LL Flooring Holdings (LL Flooring Holdings) Total Inventories

: $265.3 Mil (As of Dec. 2023)

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LL Flooring Holdings's total inventories for the quarter that ended in Dec. 2023 was $265.3 Mil. LL Flooring Holdings's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $274.0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. LL Flooring Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-8.21.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LL Flooring Holdings's Days Inventory for the three months ended in Dec. 2023 was 192.14.

Inventory Turnover measures how fast the company turns over its inventory within a year. LL Flooring Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.47.

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. LL Flooring Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.29.

LL Flooring Holdings Total Inventories Historical Data

The historical data trend for LL Flooring Holdings'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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LL Flooring Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

286.37

244.41

254.39

332.30

265.29

LL Flooring Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																332.30	307.74	286.04	282.62	265.29

LL Flooring Holdings 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.

LL Flooring Holdings (NYSE:LL) 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.

LL Flooring Holdings'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)
=	(8.772	+	0.75 * 0	+	0.5 * 265.29	-	378.264
-	0	-	0)	/	28.849
=	-8.21

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

LL Flooring Holdings'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
	=	273.956	/	130.106	*	365 / 4
	=	192.14

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

LL Flooring Holdings'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 )
	=	130.106	/	273.956
	=	0.47

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.

LL Flooring Holdings'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 )
	=	273.956	/	211.78
	=	1.29

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.

LL Flooring Holdings Total Inventories Related Terms

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LL Flooring Holdings (LL Flooring Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » LL Flooring Holdings Inc (NYSE:LL) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

4901 Bakers Mill Lane, Richmond, VA, USA, 23230

Website

https://www.llflooring.com

LL Flooring Holdings Inc is a specialty retailer of hardwood flooring in North America. The firm primarily operates across the U.S. and Ontario, Canada, through its retail store operations segment. Its products include foreign and domestic hardwood species, engineered hardwood, laminate, resilient-vinyl, bamboo, and cork flooring. The company derives most of its revenue from laminate, vinyl, engineered vinyl plank, and porcelain tile, followed by Solid and Engineered Hardwood. The firm also offers a selection of flooring enhancements and accessories, including moldings, noise-reducing underlay, adhesives, and flooring tools. It primarily targets do-it-yourself (DIY), do-it-for-me (DIFM), and commercial customers. Bellawood is a core brand of the company.

Executives

Robert L Madore	officer: EVP and CFO	C/O RALPH LAUREN CORPORATION, 650 MADISON AVENUE, NEW YORK NY 10022
F Terrence Blanchard	officer: Interim CFO	C/O LAWSON PRODUCTS, INC., 1666 EAST TOUHY AVENUE, DES PLAINES IL 60018
Kristian B Lesher	officer: SVP and CTO	4901 BAKERS MILL LANE, RICHMOND VA 23230
Chasity D Grosh	other: Chief Accounting Officer	4901 BAKERS MILL LANE, RICHMOND VA 23230
Michael E Dauberman	officer: EVP, CGO	4901 BAKERS MILL LANE, RICHMOND VA 23230
Clark Douglas S Jr	officer: SVP Merch & Supply Chain	4901 BAKERS MILL LANE, RICHMOND VA 23230
Douglas T Moore	director	9950 MAYLAND DR, RICHMOND VA 23233
Joseph M Nowicki	director	C/O BEACON ROOFING SUPPLY, INC., 505 HUNTMAR PARK DRIVE SUITE 300, HERNDON VA 20170
Charles E Tyson	director, officer: President & CEO	LL FLOORING HOLDINGS, INC., 4901 BAKERS MILL LANE, RICHMOND VA 23230
Ashish Parmar	director	4901 BAKERS MILL LANE, RICHMOND VA 23230
Nancy M Taylor	director	TREDEGAR CORP, 1100 BOULDERS PARKWAY, RICHMOND VA 23219
Famous P Rhodes	director	4960 CONFERENCE WAY NORTH, SUITE 100, BOCA RATON FL 33431
Jimmie L Wade	director	C/O ADVANCE AUTO PARTS, 5673 AIRPORT RD, ROANOKE VA 24012
Matt T Argano	officer: Chief Human Resources Officer	LL FLOORING HOLDINGS, INC., 4901 BAKERS MILL LANE, RICHMOND VA 23230
Terri F Graham	director	C/O JACK IN THE BOX INC, 9330 BALVOA AVE, SAN DIEGO CA 92123