LPA Group (LSE:LPA) Inventory Turnover : 1.66 (As of Sep. 2024)

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What is LPA Group 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. LPA Group's Cost of Goods Sold for the six months ended in Sep. 2024 was £8.82 Mil. LPA Group's Average Total Inventories for the quarter that ended in Sep. 2024 was £5.32 Mil. LPA Group's Inventory Turnover for the quarter that ended in Sep. 2024 was 1.66.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LPA Group's Days Inventory for the six months ended in Sep. 2024 was 110.12.

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. LPA Group's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 0.44.

LPA Group Inventory Turnover Historical Data

The historical data trend for LPA Group'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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LPA Group Inventory Turnover Chart

LPA Group Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Inventory Turnover

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4.11

3.36

3.22

3.79

3.59

LPA Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Inventory Turnover	Get a 7-Day Free Trial															1.65	1.58	2.08	2.01	1.66

LPA Group Inventory Turnover Calculation

LPA Group's Inventory Turnover for the fiscal year that ended in Sep. 2024 is calculated as

	Inventory Turnover (A: Sep. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2024 )	/ (	(Total Inventories (A: Sep. 2023 )	+	Total Inventories (A: Sep. 2024 ))	/	count )
=	18.068	/ (	(4.303	+	5.749)	/	2 )
=	18.068	/	5.026
=	3.59

LPA Group'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: Mar. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )
=	8.819	/ (	(4.894	+	5.749)	/	2 )
=	8.819	/	5.3215
=	1.66

LPA Group (LSE:LPA) 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.

LPA Group's Days Inventory for the six 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
	=	5.3215	/	8.819	*	365 / 2
	=	110.12

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.

LPA Group'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 )
	=	5.3215	/	11.989
	=	0.44

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.

LPA Group Inventory Turnover Related Terms

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LPA Group Business Description

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Address

Light and Power House, Shire Hill, Saffron Walden, Essex, GBR, CB11 3AQ

Website

https://www.lpa-group.com

LPA Group PLC is a designer, manufacturer, and supplier of LED lighting, industrial electrical, electro mechanical systems, and is a distributor of engineered components. The Group comprises three divisions: LPA Connection Systems (electro-mechanical), LPA Lighting Systems (lighting & electronics) and LPA Channel Electric (engineered component distribution), which collectively design, manufacture and market industrial electrical and electronic products. It operates across three market segments: Rail; Aerospace & Defence and Other Its geographic markets are the United Kingdom, Rest of Europe, Rest of World. The majority of revenue originates in the United Kingdom.