LGCY (Legacy Education) Days Inventory : 10.95 (As of Dec. 2024)

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What is Legacy Education Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Legacy Education's Average Total Inventories for the three months ended in Dec. 2024 was $0.90 Mil. Legacy Education's Cost of Goods Sold for the three months ended in Dec. 2024 was $7.48 Mil. Hence, Legacy Education's Days Inventory for the three months ended in Dec. 2024 was 10.95.

The historical rank and industry rank for Legacy Education's Days Inventory or its related term are showing as below:

LGCY' s Days Inventory Range Over the Past 10 Years
Min: 3.26 Med: 8.03 Max: 9.96
Current: 9.96

During the past 6 years, Legacy Education's highest Days Inventory was 9.96. The lowest was 3.26. And the median was 8.03.

LGCY's Days Inventory is ranked worse than
56.44% of 163 companies
in the Education industry
Industry Median: 7.97 vs LGCY: 9.96

Legacy Education's Days Inventory declined from Dec. 2023 (11.69) to Dec. 2024 (10.95).

Inventory Turnover measures how fast the company turns over its inventory within a year. Legacy Education's Inventory Turnover for the three months ended in Dec. 2024 was 8.33.

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. Legacy Education's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.07.

Legacy Education Days Inventory Historical Data

The historical data trend for Legacy Education's Days 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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Legacy Education Days Inventory Chart

Legacy Education Annual Data

Trend

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Inventory

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4.07

3.26

8.18

8.03

9.03

Legacy Education Quarterly Data
	Jun19	Jun20	Sep20	Jun21	Sep21	Jun22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Inventory	Get a 7-Day Free Trial										11.69	10.01	8.33	9.92	10.95

Competitive Comparison of Legacy Education's Days Inventory

For the Education & Training Services subindustry, Legacy Education's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Legacy Education's Days Inventory Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Legacy Education's Days Inventory distribution charts can be found below:

* The bar in red indicates where Legacy Education's Days Inventory falls into.

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Legacy Education Days Inventory Calculation

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

Legacy Education's Days Inventory for the fiscal year that ended in Jun. 2024 is calculated as

	Days Inventory (A: Jun. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (0.471	+	0.833)	/	2 )	/	26.351	*	365
=	0.652					/	26.351	*	365
=	9.03

Legacy Education's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (0.734	+	1.061)	/	2 )	/	7.479	*	365 / 4
=	0.8975					/	7.479	*	365 / 4
=	10.95

Legacy Education (AMEX:LGCY) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Legacy Education's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	7.479	/	0.8975
	=	8.33

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.

Legacy Education's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.8975	/	13.635
	=	0.07

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Legacy Education Days Inventory Related Terms

Thank you for viewing the detailed overview of Legacy Education's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Legacy Education Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Legacy Education Inc (AMEX:LGCY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

701 W Avenue K, Suite 123, Lancaster, CA, USA, 93534

Website

https://www.legacyed.com

Legacy Education Inc is engaged in career-focused, post-secondary education services to students at all stages of adult life, from recent high school graduates to working parents.