Lamda Development (LTS:0NCY) Inventory Turnover : 0.42 (As of Mar. 2024)

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What is Lamda Development 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. Lamda Development's Cost of Goods Sold for the three months ended in Mar. 2024 was €96.7 Mil. Lamda Development's Average Total Inventories for the quarter that ended in Mar. 2024 was €229.8 Mil. Lamda Development's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.42.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lamda Development's Days Inventory for the three months ended in Mar. 2024 was 216.97.

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. Lamda Development's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.62.

Lamda Development Inventory Turnover Historical Data

The historical data trend for Lamda Development'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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Lamda Development Inventory Turnover Chart

Lamda Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.91

2.95

0.25

0.37

1.12

Lamda Development Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.13	0.25	0.21	0.55	0.42

Lamda Development Inventory Turnover Calculation

Lamda Development'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 )
=	273.853	/ (	(237.311	+	251.279)	/	2 )
=	273.853	/	244.295
=	1.12

Lamda Development's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	96.666	/ (	(251.279	+	208.413)	/	2 )
=	96.666	/	229.846
=	0.42

Lamda Development (LTS:0NCY) 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.

Lamda Development's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	229.846	/	96.666	*	365 / 4
	=	216.97

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.

Lamda Development's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	229.846	/	141.718
	=	1.62

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.

Lamda Development Inventory Turnover Related Terms

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Lamda Development Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Lamda Development SA (LTS:0NCY) » Definitions » Inventory Turnover

Traded in Other Exchanges

LAMDA:Greece LDQ:Germany

Address

37A Kifissias Avenue (Inside Golden Hall), Maroussi, GRC, 15123

Website

https://www.lamdadev.com

Lamda Development SA is a holding company specializing in real estate development, investment, and management. The company's development portfolio includes three commercial and leisure centers, namely The Mall Athens, Golden Hall, and Mediterranean Cosmos; office buildings, and residential complexes. The company's investment portfolio is located in Greece and is mostly in the retail industry. In addition, Lamda Development develops land, builds marinas, maintains yachts, and provides refurbishing and airport services.

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