Logistec (TSX:LGT.B) Inventory Turnover : 8.17 (As of Sep. 2023)

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What is Logistec 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. Logistec's Cost of Goods Sold for the three months ended in Sep. 2023 was C$243.2 Mil. Logistec's Average Total Inventories for the quarter that ended in Sep. 2023 was C$29.8 Mil. Logistec's Inventory Turnover for the quarter that ended in Sep. 2023 was 8.17.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Logistec's Days Inventory for the three months ended in Sep. 2023 was 11.16.

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. Logistec's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.10.

Logistec Inventory Turnover Historical Data

The historical data trend for Logistec'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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Logistec Inventory Turnover Chart

Logistec Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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35.20

44.35

37.61

39.62

39.10

Logistec Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															10.33	9.34	6.30	7.33	8.17

Logistec Inventory Turnover Calculation

Logistec's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	720.079	/ (	(16.83	+	20)	/	2 )
=	720.079	/	18.415
=	39.10

Logistec's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	243.189	/ (	(29.958	+	29.552)	/	2 )
=	243.189	/	29.755
=	8.17

Logistec (TSX:LGT.B) 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.

Logistec's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	29.755	/	243.189	*	365 / 4
	=	11.16

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.

Logistec's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	29.755	/	307.15
	=	0.10

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.

Logistec Inventory Turnover Related Terms

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Logistec (TSX:LGT.B) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Logistec Corp (TSX:LGT.B) » Definitions » Inventory Turnover

Traded in Other Exchanges

LTKBF:USA LGT.A:Canada

Address

600 De La Gauchetiere Street West, 14th Floor, Montreal, QC, CAN, H3B 4L2

Website

https://www.logistec.com

Logistec Corp provides specialized cargo handling and other services to a wide variety of marine, industrial and municipal customers. It has cargo handling facilities in ports across North America and offers marine agency services to foreign shipowners and operators serving the Canadian market. The company is widely diversified on the basis of cargo type and port location with a balance between import and export activities. The company is organized and operate in two industry segments: Marine services, and Environmental services. The Marine Services Segment which is the key revenue-generating segment provides cargo handling and other services to marine and industrial customers. It has a business presence in Canada and the US.

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