Leone Asset Management (Leone Asset Management) Inventory Turnover : 0.04 (As of Dec. 2018)

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What is Leone Asset Management 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. Leone Asset Management's Cost of Goods Sold for the three months ended in Dec. 2018 was $0.01 Mil. Leone Asset Management's Average Total Inventories for the quarter that ended in Dec. 2018 was $0.30 Mil. Leone Asset Management's Inventory Turnover for the quarter that ended in Dec. 2018 was 0.04.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Leone Asset Management's Days Inventory for the three months ended in Dec. 2018 was 2,451.31.

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. Leone Asset Management's Inventory-to-Revenue for the quarter that ended in Dec. 2018 was 4.41.

Leone Asset Management Inventory Turnover Historical Data

The historical data trend for Leone Asset Management'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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Leone Asset Management Inventory Turnover Chart

Leone Asset Management Annual Data

Trend

Dec07

Dec08

Dec09

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Inventory Turnover

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8.35

1.10

Leone Asset Management Quarterly Data
	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Dec12	Mar13	Dec13	Dec14	Dec15	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18
Inventory Turnover	Get a 7-Day Free Trial															4.00	4.91	0.37	0.10	0.04

Leone Asset Management Inventory Turnover Calculation

Leone Asset Management's Inventory Turnover for the fiscal year that ended in Dec. 2018 is calculated as

	Inventory Turnover (A: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2018 )	/ (	(Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )
=	0.173	/ (	(0.017	+	0.298)	/	2 )
=	0.173	/	0.1575
=	1.10

Leone Asset Management's Inventory Turnover for the quarter that ended in Dec. 2018 is calculated as

	Inventory Turnover (Q: Dec. 2018 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2018 )	/ (	(Total Inventories (Q: Sep. 2018 )	+	Total Inventories (Q: Dec. 2018 ))	/	count )
=	0.011	/ (	(0.293	+	0.298)	/	2 )
=	0.011	/	0.2955
=	0.04

Leone Asset Management (OTCPK:LEON) 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.

Leone Asset Management's Days Inventory for the three months ended in Dec. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2018 )	/	Cost of Goods Sold (Q: Dec. 2018 )	*	Days in Period
	=	0.2955	/	0.011	*	365 / 4
	=	2,451.31

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.

Leone Asset Management's Inventory to Revenue for the quarter that ended in Dec. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2018 )	/	Revenue (Q: Dec. 2018 )
	=	0.2955	/	0.067
	=	4.41

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.

Leone Asset Management Inventory Turnover Related Terms

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Leone Asset Management (Leone Asset Management) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Leone Asset Management Inc (OTCPK:LEON) » Definitions » Inventory Turnover

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Address

801 West Bay Drive, Suite 715, Largo, FL, USA, 33770

Website

https://www.leoneasset.com

Leone Asset Management Inc is a multi-national, multi-industry conglomerate with subsidiary companies that operate in Health and Wellness, Research and Development, Agriculture Management and Infrastructure development. The company provides services such as Health and Nutrition Products Manufacturing and Distribution to its clients.

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