Lakeland Industries (Lakeland Industries) Inventory Turnover

: 0.33 (As of Oct. 2023)

View and export this data going back to 1986. Start your Free Trial

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. Lakeland Industries's Cost of Goods Sold for the three months ended in Oct. 2023 was $18.3 Mil. Lakeland Industries's Average Total Inventories for the quarter that ended in Oct. 2023 was $55.9 Mil. Lakeland Industries's Inventory Turnover for the quarter that ended in Oct. 2023 was 0.33.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lakeland Industries's Days Inventory for the three months ended in Oct. 2023 was 278.27.

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. Lakeland Industries's Inventory-to-Revenue for the quarter that ended in Oct. 2023 was 1.76.

Lakeland Industries Inventory Turnover Historical Data

The historical data trend for Lakeland Industries'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.

* Premium members only.

Lakeland Industries Annual Data

Trend

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Inventory Turnover

1.53

1.61

1.82

1.48

1.27

Lakeland Industries Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Inventory Turnover																0.28	0.31	0.28	0.33	0.33

Lakeland Industries Inventory Turnover Calculation

Lakeland Industries's Inventory Turnover for the fiscal year that ended in Jan. 2023 is calculated as

	Inventory Turnover (A: Jan. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2023 )	/ (	(Total Inventories (A: Jan. 2022 )	+	Total Inventories (A: Jan. 2023 ))	/	count )
=	66.997	/ (	(47.711	+	58.175)	/	2 )
=	66.997	/	52.943
=	1.27

Lakeland Industries'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: Jul. 2023 )	+	Total Inventories (Q: Oct. 2023 ))	/	count )
=	18.317	/ (	(57.368	+	54.35)	/	2 )
=	18.317	/	55.859
=	0.33

Lakeland Industries (NAS:LAKE) 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.

Lakeland Industries's Days Inventory for the three 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
	=	55.859	/	18.317	*	365 / 4
	=	278.27

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.

Lakeland Industries'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 )
	=	55.859	/	31.678
	=	1.76

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.

Lakeland Industries Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Lakeland Industries's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Lakeland Industries (Lakeland Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Lakeland Industries Inc (NAS:LAKE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

LLI:Germany

Address

1525 Perimeter Parkway, Suite 325, Huntsville, AL, USA, 35806

Website

https://www.lakeland.com

Lakeland Industries Inc manufactures and sells safety garments and accessories for the industrial protective clothing market. Its product segments include Disposables, Chemicals, Fire, Gloves, High Visibility, High-Performance Wear, and Wovens. Its customers include integrated oil, chemical/petrochemical, utilities, automobile, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, and mortuaries, as well as scientific and medical laboratories. The company's geographical segments include the United States, Latin America, Canada, Asia, Mexico, Europe (United Kingdom), and Other Foreign.

Executives

Joshua J Sletten	officer: VP Corp Development & Strategy	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Melissa Kidd	director	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Herring Ronald N Jr	director
Roger D Shannon	officer: Chief Financial Officer	15415 SHELBYVILLE ROAD, LOUISVILLE KY 40245
An Hui	officer: VP of Procurement & Asia Mfg.	1525 PERIMETER PARKWAY, SUITE 325, HUNTSTVILLE AL 35806
Christopher James Ryan	director	3555 VETERANS MEMORIAL HWY, SUITE C, RONKONKOMA NY 11779
Allen E Dillard	officer: COO & CFO	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Charles D Roberson	director, officer: CEO, President and Secretary	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Steven L Harvey	officer: Exec. VP, Sales and Marketing	1525 PERIMETER PARKWAY, SUITE 325, HUNTSVILLE AL 35806
Thomas J Mcateer	director	54 CEDAR POINT DRIVE, WEST ISLIP NY 11795
Jeffrey T Schlarbaum	director	105 NORTON STREET, NEWARK NY 14513
Nikki Hamblin	director	2 RED OAK LANE, PITTSFORD NY 14534
Alfred John Kreft	director	3333 ALLEN PARK WAY, #2004, HOUSTON TX 77019
Daniel L. Edwards	officer: Sr. VP Sales for North America	6794 MEADOW VIEW DRIVE, SUMMERFIELD NC 27358
Stephen M Bachelder	director, officer: Chief Operating Officer	3555 VETERANS MEMORIAL HWY, SUITE C, RONKONKOMA NY 11779