21

Jan22

Jan23

Total Inventories

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1,590.37

1,921.14

2,074.45

3,981.90

3,353.40

LPP Quarterly Data
	Mar19	Jun19	Sep19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Total Inventories	Get a 7-Day Free Trial															3,353.40	3,327.60	3,126.40	3,186.80	3,040.30

LPP Total Inventories Calculation

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.

LPP (WAR:LPP) 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.

LPP's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is

	Net-Net Working Capital Per Share (Q: Jan. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1637.3	+	0.75 * 809.7	+	0.5 * 3040.3	-	9085.1
-	0	-	3.3)	/	1.85519
=	-2,869.61

2. 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

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold (Q: Jan. 2024 )	/	Average Total Inventories (Q: Jan. 2024 )
	=	2301.1	/	3113.55
	=	0.74

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.

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

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.

LPP Total Inventories Related Terms

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LPP (WAR:LPP) Business Description

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

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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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