LMP Automotive Holdings (LMP Automotive Holdings) Change In Inventory : $7.2 Mil (TTM As of Sep. 2021)

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What is LMP Automotive Holdings Change In Inventory?

LMP Automotive Holdings's change in inventory for the quarter that ended in Sep. 2021 was $15.7 Mil. It means LMP Automotive Holdings's inventory declined by $15.7 Mil from Jun. 2021 to Sep. 2021 .

LMP Automotive Holdings's change in inventory for the fiscal year that ended in Dec. 2020 was $6.3 Mil. It means LMP Automotive Holdings's inventory declined by $6.3 Mil from Dec. 2019 to Dec. 2020 .

LMP Automotive Holdings's Total Inventories for the quarter that ended in Sep. 2021 was $45.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LMP Automotive Holdings's Days Inventory for the quarter that ended in Sep. 2021 was 42.68.

Inventory Turnover measures how fast the company turns over its inventory within a year. LMP Automotive Holdings's Inventory Turnover for the quarter that ended in Sep. 2021 was 2.14.

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. LMP Automotive Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2021 was 0.38.

LMP Automotive Holdings Change In Inventory Historical Data

The historical data trend for LMP Automotive Holdings's Change In Inventory 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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LMP Automotive Holdings Change In Inventory Chart

LMP Automotive Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Change In Inventory

-3.68

-8.50

-0.19

6.31

LMP Automotive Holdings Quarterly Data
	Dec17	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Change In Inventory	Get a 7-Day Free Trial										2.59	-0.44	-14.56	6.53	15.69

LMP Automotive Holdings Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $7.2 Mil.

LMP Automotive Holdings (OTCPK:LMPX) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

LMP Automotive Holdings's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	53.252	/	113.843	*	365 / 4
	=	42.68

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

LMP Automotive Holdings's Inventory Turnover for the quarter that ended in Sep. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	113.843	/	53.252
	=	2.14

3. 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.

LMP Automotive Holdings's Inventory to Revenue for the quarter that ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	53.252	/	141.433
	=	0.38

LMP Automotive Holdings Change In Inventory Related Terms

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LMP Automotive Holdings (LMP Automotive Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » LMP Automotive Holdings Inc (OTCPK:LMPX) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 East Broward Boulevard, Suite 1900, Fort Lauderdale, FL, USA, 33394

Website

https://www.lmpmotors.com

LMP Automotive Holdings Inc is an e-commerce and facilities-based retail platform for consumers who desire to buy, sell, rent, subscribe for or finance pre-owned and new automobiles. Its business model is described as Buy, Rent or Subscribe, Sell and Repeat. The company offer sales of pre-owned automobiles, and rentals and subscriptions for both pre-owned and new automobiles.

Executives

Samer Tawfik	director, 10 percent owner, officer: President and CEO	C/O HERRICK FEINSTEIN LLP 2 PARK AVE NEW YORK NY 10016
Svetlana Limburger	director	C/O LMP AUTOMOTIVE HOLDINGS, INC. 500 EAST BROWARD BLVD., SUITE 1900 FT. LAUDERDALE FL 33394
Richard Aldahan	officer: Chief Operating Officer	500 EAST BROWARD BLVD. SUITE 1900 FL 33394
William G Cohen	director	117 HARBOR ROAD WESTPORT CT 06880
Robert Bellaflores	officer: Chief Financial Officer	500 EAST BROWARD BLVD. SUITE 1900 FT. LAUDERDALE FL 33394
Evan Bernstein	officer: Chief Financial Officer	500 EAST BROWARD BLVD. SUITE 1900 FT. LAUDERDALE FL 33394
Keith Locker	director	C/O GLENBOROUGH REALTY TRUST, 400 SOUTH EL CAMINO REAL, SUITE 1100, SAN MATEO CA 94402
Morris Robert J. Jr.	director	4145 COLONEL VANDERHORST CIRCLE MT. PLEASANT SC 29466
Elias Nadim Nader	director	2295 LEIGH AVENUE SAN JOSE CA 95124
Bryan Silverstein	officer: Chief Financial Officer	601 NORTH STATE ROAD 7 PLANTATION FL 33317