Lindab International AB (LTS:0MWK) Inventory Turnover : 0.92 (As of Mar. 2024)

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What is Lindab International AB 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. Lindab International AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr2,276 Mil. Lindab International AB's Average Total Inventories for the quarter that ended in Mar. 2024 was kr2,473 Mil. Lindab International AB's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.92.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lindab International AB's Days Inventory for the three months ended in Mar. 2024 was 99.15.

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. Lindab International AB's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.79.

Lindab International AB Inventory Turnover Historical Data

The historical data trend for Lindab International AB'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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Lindab International AB Inventory Turnover Chart

Lindab International AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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5.07

4.03

3.81

3.68

3.73

Lindab International AB Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.89	0.94	0.89	0.96	0.92

Lindab International AB Inventory Turnover Calculation

Lindab International AB's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	9556	/ (	(2752	+	2377)	/	2 )
=	9556	/	2564.5
=	3.73

Lindab International AB's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2276	/ (	(2377	+	2569)	/	2 )
=	2276	/	2473
=	0.92

Lindab International AB (LTS:0MWK) 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.

Lindab International AB's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	2473	/	2276	*	365 / 4
	=	99.15

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.

Lindab International AB's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	2473	/	3147
	=	0.79

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.

Lindab International AB Inventory Turnover Related Terms

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Lindab International AB (LTS:0MWK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Lindab International AB (LTS:0MWK) » Definitions » Inventory Turnover

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LIAB:Sweden LIABs:UK L5E:Germany

Address

Stalhogavagen 115, Bastad, SWE, SE-269 82

Website

https://www.lindabgroup.com

Lindab International AB provides products and system solutions that are used to simplify the construction of properties and improve the indoor climate. The company operates through two segments namely Ventilation Systems and Profile Systems. Ventilation Systems offers air duct systems with accessories and indoor climate solutions for ventilation, cooling, and heating to installers and other customers in the ventilation industry. Profile Systems offers the construction industry products and systems in sheet metal for rainwater systems, roof, and wall products as well as steel profiles for wall, roof, and beam constructions. The majority of revenue is from the Ventilation segment. Geographically, the majority is from Sweden.

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