Leifheit AG (FRA:LEI) Inventory Turnover : 0.72 (As of Mar. 2024)

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What is Leifheit AG 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. Leifheit AG's Cost of Goods Sold for the three months ended in Mar. 2024 was €36.5 Mil. Leifheit AG's Average Total Inventories for the quarter that ended in Mar. 2024 was €50.8 Mil. Leifheit AG's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Leifheit AG's Days Inventory for the three months ended in Mar. 2024 was 127.06.

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. Leifheit AG's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.77.

Leifheit AG Inventory Turnover Historical Data

The historical data trend for Leifheit AG'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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Leifheit AG Inventory Turnover Chart

Leifheit AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.89

2.83

2.56

2.33

2.66

Leifheit AG 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															0.68	0.69	0.68	0.65	0.72

Leifheit AG Inventory Turnover Calculation

Leifheit AG'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 )
=	149.645	/ (	(62.452	+	50.213)	/	2 )
=	149.645	/	56.3325
=	2.66

Leifheit AG'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 )
=	36.48	/ (	(50.213	+	51.376)	/	2 )
=	36.48	/	50.7945
=	0.72

Leifheit AG (FRA:LEI) 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.

Leifheit AG'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
	=	50.7945	/	36.48	*	365 / 4
	=	127.06

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.

Leifheit AG'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 )
	=	50.7945	/	65.928
	=	0.77

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.

Leifheit AG Inventory Turnover Related Terms

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Leifheit AG (FRA:LEI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Leifheit AG (FRA:LEI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

LEI:Germany

Address

Leifheitstrasse 1, PO Box 11 65, Lahn, Nassau, DEU, 56377

Website

https://www.leifheit-group.com

Leifheit AG is a brand supplier of household items. It divides its operating business into the Household, well-being, and Private Label segments. Leifheit and Soehnle products, two of Germany's household brands, are known for quality and utility for consumers. Its French subsidiaries Birambeau and Herby are active in the service-oriented Private Label segment with a selected product range. In each segment, the company focuses on its core product categories of cleaning, laundry care, kitchen goods, and well-being. Its key markets are Germany and Central Europe. It recognizes revenue from the sale of products.

Executives

Karsten Schmidt

Supervisory Board

Leifheit AG (FRA:LEI) Headlines

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