LEAI (Legacy Education Alliance) Inventory Turnover: 438.00 (As of Mar. 2024)


What is Legacy Education Alliance Inventory Turnover?

Legacy Education Alliance LEAI +20.00% Inventory Turnover is 438.00 as of Mar. 2024.

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. Legacy Education Alliance's Cost of Goods Sold for the three months ended in Mar. 2024 was $0.44 Mil. Legacy Education Alliance's Average Total Inventories for the quarter that ended in Mar. 2024 was $0.00 Mil. Legacy Education Alliance's Inventory Turnover for the quarter that ended in Mar. 2024 was 438.00.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Legacy Education Alliance's Days Inventory for the three months ended in Mar. 2024 was 0.21.

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 Alliance's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

Legacy Education Alliance  (OTCPK:LEAI) 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.

Legacy Education Alliance'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
=0.001/0.438*365 / 4
=0.21

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 Alliance'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 )
=0.001 / 0.133
=0.01

* 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.

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.

Legacy Education Alliance Inventory Turnover Related Terms

Legacy Education Alliance Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Legacy Education Alliance'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.

Legacy Education Alliance Inventory Turnover Chart

Legacy Education Alliance Annual Data
Trend Sep14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 849.25 205.93 417.09 456.00 216.00

Legacy Education Alliance 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 73.00 96.00 46.00 1.00 438.00

Legacy Education Alliance Inventory Turnover Calculation

Legacy Education Alliance'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 )
=0.216 / ((0.001 + 0.001) / 2 )
=0.216 / 0.001
=216.00

Legacy Education Alliance'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 )
=0.438 / ((0.001 + 0.001) / 2 )
=0.438 / 0.001
=438.00

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 438.00 mean?
Legacy Education Alliance (LEAI) has a Inventory Turnover of 438.00 as of Mar. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Legacy Education Alliance and its competitors.
Is Legacy Education Alliance's Inventory Turnover too high?
Legacy Education Alliance's current Inventory Turnover is 438.00.
How does Legacy Education Alliance's Inventory Turnover compare to TAL and EDU?
Legacy Education Alliance's Inventory Turnover of 438.00 can be compared against companies in the Education industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for an Education company?
A good Inventory Turnover depends on the Education industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Legacy Education Alliance and its competitors. Legacy Education Alliance's current Inventory Turnover is 438.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Legacy Education Alliance stock overvalued right now?
Legacy Education Alliance (LEAI) has a current Inventory Turnover of 438.00. The current Inventory Turnover is 438.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For Legacy Education Alliance (LEAI), the current Inventory Turnover is 438.00 as of Mar. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Legacy Education Alliance Business Description

Address 120 N. Main Street, New City, NY, USA, 10956
Legacy Education Alliance Inc is engaged in the provision of educational training seminars, conferences, and services. It offers comprehensive instruction and mentorship in the areas of personal finance, entrepreneurship, real estate investing strategies, and techniques. Some of its brands are Homemade Investor, and Building Wealth with Legacy. Its geographical segments are North America, the United Kingdom, and Other foreign markets, of which the majority of its revenue comes from North America.