LICYF (Li-Cycle Holdings) Inventory Turnover: 2.05 (As of Dec. 2024)

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LICYF Li-Cycle Holdings Corp LICYF
16 GF Score
Price $0.09
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What is Li-Cycle Holdings Inventory Turnover?

Li-Cycle Holdings LICYF -0.01% 16 Inventory Turnover is 2.05 as of Dec. 2024. GuruFocus rates LICYF with a GF Score™ of 16/100.

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. Li-Cycle Holdings's Cost of Goods Sold for the three months ended in Dec. 2024 was $19.30 Mil. Li-Cycle Holdings's Average Total Inventories for the quarter that ended in Dec. 2024 was $9.40 Mil. Li-Cycle Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.05.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Li-Cycle Holdings's Days Inventory for the three months ended in Dec. 2024 was 44.44.

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. Li-Cycle Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.34.

Li-Cycle Holdings  (OTCPK:LICYF) 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.

Li-Cycle Holdings's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2024 )/Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=9.4/19.3*365 / 4
=44.44

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.

Li-Cycle Holdings's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2024 ) / Revenue (Q: Dec. 2024 )
=9.4 / 7
=1.34

* 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.

Li-Cycle Holdings Inventory Turnover Related Terms

Li-Cycle Holdings Inventory Turnover Historical Data

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The historical data trend for Li-Cycle 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.

Li-Cycle Holdings Inventory Turnover Chart

Li-Cycle Holdings Annual Data
Trend Oct19 Oct20 Oct21 Oct22 Dec23 Dec24
Inventory Turnover
Get a 7-Day Free Trial 3.21 17.97 11.00 9.57 7.98

Li-Cycle Holdings Quarterly Data
Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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 3.32 1.86 2.20 2.19 2.05
LICYF
16GF Score
Li-Cycle Holdings Corp LICYF
Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.
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Li-Cycle Holdings Inventory Turnover Calculation

Li-Cycle Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

Inventory Turnover (A: Dec. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2024 ) / ((Total Inventories (A: Dec. 2023 ) + Total Inventories (A: Dec. 2024 )) / count )
=76.6 / ((9.6 + 9.6) / 2 )
=76.6 / 9.6
=7.98

Li-Cycle Holdings's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

Inventory Turnover (Q: Dec. 2024 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2024 ) / ((Total Inventories (Q: Sep. 2024 ) + Total Inventories (Q: Dec. 2024 )) / count )
=19.3 / ((9.2 + 9.6) / 2 )
=19.3 / 9.4
=2.05

* 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 2.05 mean?
Li-Cycle Holdings (LICYF) has a Inventory Turnover of 2.05 as of Dec. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Li-Cycle Holdings and its competitors.
Is Li-Cycle Holdings' Inventory Turnover too high?
Li-Cycle Holdings' current Inventory Turnover is 2.05. Overall, Li-Cycle Holdings has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.
How does Li-Cycle Holdings' Inventory Turnover compare to SNRG and AQMS?
Li-Cycle Holdings' Inventory Turnover of 2.05 can be compared against companies in the Waste Management 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 a Waste Management company?
A good Inventory Turnover depends on the Waste Management 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 Li-Cycle Holdings and its competitors. Li-Cycle Holdings's current Inventory Turnover is 2.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Li-Cycle Holdings stock overvalued right now?
Li-Cycle Holdings (LICYF) has a current Inventory Turnover of 2.05. The current Inventory Turnover is 2.05. Li-Cycle Holdings' overall GF Score™ is 16/100. 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 Li-Cycle Holdings (LICYF), the current Inventory Turnover is 2.05 as of Dec. 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.

Li-Cycle Holdings Business Description

Address 207 Queen’s Quay West, Suite 590, Toronto, ON, CAN, M5J 1A7
Li-Cycle Holdings Corp is a lithium-ion battery resource recovery and lithium-ion battery recycler. The company's proprietary process Spoke and Hub recycling process is designed at its Spokes, to process battery manufacturing scrap and end-of-life batteries to produce black mass and other intermediate products, and at its Hubs, to process black mass to recover raw materials, including but not limited to lithium carbonate, cobalt sulphate, and nickel sulphate.
16GF Score

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

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