Louisiana-Pacific (Louisiana-Pacific) Total Inventories : $378 Mil (As of Dec. 2023)

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What is Louisiana-Pacific Total Inventories?

Louisiana-Pacific's total inventories for the quarter that ended in Dec. 2023 was $378 Mil. Louisiana-Pacific's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $378 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Louisiana-Pacific's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-5.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Louisiana-Pacific's Days Inventory for the three months ended in Dec. 2023 was 69.12.

Inventory Turnover measures how fast the company turns over its inventory within a year. Louisiana-Pacific's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.32.

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. Louisiana-Pacific's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.57.

Louisiana-Pacific Total Inventories Historical Data

The historical data trend for Louisiana-Pacific's Total Inventories 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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Louisiana-Pacific Total Inventories Chart

Louisiana-Pacific Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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265.00

259.00

277.00

336.00

378.00

Louisiana-Pacific Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories	Get a 7-Day Free Trial															336.00	415.00	408.00	378.00	378.00

Louisiana-Pacific Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Louisiana-Pacific (NYSE:LPX) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Louisiana-Pacific's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(222	+	0.75 * 104	+	0.5 * 378	-	880
-	0	-	0)	/	72.156
=	-5.42

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

Louisiana-Pacific'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
	=	378	/	499	*	365 / 4
	=	69.12

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Louisiana-Pacific's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	499	/	378
	=	1.32

4. 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.

Louisiana-Pacific'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 )
	=	378	/	658
	=	0.57

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Louisiana-Pacific Total Inventories Related Terms

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Louisiana-Pacific (Louisiana-Pacific) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Louisiana-Pacific Corp (NYSE:LPX) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

LP3:Germany LP3:Germany

Address

1610 West End Ave, Suite 200, Nashville, TN, USA, 37203

Website

https://www.lpcorp.com

Louisiana-Pacific is primarily an oriented strand board producer, while offering engineered wood siding used in home construction and repair and remodel projects. The company is largely exposed to the North American housing market but has also established capacity in Brazil and Chile.

Executives

Michael W Blosser	officer: SVP, Manufacturing Services	414 UNION STREET, SUITE 2000, NASHVILLE TN 37219
Lizanne C Gottung	director	1610 WEST END AVENUE, SUITE 200, NASHVILLE TN 37203
Derek Nelson Doyle	officer: Principal Accounting Officer	1610 WEST END AVENUE, NASHVILLE TN 37203
Alan Haughie	officer: EVP, CFO	860 RIDGE LAKE BLVD., MEMPHIS TN 38120
Jimmy Earl Mason	officer: EVP & General Manager of OSB	414 UNION STREET, SUITE 2000, NASHVILLE TN 37219-1711
Jose A Bayardo	director	11700 OLD KATY ROAD SUITE 300, HOUSTON TX 77079
Robin H Everhart	officer: SVP, CHRO	414 UNION STREET, SUITE 2000, NASHVILLE TN 37219
Nicole C Daniel	officer: SVP, General Counsel	414 UNION STREET, NASHVILLE TN 37219
William Bradley Southern	officer: Senior Vice President	1610 WEST END AVENUE, NASHVILLE TN 37203
Stephen E. Macadam	director	C/O ENPRO INDUSTRIES, INC., 5605 CARNEGIE BLVD., STE. 500, CHARLOTTE NC 28209
Michael Sims	officer: SVP Sales and Marketing	414 UNION STREET, NASHVILLE TN 37219
Neil Sherman	officer: SVP EWP	414 UNION STREET, NASHVILLE TN 37129
Jason Paul Ringbloom	officer: EVP OSB	414 UNION STREET, NASHVILLE TN 37219
Kurt M Landgraf	director	ONE RIVERFRONT PLAZA, CORNING NY 14831
Gary Cook	director	C/O TRIMERIS, INC., 3500 PARAMOUNT PARKWAY, MORRISVILLE NC 27560