LSI Industries (LSI Industries) Total Inventories

: $60.2 Mil (As of Dec. 2023)

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LSI Industries's total inventories for the quarter that ended in Dec. 2023 was $60.2 Mil. LSI Industries's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $61.6 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. LSI Industries's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-0.27.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LSI Industries's Days Inventory for the three months ended in Dec. 2023 was 72.58.

Inventory Turnover measures how fast the company turns over its inventory within a year. LSI Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.26.

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. LSI Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.57.

LSI Industries Total Inventories Historical Data

The historical data trend for LSI Industries'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.

* Premium members only.

LSI Industries Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Total Inventories

43.51

38.75

58.94

74.42

63.72

LSI Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																73.21	67.66	63.72	63.09	60.15

LSI Industries 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.

LSI Industries (NAS:LYTS) 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.

LSI Industries'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)
=	(2.66	+	0.75 * 72.16	+	0.5 * 60.154	-	94.614
-	0	-	0)	/	29.0598
=	-0.27

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

LSI Industries'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
	=	61.6215	/	77.469	*	365 / 4
	=	72.58

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

LSI Industries'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 )
	=	77.469	/	61.6215
	=	1.26

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.

LSI Industries'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 )
	=	61.6215	/	109.005
	=	0.57

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.

LSI Industries Total Inventories Related Terms

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LSI Industries (LSI Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LSI Industries Inc (NAS:LYTS) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

LS2:Germany LS2:Germany

Address

10000 Alliance Road, Cincinnati, OH, USA, 45242

Website

https://www.lsicorp.com

LSI Industries Inc provides corporate visual image solutions to the petroleum and convenience store industry. The company's operating segments include Lighting and Display Solutions. It generates maximum revenue from the Lighting segment. Lighting Segment manufactures and markets outdoor and indoor lighting and lighting controls for the commercial, industrial, and multi-site retail markets including the petroleum/convenience store, quick-service, and automotive markets. The Display Solutions Segment manufactures, sells and installs exterior and interior visual image and display elements, including printed graphics, structural graphics, digital signage, menu board systems, display fixtures, refrigerated displays, and custom display elements.

Executives

James E Galeese	officer: Executive VP; CFO	LSI INDUSTRIES INC., 10000 ALLIANCE RD, CINCINNATI OH 45242
James Anthony Clark	officer: CEO and President	10000 ALLIANCE ROAD, CINCINNATI OH 45242
Jeffery S. Bastian	officer: Chief Accounting Officer	C/O LSI INDUSTRIES, 10000 ALLIANCE RD., CINCINNATI OH 45242
Thomas A Caneris	officer: Sr. VP, HR and General Counsel	1901 CAMPUS PLACE, LOUISVILLE KY 40299
Michael A. Prachar	officer: Chief Marketing Officer	10000 ALLIANCE ROAD, CINCINNATI OH 45242
Ronald D Brown	director	2090 FLORENCE AVENUE, CINCINNATI OH 45206
Amy Hanson	director	C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202
Chantel E Lenard	director	1665 SCENIC AVENUE, SUITE 250, COSTA MESA CA 92626
Robert P. Beech	director	9938 ZIG ZAG ROAD, CINCINNATI OH 45242
Marshall Ernest W Jr	director	1000 EATON BLVD, CLEVELAND OH 44122
Steve A. Brunker	officer: CIO	10000 ALLIANCE ROAD, CINCINNATI OH 45242
Sylvia M. Astrop	officer: SVP Global Sourcing	10000 ALLIANCE ROAD, CINCINNATI OH 45242
John K Morgan	director	1310 SEABOARD INDUSTRIAL BLVD, ATLANTA GA 30318
Michael C Beck	officer: Sr Vice President - Operations	10000 ALLIANCE ROAD, CINCINNATI OH 45242
Crawford C. Lipsey	officer: Interim President and COO	10000 ALLIANCE ROAD, CINCINNATI OH 45242