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Days Inventory is also known as Days Sales of Inventory (DSI). Lincoln Educational Services's Average Total Inventories for the three months ended in Dec. 2023 was $2.9 Mil. Lincoln Educational Services's Cost of Goods Sold for the three months ended in Dec. 2023 was $41.0 Mil. Hence, Lincoln Educational Services's Days Inventory for the three months ended in Dec. 2023 was 6.54.
The historical rank and industry rank for Lincoln Educational Services's Days Inventory or its related term are showing as below:
During the past 13 years, Lincoln Educational Services's highest Days Inventory was 6.72. The lowest was 3.28. And the median was 5.35.
Lincoln Educational Services's Days Inventory declined from Dec. 2022 (6.66) to Dec. 2023 (6.54).
Inventory Turnover measures how fast the company turns over its inventory within a year. Lincoln Educational Services's Inventory Turnover for the three months ended in Dec. 2023 was 13.95.
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. Lincoln Educational Services's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.03.
The historical data trend for Lincoln Educational Services's Days Inventory 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.
For the Education & Training Services subindustry, Lincoln Educational Services's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Education industry and Consumer Defensive sector, Lincoln Educational Services's Days Inventory distribution charts can be found below:
* The bar in red indicates where Lincoln Educational Services's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Lincoln Educational Services's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
Days Inventory (A: Dec. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Dec. 2022 ) | + | Total Inventories (A: Dec. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Dec. 2023 ) | * | Days in Period |
= | ( (2.618 | + | 2.948) | / | 2 ) | / | 162.275 | * | 365 |
= | 2.783 | / | 162.275 | * | 365 | ||||
= | 6.26 |
Lincoln Educational Services's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:
Days Inventory (Q: Dec. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Sep. 2023 ) | + | Total Inventories (Q: Dec. 2023 )) | / | count ) | / | Cost of Goods Sold (Q: Dec. 2023 ) | * | Days in Period |
= | ( (2.935 | + | 2.948) | / | 2 ) | / | 41.024 | * | 365 / 4 |
= | 2.9415 | / | 41.024 | * | 365 / 4 | ||||
= | 6.54 |
* 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.
Lincoln Educational Services (NAS:LINC) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Lincoln Educational Services's Inventory Turnover for the three months ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 41.024 | / | 2.9415 | |
= | 13.95 |
2. 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.
Lincoln Educational Services's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 2.9415 | / | 102.522 | |
= | 0.03 |
* 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
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Thank you for viewing the detailed overview of Lincoln Educational Services's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Burke James J Jr | director | C/O ANNTAYLOR STORES CORP, 7 TIMES SQUARE, 15TH FLOOR, NEW YORK NY 10036 |
J Barry Morrow | director | COLLEGIATE FUNDING SERVICES, 100 RIVERSIDE PARKWAY, FREDERICKSBURG VA 22406 |
Juniper Investment Company, Llc | 10 percent owner | 555 MADISON AVENUE, 24TH FLOOR, NEW YORK NY 10022-3315 |
Ronald Edward Harbour | director | C/O SPARTAN MOTORS INC, 1541 REYNOLDS ROAD, CHARLOTTE MI 48813 |
Brian K Meyers | officer: CFO and Treasurer | C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 200 EXECUTIVE DR., STE. 340, WEST ORANGE NJ 07052 |
Kevin M Carney | director | 12735 GRAN BAY PARKWAY WEST, BUILDING 200, JACKSONVILLE FL 32258 |
Scott M Shaw | officer: Executive Vice President | C/O LINCOLN EDUCATIONAL SERVICES CORP, 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052 |
Chad D Nyce | officer: Chief Innovation Officer | C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 200 EXECUTIVE DR., STE 340, WEST ORANGE NJ 07052 |
Sylvia Jean Young | director | C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 14 SYLVAN WAY, STE. A, PARSIPPANY NJ 07054 |
Juniper Targeted Opportunity Fund, L.p. | 10 percent owner | 555 MADISON AVENUE, 24TH FLOOR, NEW YORK NY 10022 |
Felecia J. Pryor | director | 3850 W. HAMLIN ROAD, AUBURN HILLS MI 48326 |
Michael A Plater | director | C/O LINCOLN EDUCATIONAL SERVICES CORP., 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052 |
Carlton Rose | director | C/O LINCOLN EDUCATIONAL SERVICES CORPORA, 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052 |
Stephen M Buchenot | officer: Group VP of Operations | C/O LINCOLN EDUCATIONAL SERVICES CORP., 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052 |
Celia Currin | director | C/O LINCOLN EDUCATIONAL SERVICES CORP, 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052 |
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