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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. Lendway's Cost of Goods Sold for the three months ended in Mar. 2024 was $6.14 Mil. Lendway's Average Total Inventories for the quarter that ended in Mar. 2024 was $9.72 Mil. Lendway's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.63.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lendway's Days Inventory for the three months ended in Mar. 2024 was 144.45.
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. Lendway's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.21.
The historical data trend for Lendway'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.
Lendway Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | 50.94 | 71.87 | 312.94 | -137.54 | - |
Lendway 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 | - | 176.46 | - | - | 0.63 |
Lendway'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 ) |
= | 0 | / ( | (0.029 | + | 0) | / | 1 ) |
= | 0 | / | 0.029 | ||||
= | 0.00 |
Lendway'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 ) |
= | 6.139 | / ( | (0 | + | 9.718) | / | 1 ) |
= | 6.139 | / | 9.718 | ||||
= | 0.63 |
* 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.
Lendway (NAS:LDWY) 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.
Lendway'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 |
= | 9.718 | / | 6.139 | * | 365 / 4 | |
= | 144.45 |
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.
Lendway'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 ) |
= | 9.718 | / | 8.033 | |
= | 1.21 |
* 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.
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.
Thank you for viewing the detailed overview of Lendway's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Mary Herfurth | director | 212 THIRD AVENUE NORTH, STE. 356, MINNEAPOLIS MN 55401 |
Matthew Kelly | director | 212 THIRD AVENUE NORTH, SUITE 356, MINNEAPOLIS MN 55401 |
Nicholas John Swenson | director, 10 percent owner | 5000 WEST 36TH STREET, SUITE 130, MINNEAPOLIS MN 55416 |
Randy D. Uglem | officer: Sr Vice President of Lending | 212 THIRD AVE N, STE 356, MINNEAPOLIS MN 55401 |
Daniel C. Philp | director | 212 THIRD AVE N, STE 356, MINNEAPOLIS MN 55401 |
Mark Jundt | director | 212 THIRD AVE N, STE 356, MINNEAPOLIS MN 55401 |
Zackery Weber | officer: Sr Dir Fin Plng-Interim PAO | 8799 BROOKLYN BLVD, MINNEAPOLIS MN 55445 |
Air T Inc | 10 percent owner | 11020 DAVID TAYLOR DRIVE, SUITE 305, CHARLOTTE NC 28262 |
Funicular Fund, Lp | 10 percent owner | 2261 MARKET STREET, #4307, SAN FRANCISCO CA 94114 |
Chad Bruce Johnson | director | 8799 BROOKLYN BLVD, MINNEAPOLIS MN 55445 |
Cable Car Capital Llc | 10 percent owner | 2261 MARKET STREET #4307, SAN FRANCISCO CA 94114 |
Adam D May | officer: CHIEF GROWTH OFFICER | 8799 BROOKLYN BLVD, MINNEAPOLIS MN 55445 |
Loren A Unterseher | director | 8799 BROOKLYN BLVD, MINNEAPOLIS MN 55445 |
Kristine A Glancy | officer: Chief Executive Officer | 8799 BROOKLYN BLVD., MINNEAPOLIS MN 55445 |
Suzanne L Clarridge | director | 8799 BROOKLYN BLVD, MINNEAPOLIS MN 55445 |
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