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

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LMPX LMP Automotive Holdings Inc LMPX
18 GF Score
Price $0.08
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What is LMP Automotive Holdings Change In Inventory?

LMP Automotive Holdings LMPX 18 Change In Inventory is $7.2 Mil as of Sep. 2021. GuruFocus rates LMPX with a GF Score™ of 18/100.

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  (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

* 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.

LMP Automotive Holdings Change In Inventory Related Terms

LMP Automotive Holdings Change In Inventory Historical Data

* Premium members only.

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.

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 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.59 -0.44 -14.56 6.53 15.69
LMPX
18GF Score
LMP Automotive Holdings Inc LMPX
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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.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $7.2 Mil mean?
LMP Automotive Holdings (LMPX) has a Change In Inventory of $7.2 Mil as of Sep. 2021. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for LMP Automotive Holdings and its competitors.
Is LMP Automotive Holdings' Change In Inventory too high?
LMP Automotive Holdings' current Change In Inventory is $7.2 Mil. Overall, LMP Automotive Holdings has a GF Score™ of 18/100, reflecting its overall financial health beyond just this single metric.
How does LMP Automotive Holdings' Change In Inventory compare to LOTZ and JZXN?
LMP Automotive Holdings' Change In Inventory of $7.2 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Vehicles & Parts company?
A good Change In Inventory depends on the Vehicles & Parts industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for LMP Automotive Holdings and its competitors. LMP Automotive Holdings's current Change In Inventory is $7.2 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is LMP Automotive Holdings stock overvalued right now?
LMP Automotive Holdings (LMPX) has a current Change In Inventory of $7.2 Mil. The current Change In Inventory is $7.2 Mil. LMP Automotive Holdings' overall GF Score™ is 18/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For LMP Automotive Holdings (LMPX), the current Change In Inventory is $7.2 Mil as of Sep. 2021. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

LMP Automotive Holdings Business Description

Address 500 East Broward Boulevard, Suite 1900, Fort Lauderdale, FL, USA, 33394
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.
18GF Score

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Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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