Logicom Public (CYS:LOG) Inventory Turnover : 3.03 (As of Mar. 2024)

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What is Logicom Public 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. Logicom Public's Cost of Goods Sold for the three months ended in Mar. 2024 was €274 Mil. Logicom Public's Average Total Inventories for the quarter that ended in Mar. 2024 was €90 Mil. Logicom Public's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Logicom Public's Days Inventory for the three months ended in Mar. 2024 was 30.11.

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. Logicom Public's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.30.

Logicom Public Inventory Turnover Historical Data

The historical data trend for Logicom Public'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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Logicom Public Inventory Turnover Chart

Logicom Public Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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12.75

13.29

13.41

10.74

11.50

Logicom Public Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															2.73	3.18	3.34	2.66	3.03

Logicom Public Inventory Turnover Calculation

Logicom Public's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1121.334	/ (	(106.592	+	88.441)	/	2 )
=	1121.334	/	97.5165
=	11.50

Logicom Public's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	274.191	/ (	(88.441	+	92.51)	/	2 )
=	274.191	/	90.4755
=	3.03

Logicom Public (CYS:LOG) 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.

Logicom Public's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	90.4755	/	274.191	*	365 / 4
	=	30.11

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.

Logicom Public's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	90.4755	/	299.115
	=	0.30

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.

Logicom Public Inventory Turnover Related Terms

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Logicom Public (CYS:LOG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Logicom Public Ltd (CYS:LOG) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

Stasinou 26, Ayia Paraskevi Strovolos, Nicosia, CYP, 2003

Website

https://www.lgcom.net

Logicom Public Ltd is engaged in the distribution of technology products and services. In addition, it is also involved in the provision of integrated information technology networking, telecom, and business software solutions, and the execution of infrastructure projects in the areas of water, power, and gas. The company operates through two segments namely the Distribution segment and the Services segment. The Distribution segment includes the distribution of its technology products in the European, United Arab Emirates, and Saudi Arabia markets. The Services segment operates in the provision of solutions and services for networks and telecommunications, and software to customers in Cyprus and abroad.

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