Loungers (LSE:LGRS) Inventory Turnover : 36.68 (As of Oct. 2023)

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What is Loungers 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. Loungers's Cost of Goods Sold for the six months ended in Oct. 2023 was £90.3 Mil. Loungers's Average Total Inventories for the quarter that ended in Oct. 2023 was £2.5 Mil. Loungers's Inventory Turnover for the quarter that ended in Oct. 2023 was 36.68.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Loungers's Days Inventory for the six months ended in Oct. 2023 was 4.98.

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. Loungers's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 0.02.

Loungers Inventory Turnover Historical Data

The historical data trend for Loungers'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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Loungers Inventory Turnover Chart

Loungers Annual Data

Trend

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Inventory Turnover

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70.58

69.77

85.12

58.12

99.79

Loungers Semi-Annual Data
	Apr16	Apr17	Apr18	Oct18	Apr19	Oct19	Apr20	Oct20	Apr21	Oct21	Apr22	Oct22	Apr23	Oct23
Inventory Turnover	Get a 7-Day Free Trial									48.31	44.89	37.68	42.58	36.68

Loungers Inventory Turnover Calculation

Loungers's Inventory Turnover for the fiscal year that ended in Apr. 2022 is calculated as

	Inventory Turnover (A: Apr. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Apr. 2022 )	/ (	(Total Inventories (A: Apr. 2021 )	+	Total Inventories (A: Apr. 2022 ))	/	count )
=	134.369	/ (	(0.774	+	1.919)	/	2 )
=	134.369	/	1.3465
=	99.79

Loungers's Inventory Turnover for the quarter that ended in Oct. 2023 is calculated as

	Inventory Turnover (Q: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Oct. 2023 )	/ (	(Total Inventories (Q: Apr. 2023 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )
=	90.314	/ (	(2.475	+	2.45)	/	2 )
=	90.314	/	2.4625
=	36.68

Loungers (LSE:LGRS) 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.

Loungers's Days Inventory for the six months ended in Oct. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Oct. 2023 )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
	=	2.4625	/	90.314	*	365 / 2
	=	4.98

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.

Loungers's Inventory to Revenue for the quarter that ended in Oct. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Oct. 2023 )	/	Revenue (Q: Oct. 2023 )
	=	2.4625	/	149.619
	=	0.02

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.

Loungers Inventory Turnover Related Terms

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Loungers (LSE:LGRS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Loungers PLC (LSE:LGRS) » Definitions » Inventory Turnover

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LP0:Germany

Address

26 Baldwin Street, Bristol, GBR, BS1 1SE

Website

https://www.loungers.co.uk

Loungers PLC is an operator of cafe bars and restaurants. Geographically, it operates only in the United Kingdom. It generates revenue from the sale of food and drink.

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