Lorenzo International (SGX:5IE) Inventory Turnover : 0.38 (As of Dec. 2023)

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What is Lorenzo International 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. Lorenzo International's Cost of Goods Sold for the three months ended in Dec. 2023 was S$2.77 Mil. Lorenzo International's Average Total Inventories for the quarter that ended in Dec. 2023 was S$7.36 Mil. Lorenzo International's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lorenzo International's Days Inventory for the three months ended in Dec. 2023 was 242.60.

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. Lorenzo International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.43.

Lorenzo International Inventory Turnover Historical Data

The historical data trend for Lorenzo International'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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Lorenzo International Inventory Turnover Chart

Lorenzo International Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Mar17

Mar18

Mar19

Mar20

Inventory Turnover

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1.69

1.83

1.95

1.73

Lorenzo International Quarterly Data
	Dec15	Jun16	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.38	0.35	0.26	0.26	0.38

Lorenzo International Inventory Turnover Calculation

Lorenzo International's Inventory Turnover for the fiscal year that ended in Mar. 2020 is calculated as

	Inventory Turnover (A: Mar. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2020 )	/ (	(Total Inventories (A: Mar. 2019 )	+	Total Inventories (A: Mar. 2020 ))	/	count )
=	13.981	/ (	(8.507	+	7.631)	/	2 )
=	13.981	/	8.069
=	1.73

Lorenzo International's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	2.768	/ (	(7.551	+	7.167)	/	2 )
=	2.768	/	7.359
=	0.38

Lorenzo International (SGX:5IE) 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.

Lorenzo International'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
	=	7.359	/	2.768	*	365 / 4
	=	242.60

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.

Lorenzo International'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 )
	=	7.359	/	5.133
	=	1.43

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.

Lorenzo International Inventory Turnover Related Terms

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Lorenzo International (SGX:5IE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Lorenzo International Ltd (SGX:5IE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

106 International Road, No. 02-00, Singapore, SGP, 629175

Website

https://www.lorenzo-international.com

Lorenzo International Ltd is a branded lifestyle furniture retailer. The company sells its products under the Lorenzo brand name grouped under two main collections - Dante for classic leather sofas and Enzo for wood-based products. The group is organized into the following reportable operating segments: Furniture, and Building Materials. The company distributes its products across Singapore, Malaysia, Taiwan, China, and other regions. The company generates maximum revenue from Malaysia followed by Taiwan and Singapore.

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