Largo (TSX:LGO) Inventory Turnover : 1.02 (As of Mar. 2025)

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What is Largo 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. Largo's Cost of Goods Sold for the three months ended in Mar. 2025 was C$61.0 Mil. Largo's Average Total Inventories for the quarter that ended in Mar. 2025 was C$60.0 Mil. Largo's Inventory Turnover for the quarter that ended in Mar. 2025 was 1.02.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Largo's Days Inventory for the three months ended in Mar. 2025 was 89.81.

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. Largo's Inventory-to-Revenue for the quarter that ended in Mar. 2025 was 1.48.

Largo Inventory Turnover Historical Data

The historical data trend for Largo'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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Largo Inventory Turnover Chart

Largo Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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3.09

3.30

3.17

2.76

Largo Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Inventory Turnover	Get a 7-Day Free Trial															0.91	0.76	0.55	0.58	1.02

Largo Inventory Turnover Calculation

Largo's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	207.747	/ (	(82.596	+	67.727)	/	2 )
=	207.747	/	75.1615
=	2.76

Largo's Inventory Turnover for the quarter that ended in Mar. 2025 is calculated as

	Inventory Turnover (Q: Mar. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2025 )	/ (	(Total Inventories (Q: Dec. 2024 )	+	Total Inventories (Q: Mar. 2025 ))	/	count )
=	60.98	/ (	(67.727	+	52.305)	/	2 )
=	60.98	/	60.016
=	1.02

Largo (TSX:LGO) 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.

Largo's Days Inventory for the three months ended in Mar. 2025 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2025 )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
	=	60.016	/	60.98	*	365 / 4
	=	89.81

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.

Largo's Inventory to Revenue for the quarter that ended in Mar. 2025 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2025 )	/	Revenue (Q: Mar. 2025 )
	=	60.016	/	40.534
	=	1.48

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.

Largo Inventory Turnover Related Terms

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Largo Business Description

Industry

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Traded in Other Exchanges

LGO:USA LR8:Germany

Address

100 King Street West, Suite 1600, First Canadian Place, Toronto, ON, CAN, M5X 1G5

Website

https://www.largoinc.com

Largo Inc is committed to the production and supply of high-quality vanadium products. The company is also focused on the advancement of renewable energy storage solutions through Largo Clean Energy and its vanadium redox flow battery technology. The Company is engaged in the mining, exploration, and development of mineral properties, predominantly in Brazil, through which it produces and supplies vanadium products VPURE Flake, VPURE+ Flake, and VPURE+ Powder. The company has operating segments: sales & trading, mine properties, which generates key revenue, corporate, exploration and evaluation properties, Clean Energy, and Largo Physical Vanadium.

Executives

Paulo Misk	Director, Director or Senior Officer of 10% Security Holder, Senior Officer
Nilson Luciano Helio Chaves	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Koko Yamamoto	Director
Ernest Michael Cleave	Senior Officer
Paul Dalglish	Senior Officer