Lumos Diagnostics Holdings (ASX:LDX) Inventory Turnover : 2.56 (As of Jun. 2024)

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What is Lumos Diagnostics Holdings 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. Lumos Diagnostics Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was A$4.07 Mil. Lumos Diagnostics Holdings's Average Total Inventories for the quarter that ended in Jun. 2024 was A$1.59 Mil. Lumos Diagnostics Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 was 2.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lumos Diagnostics Holdings's Days Inventory for the six months ended in Jun. 2024 was 71.30.

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. Lumos Diagnostics Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2024 was 0.13.

Lumos Diagnostics Holdings Inventory Turnover Historical Data

The historical data trend for Lumos Diagnostics Holdings'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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Lumos Diagnostics Holdings Inventory Turnover Chart

Lumos Diagnostics Holdings Annual Data

Trend

Jun22

Jun23

Jun24

Inventory Turnover

2.84

2.63

4.39

Lumos Diagnostics Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Inventory Turnover	Get a 7-Day Free Trial			1.61	1.28	1.48	1.11	2.56

Lumos Diagnostics Holdings Inventory Turnover Calculation

Lumos Diagnostics Holdings's Inventory Turnover for the fiscal year that ended in Jun. 2024 is calculated as

	Inventory Turnover (A: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2024 )	/ (	(Total Inventories (A: Jun. 2023 )	+	Total Inventories (A: Jun. 2024 ))	/	count )
=	6.073	/ (	(1.584	+	1.181)	/	2 )
=	6.073	/	1.3825
=	4.39

Lumos Diagnostics Holdings's Inventory Turnover for the quarter that ended in Jun. 2024 is calculated as

	Inventory Turnover (Q: Jun. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Jun. 2024 ))	/	count )
=	4.07	/ (	(1.999	+	1.181)	/	2 )
=	4.07	/	1.59
=	2.56

Lumos Diagnostics Holdings (ASX:LDX) 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.

Lumos Diagnostics Holdings's Days Inventory for the six months ended in Jun. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2024 )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
	=	1.59	/	4.07	*	365 / 2
	=	71.30

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.

Lumos Diagnostics Holdings's Inventory to Revenue for the quarter that ended in Jun. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2024 )	/	Revenue (Q: Jun. 2024 )
	=	1.59	/	12.598
	=	0.13

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.

Lumos Diagnostics Holdings Inventory Turnover Related Terms

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Lumos Diagnostics Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Lumos Diagnostics Holdings Ltd (ASX:LDX) » Definitions » Inventory Turnover

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Traded in Other Exchanges

LDXHF:USA

Address

2724 Loker Ave West, Carlsbad, CA, USA, 92010

Website

https://www.lumosdiagnostics.com

Lumos Diagnostics Holdings Ltd is engaged in the development, manufacture and distribution of point-of-care diagnostic (POC) tests and associated readers for analysis of POC diagnostic tests. It also directly develops, manufactures and commercializes proprietary, Lumos-branded POC tests that target infectious and inflammatory diseases. It generates maximum revenue from the commercial services and solutions relating to POC diagnostic tests.

Lumos Diagnostics Holdings Headlines

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