Lindblad Expeditions Holdings (Lindblad Expeditions Holdings) Inventory Turnover : 10.24 (As of Dec. 2023)

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What is Lindblad Expeditions Holdings 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. Lindblad Expeditions Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $77.1 Mil. Lindblad Expeditions Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $7.5 Mil. Lindblad Expeditions Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.24.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lindblad Expeditions Holdings's Days Inventory for the three months ended in Dec. 2023 was 8.91.

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. Lindblad Expeditions Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.06.

Lindblad Expeditions Holdings Inventory Turnover Historical Data

The historical data trend for Lindblad Expeditions Holdings'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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Lindblad Expeditions Holdings Inventory Turnover Chart

Lindblad Expeditions Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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22.07

9.14

13.68

25.20

37.13

Lindblad Expeditions Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															6.35	6.26	7.71	10.25	10.24

Lindblad Expeditions Holdings Inventory Turnover Calculation

Lindblad Expeditions Holdings'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 )
=	322.376	/ (	(11.926	+	5.438)	/	2 )
=	322.376	/	8.682
=	37.13

Lindblad Expeditions Holdings'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 )
=	77.083	/ (	(9.615	+	5.438)	/	2 )
=	77.083	/	7.5265
=	10.24

Lindblad Expeditions Holdings (NAS:LIND) 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.

Lindblad Expeditions Holdings'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
	=	7.5265	/	77.083	*	365 / 4
	=	8.91

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.

Lindblad Expeditions Holdings'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 )
	=	7.5265	/	125.36
	=	0.06

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.

Lindblad Expeditions Holdings Inventory Turnover Related Terms

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Lindblad Expeditions Holdings (Lindblad Expeditions Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Lindblad Expeditions Holdings Inc (NAS:LIND) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

LI4:Germany

Address

96 Morton Street, 9th Floor, New York, NY, USA, 10014

Website

https://www.expeditions.com

Lindblad Expeditions Holdings Inc provides expedition cruising and adventure travel services. The company operates in two segments: Lindblad and Land Experiences, of which Lindblad generates the vast majority of its revenue. It offers itineraries that feature up-close encounters with wildlife, nature, history, and culture, as well as promote guest empowerment and interactivity. The company operates expeditions on intimately-scaled ships and interaction between guests, crew, and the teams of scientists, naturalists, researchers, and photographers that participate in the expeditions. Lindblad operates a fleet of nine owned expedition ships and five seasonal charter vessels under the Lindblad brand.

Executives

Alex P Schultz	director	C/O LINDBLAD EXPEDITIONS HOLDING, INC., 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Smith, Jr. Thomas S.	director	2 PENN PLAZA, NEW YORK NY 10121
Fahey John M Jr	director	C/O NATINAL GEOGRAPHIC, 1146 17TH STREET NW, WASHINTON DC 20036
Catherine B Reynolds	director	PO BOX 9870, MCLEAN VA 22102
L. Dyson Dryden	director	305 WEST PENNSYLVANIA AVENUE, TOWSON MD 21204
Michael Elliott Bisnow	director	C/O LINDBLAD EXPEDITIONS HOLDING, INC., 96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Sven-olof Lindblad	director, 10 percent owner	96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Bernard W Aronson	director
Mark Ein	director
Noah Brodsky	officer: Chief Commercial Officer	C/O WYNDHAM WORLDWIDE CORPORATION, 22 SYLVAN WAY, PARSIPPANY NJ 07054
Dolf A Berle	director, officer: CEO	2481 MANANA DRIVE, DALLAS TX 75220
Benjamin Bressler	officer: President of Natural Habitat	833 WEST SOUTH BOULDER ROAD, BLDG G, LOUISVILLE CO 80027-2452
Trey Byus	officer: Chief Expedition Officer	96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
Craig Felenstein	officer: Chief Financial Officer	96 MORTON STREET, 9TH FLOOR, NEW YORK NY 10014
David Goodman	officer: Chief Commercial and Marketing	1334 YORK AVENUE, NEW YORK X1 10021