Luna Innovations (FRA:LRD) Inventory Turnover : 0.31 (As of Sep. 2023)

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What is Luna Innovations 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. Luna Innovations's Cost of Goods Sold for the three months ended in Sep. 2023 was €12.3 Mil. Luna Innovations's Average Total Inventories for the quarter that ended in Sep. 2023 was €39.7 Mil. Luna Innovations's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.31.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Luna Innovations's Days Inventory for the three months ended in Sep. 2023 was 295.54.

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. Luna Innovations's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.38.

Luna Innovations Inventory Turnover Historical Data

The historical data trend for Luna Innovations'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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Luna Innovations Inventory Turnover Chart

Luna Innovations Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

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4.14

4.15

1.35

1.64

1.49

Luna Innovations Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover	Get a 7-Day Free Trial															0.40	0.35	0.26	0.30	0.31

Luna Innovations Inventory Turnover Calculation

Luna Innovations's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	40.592	/ (	(19.906	+	34.533)	/	2 )
=	40.592	/	27.2195
=	1.49

Luna Innovations's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	12.251	/ (	(38.769	+	40.589)	/	2 )
=	12.251	/	39.679
=	0.31

Luna Innovations (FRA:LRD) 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.

Luna Innovations's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	39.679	/	12.251	*	365 / 4
	=	295.54

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.

Luna Innovations's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	39.679	/	28.769
	=	1.38

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.

Luna Innovations Inventory Turnover Related Terms

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Luna Innovations (FRA:LRD) Business Description

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LUNA:USA

Address

301 1st Street South West, Suite 200, Roanoke, VA, USA, 24011

Website

https://www.lunainc.com

Luna Innovations Inc is engaged in optical technology, providing high-performance fiber optic test, measurement, and control products for the telecommunications, and photonics industries, and distributed fiber optic sensing solutions that measure and monitor materials and structures for applications in aerospace, automotive, oil, and gas, security, and infrastructure. Its Lightwave segment develops, manufactures, and markets optical measurements technologies like Sensing including short, medium, and long-range distributed fiber optic sensing solutions and Terahertz measurement products, and Communications test and photonic control including test equipment for communications devices and networks and specialty laser and photonic components. It derives a majority of its revenue from the U.S.

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