LPX (Louisiana-Pacific) Inventory Turnover : 1.42 (As of Sep. 2024)

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What is Louisiana-Pacific 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. Louisiana-Pacific's Cost of Goods Sold for the three months ended in Sep. 2024 was $529 Mil. Louisiana-Pacific's Average Total Inventories for the quarter that ended in Sep. 2024 was $373 Mil. Louisiana-Pacific's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Louisiana-Pacific's Days Inventory for the three months ended in Sep. 2024 was 64.25.

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. Louisiana-Pacific's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.52.

Louisiana-Pacific Inventory Turnover Historical Data

The historical data trend for Louisiana-Pacific'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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Louisiana-Pacific Inventory Turnover Chart

Louisiana-Pacific Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.46

7.33

7.28

7.69

5.57

Louisiana-Pacific Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.31	1.32	1.31	1.43	1.42

Louisiana-Pacific Inventory Turnover Calculation

Louisiana-Pacific'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 )
=	1988	/ (	(336	+	378)	/	2 )
=	1988	/	357
=	5.57

Louisiana-Pacific's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as

	Inventory Turnover (Q: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2024 )	/ (	(Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	529	/ (	(373	+	372)	/	2 )
=	529	/	372.5
=	1.42

Louisiana-Pacific (NYSE:LPX) 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.

Louisiana-Pacific's Days Inventory for the three months ended in Sep. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2024 )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
	=	372.5	/	529	*	365 / 4
	=	64.25

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.

Louisiana-Pacific's Inventory to Revenue for the quarter that ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	372.5	/	722
	=	0.52

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.

Louisiana-Pacific Inventory Turnover Related Terms

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Louisiana-Pacific Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Louisiana-Pacific Corp (NYSE:LPX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

LP3:Germany LP3:Germany

Address

1610 West End Avenue, Suite 200, Nashville, TN, USA, 37203

Website

https://www.lpcorp.com

Louisiana-Pacific is primarily an oriented strand board producer and also offers engineered wood siding used in home construction and repair and remodel projects. The company is largely exposed to the North American housing market but has also established capacity in Brazil and Chile.

Executives

Horton Ozey K Jr	director	200 OLD WILSON BRIDGE ROAD, COLUMBUS OH 43085
Lizanne C Gottung	director	1610 WEST END AVENUE, SUITE 200, NASHVILLE TN 37203
William Bradley Southern	officer: Senior Vice President	1610 WEST END AVENUE, NASHVILLE TN 37203
Michael W Blosser	officer: SVP, Manufacturing Services	414 UNION STREET, SUITE 2000, NASHVILLE TN 37219
Derek Nelson Doyle	officer: Principal Accounting Officer	1610 WEST END AVENUE, NASHVILLE TN 37203
Alan Haughie	officer: EVP, CFO	860 RIDGE LAKE BLVD., MEMPHIS TN 38120
Jimmy Earl Mason	officer: EVP & General Manager of OSB	414 UNION STREET, SUITE 2000, NASHVILLE TN 37219-1711
Jose A Bayardo	director	11700 OLD KATY ROAD SUITE 300, HOUSTON TX 77079
Robin H Everhart	officer: SVP, CHRO	414 UNION STREET, SUITE 2000, NASHVILLE TN 37219
Nicole C Daniel	officer: SVP, General Counsel	414 UNION STREET, NASHVILLE TN 37219
Stephen E. Macadam	director	C/O ENPRO INDUSTRIES, INC., 5605 CARNEGIE BLVD., STE. 500, CHARLOTTE NC 28209
Michael Sims	officer: SVP Sales and Marketing	414 UNION STREET, NASHVILLE TN 37219
Neil Sherman	officer: SVP EWP	414 UNION STREET, NASHVILLE TN 37129
Jason Paul Ringbloom	officer: EVP OSB	414 UNION STREET, NASHVILLE TN 37219
Kurt M Landgraf	director	ONE RIVERFRONT PLAZA, CORNING NY 14831