LECO (Lincoln Electric Holdings) Inventory Turnover: 1.09 (As of Mar. 2026)


LECO Lincoln Electric Holdings Inc LECO
98 GF Score
Price $258.33
GF Value $237.32
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Lincoln Electric Holdings Inventory Turnover?

Lincoln Electric Holdings LECO +0.13% 98 Inventory Turnover is 1.09 as of Mar. 2026. GuruFocus rates LECO with a GF Score™ of 98/100 and a GF Value™ of $237.32 (Fairly Valued). The stock has 2 warning signs investors should review.

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. Lincoln Electric Holdings's Cost of Goods Sold for the three months ended in Mar. 2026 was $722 Mil. Lincoln Electric Holdings's Average Total Inventories for the quarter that ended in Mar. 2026 was $664 Mil. Lincoln Electric Holdings's Inventory Turnover for the quarter that ended in Mar. 2026 was 1.09.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lincoln Electric Holdings's Days Inventory for the three months ended in Mar. 2026 was 83.84.

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. Lincoln Electric Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2026 was 0.59.

Lincoln Electric Holdings  (NAS:LECO) 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.

Lincoln Electric Holdings's Days Inventory for the three months ended in Mar. 2026 is calculated as:

Days Inventory =Average Total Inventories (Q: Mar. 2026 )/Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=663.651/722.302*365 / 4
=83.84

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.

Lincoln Electric Holdings's Inventory to Revenue for the quarter that ended in Mar. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=663.651 / 1121.434
=0.59

* 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.

Lincoln Electric Holdings Inventory Turnover Related Terms

Lincoln Electric Holdings Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Lincoln Electric 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.

Lincoln Electric Holdings Inventory Turnover Chart

Lincoln Electric Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.70 4.12 4.44 4.58 4.58

Lincoln Electric Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 1.14 1.14 1.04 1.08 1.09
LECO
98GF Score
Lincoln Electric Holdings Inc LECO
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Lincoln Electric Holdings Inventory Turnover Calculation

Lincoln Electric Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2025 is calculated as

Inventory Turnover (A: Dec. 2025 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2025 ) / ((Total Inventories (A: Dec. 2024 ) + Total Inventories (A: Dec. 2025 )) / count )
=2698.751 / ((544.037 + 633.364) / 2 )
=2698.751 / 588.7005
=4.58

Lincoln Electric Holdings's Inventory Turnover for the quarter that ended in Mar. 2026 is calculated as

Inventory Turnover (Q: Mar. 2026 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Mar. 2026 ) / ((Total Inventories (Q: Dec. 2025 ) + Total Inventories (Q: Mar. 2026 )) / count )
=722.302 / ((633.364 + 693.938) / 2 )
=722.302 / 663.651
=1.09

* 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 1.09 mean?
Lincoln Electric Holdings (LECO) has a Inventory Turnover of 1.09 as of Mar. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Lincoln Electric Holdings and its competitors.
Is Lincoln Electric Holdings' Inventory Turnover too high?
Lincoln Electric Holdings' current Inventory Turnover is 1.09. Overall, Lincoln Electric Holdings has a GF Score™ of 98/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Lincoln Electric Holdings' Inventory Turnover compare to SWK and TKR?
Lincoln Electric Holdings' Inventory Turnover of 1.09 can be compared against companies in the Industrial Products 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 Industrial Products company?
A good Inventory Turnover depends on the Industrial Products 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 Lincoln Electric Holdings and its competitors. Lincoln Electric Holdings's current Inventory Turnover is 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Lincoln Electric Holdings stock overvalued right now?
Based on GuruFocus' analysis, Lincoln Electric Holdings (LECO) is currently considered Fairly Valued. The stock's GF Value™ is $237.32, compared to a current price of $258.33 — trading 8.9% above its estimated fair value. The current Inventory Turnover is 1.09. Lincoln Electric Holdings' overall GF Score™ is 98/100 with 2 warning signs to review. 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 Lincoln Electric Holdings (LECO), the current Inventory Turnover is 1.09 as of Mar. 2026. 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.

Is Lincoln Electric Holdings (LECO) Overvalued in 2026?

Based on GuruFocus' analysis, Lincoln Electric Holdings stock appears to be overvalued. The current stock price of $258.33 is trading 8.9% above its estimated GF Value™ of $237.32. GuruFocus considers Lincoln Electric Holdings to be Fairly Valued.

Key valuation signals for LECO:

  • Inventory Turnover: 1.09
  • GF Value™: $237.32 vs. price of $258.33 (8.9% above fair value)
  • GF Score™: 98/100 with 2 warning signs

No single metric tells the full story. See the LECO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Lincoln Electric Holdings Business Description

Other Exchanges LNE:Germany
Address 22801 Saint Clair Avenue, Cleveland, OH, USA, 44117
Lincoln Electric is a leading manufacturer of welding, cutting, and brazing products. Its portfolio includes arc-welding solutions, plasma and oxy-fuel cutting systems, brazing and soldering alloys, and automation solutions. Lincoln Electric serves clients across general fabrication, heavy industries, automotive, construction, shipbuilding, energy, and process industries, among others. The company generated roughly $4.2 billion in sales in 2025.
98GF Score

Get the complete analysis for LECO

Inventory Turnover is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$258.33
Price
$237.32
GF Value