Lamar Advertising Co (Lamar Advertising Co) Total Inventories : $0 Mil (As of Dec. 2023)

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What is Lamar Advertising Co Total Inventories?

Lamar Advertising Co's total inventories for the quarter that ended in Dec. 2023 was $0 Mil. Lamar Advertising Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Lamar Advertising Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-49.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lamar Advertising Co's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

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. Lamar Advertising Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

Lamar Advertising Co Total Inventories Historical Data

The historical data trend for Lamar Advertising Co'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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Lamar Advertising Co Total Inventories Chart

Lamar Advertising Co Annual Data

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Total Inventories

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Lamar Advertising Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															-	-	-	-	-

Lamar Advertising Co 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.

Lamar Advertising Co (NAS:LAMR) 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.

Lamar Advertising Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(44.605	+	0.75 * 301.189	+	0.5 * 0	-	5346.834
-	0	-	0.414)	/	102.066
=	-49.74

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Lamar Advertising Co'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
	=	0	/	181.396	*	365 / 4
	=	0.00

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

Lamar Advertising Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	181.396	/	0
	=	N/A

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.

Lamar Advertising Co'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 )
	=	0	/	555.909
	=	0.00

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.

Lamar Advertising Co Total Inventories Related Terms

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Lamar Advertising Co (Lamar Advertising Co) Business Description

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Traded in Other Exchanges

6LA:Germany

Address

5321 Corporate Boulevard, Baton Rouge, LA, USA, 70808

Website

https://www.lamar.com

Lamar Advertising Co is an outdoor advertising company organized as a real estate investment trust for U.S. federal income tax purposes. Lamar's core revenue-generating activity is leasing space for advertising on billboards, buses, shelters, benches, logo plates, and airport terminals through short-term agreements. The company is involved in this process from ad copy production to the placement and maintenance of physical advertisements. The vast majority of Lamar's revenue comes from renting ad space on its portfolio of static and digital roadside billboard displays in the U.S. The states of Pennsylvania and Texas house a proportion of these. The company's customers are restaurant, service, healthcare, and retail firms in terms of total revenue.

Executives

Jay Lecoryelle Johnson	officer: CFO, Treasurer, EVP	C/O DIAMONDROCK HOSPITALITY COMPANY, 2 BETHESDA METRO CENTER, SUITE 1400, BETHESDA MD 20814
Nancy Fletcher	director	5321 CORPORATE BOULEVARD, BATON ROUGE LA 70808
Thomas V Reifenheiser	director	C/O LAMAR CORP, 5551 CORPORATE BLVD, BATON ROUGE LA 70808
Wendell Reilly	director	C/O BERMAN CAPITAL ADVISORS, 3475 LENOX RD. STE. 760, ATLANTA GA 30326
Koerner John E Iii	director	200 WEST CONGRESS STREET, LAFAYETTE LA 70501
Anna Reilly	director	C/O LAMAR ADVERTISING COMPANY, 5321 CORPORATE BLVD, BATON ROUGE LA 70808
Stephen P Mumblow	director	790 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Elizabeth Mary Thompson	director	5321 CORPORATE BOULEVARD, BATON ROUGE LA 70808
Keith A Istre	officer: Chief Financial Officer	C/O LAMAR CORP, 5321 CORPORATE BLVD, BATON ROUGE LA 70808
Sean E Reilly	officer: Chief Operating Officer	5321 CORPORATE BLVD, BATON ROUGE LA 70808
Marshall A Loeb	director	C/O EASTGROUP PROPERTIES, INC., 190 EAST CAPITOL STREET, JACKSON MS 39201
John Maxwell Hamilton	director	C/O LAMAR CORP, 5551 CORPORATE BLVD, BATON ROUGE LA 70808
Reilly Kevin P Jr	director, officer: President and CEO	C/O LAMAR CORP, 5321 CORPORATE BLVD, BATON ROUGE LA 70808
Spo Advisory Corp	10 percent owner	PO BOX 2722, C/O SPO PARTNERS & CO, SAN ANSELMO CA 94979
Abrams Capital Management, L.p.	10 percent owner	222 BERKELEY STREET, 21ST FLOOR, BOSTON MA 02116