LaSalle Hotel Properties (LaSalle Hotel Properties) Inventory Turnover : 11.22 (As of Sep. 2018)

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What is LaSalle Hotel Properties Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. LaSalle Hotel Properties's Cost of Goods Sold for the three months ended in Sep. 2018 was $188 Mil. LaSalle Hotel Properties's Average Total Inventories for the quarter that ended in Sep. 2018 was $17 Mil. LaSalle Hotel Properties's Inventory Turnover for the quarter that ended in Sep. 2018 was 11.22.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LaSalle Hotel Properties's Days Inventory for the three months ended in Sep. 2018 was 8.13.

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. LaSalle Hotel Properties's Inventory-to-Revenue for the quarter that ended in Sep. 2018 was 0.06.

LaSalle Hotel Properties Inventory Turnover Historical Data

The historical data trend for LaSalle Hotel Properties's Inventory Turnover 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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LaSalle Hotel Properties Inventory Turnover Chart

LaSalle Hotel Properties Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Inventory Turnover

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40.24

28.49

17.62

21.07

20.46

LaSalle Hotel Properties Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Inventory Turnover	Get a 7-Day Free Trial															5.60	3.80	4.88	11.28	11.22

LaSalle Hotel Properties Inventory Turnover Calculation

LaSalle Hotel Properties's Inventory Turnover for the fiscal year that ended in Dec. 2017 is calculated as

	Inventory Turnover (A: Dec. 2017 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2017 )	/ (	(Total Inventories (A: Dec. 2016 )	+	Total Inventories (A: Dec. 2017 ))	/	count )
=	721.448	/ (	(21.078	+	49.459)	/	2 )
=	721.448	/	35.2685
=	20.46

LaSalle Hotel Properties's Inventory Turnover for the quarter that ended in Sep. 2018 is calculated as

	Inventory Turnover (Q: Sep. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2018 )	/ (	(Total Inventories (Q: Jun. 2018 )	+	Total Inventories (Q: Sep. 2018 ))	/	count )
=	187.78	/ (	(14.781	+	18.681)	/	2 )
=	187.78	/	16.731
=	11.22

LaSalle Hotel Properties (NYSE:LHO) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

LaSalle Hotel Properties's Days Inventory for the three months ended in Sep. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2018 )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
	=	16.731	/	187.78	*	365 / 4
	=	8.13

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.

LaSalle Hotel Properties's Inventory to Revenue for the quarter that ended in Sep. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2018 )	/	Revenue (Q: Sep. 2018 )
	=	16.731	/	292.41
	=	0.06

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

LaSalle Hotel Properties Inventory Turnover Related Terms

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LaSalle Hotel Properties (LaSalle Hotel Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » LaSalle Hotel Properties (NYSE:LHO) » Definitions » Inventory Turnover

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Address

Website

http://www.lasallehotels.com

LaSalle Hotel Properties is a real estate investment trust that primarily buys, owns, redevelops, and leases upscale and luxury full-service hotels. These hotels are located in convention, resort, and major urban business markets in certain states across the United States. The primary urban markets include Boston, Chicago, Los Angeles, New York, San Diego, San Francisco, Seattle, and Washington, DC. The company's assets are held by and managed through LaSalle Hotel Operating Partnership, L.P. The firm is the sole general partner of the operating partnership. The company derives its income from its hotel operating revenue, its only segment.

Executives

Jeffrey T. Foland	director	P.O. BOX 66100 - HDQLD, CHICAGO IL 60666
Donald A Washburn	director	222 SW HARRISON STREET, APT 23C, PORTLAND OR 97201
Leonard Darryl Hartley	director	PGI, 44 CANAL CENTER PLAZA SECOND FL, ALEXANDRIA VA 22314
Stuart L Scott	director	JONES LANG LASALLE INCORPORATED, 200 E RANDOLPH DR, CHICAGO IL 60601
Michael D Barnello	director, officer: President and CEO	LASALLE HOTEL PROPERTIES, 4800 MONTGOMERY LANE STE M25, BETHESDA MD 20814
Alfred L. Young	officer: EVP and COO	3 BETHESDA METRO CENTER, SUITE 1200, BETHESDA MD 20814
Denise M Coll	director	3 BETHESDA METRO CENTER, SUITE 1200, BETHESDA MD 20814
Kenneth G Fuller	officer: EVP, CFO, Secretary, Treasurer	7550 WISCONSIN AVE, 10TH FLOOR, BETHESDA MD 20814
Jeffrey L Martin	director	7550 WISCONSIN AVE, 10TH FLOOR, BETHESDA MD 20814
William S Mccalmont	director	3300 DREXEL, DALLAS TX 75205
Bruce A Riggins	officer: EVP	7550 WISCONSIN AVE, 10TH FLOOR, BETHESDA MD 20814
Donald S Perkins	director	1319 MARQUETTE DR, ROMEOVILLE IL 60441
Kelly L Kuhn	director	84 INVERNESS CIRCLE EAST, ENGLEWOOD CO 80112
Hans S Weger	officer: Chief Financial Officer	ONE FEDERAL STREET, 23RD FLOOR, BOSTON MA 02110
Julio E Morales	officer: Chief Accounting Officer	3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814