Lenta IPJSC (MIC:LENT) Inventory Turnover: 3.88 (As of Jun. 2023)

What is Lenta IPJSC Inventory Turnover?

Lenta IPJSC MIC:LENT +0.94% 16 Inventory Turnover is 3.88 as of Jun. 2023. GuruFocus rates MIC:LENT 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. Lenta IPJSC's Cost of Goods Sold for the six months ended in Jun. 2023 was ₽205,160 Mil. Lenta IPJSC's Average Total Inventories for the quarter that ended in Jun. 2023 was ₽52,933 Mil. Lenta IPJSC's Inventory Turnover for the quarter that ended in Jun. 2023 was 3.88.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lenta IPJSC's Days Inventory for the six months ended in Jun. 2023 was 47.09.

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. Lenta IPJSC's Inventory-to-Revenue for the quarter that ended in Jun. 2023 was 0.21.

Lenta IPJSC (MIC:LENT) 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.

Lenta IPJSC's Days Inventory for the six months ended in Jun. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2023 )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
	=	52933.157	/	205159.808	*	365 / 2
	=	47.09

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.

Lenta IPJSC's Inventory to Revenue for the quarter that ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2023 )	/	Revenue (Q: Jun. 2023 )
	=	52933.157	/	257152.928
	=	0.21

* 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.

Lenta IPJSC Inventory Turnover Related Terms

Lenta IPJSC Inventory Turnover Historical Data

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The historical data trend for Lenta IPJSC's Inventory Turnover can be seen below:

Lenta IPJSC Inventory Turnover Chart

Lenta IPJSC Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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8.91

8.28

8.14

8.54

7.97

Lenta IPJSC Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23
Inventory Turnover	Get a 7-Day Free Trial															4.42	4.14	4.50	3.88	3.88

16GF Score

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Lenta IPJSC Inventory Turnover Calculation

Lenta IPJSC's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	372280.247	/ (	(42071.533	+	51352.966)	/	2 )
=	372280.247	/	46712.2495
=	7.97

Lenta IPJSC's Inventory Turnover for the quarter that ended in Jun. 2023 is calculated as

	Inventory Turnover (Q: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2023 )	/ (	(Total Inventories (Q: Jun. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )
=	205159.808	/ (	(0	+	52933.157)	/	1 )
=	205159.808	/	52933.157
=	3.88

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 3.88 mean?

Lenta IPJSC (MIC:LENT) has a Inventory Turnover of 3.88 as of Jun. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Lenta IPJSC and its competitors.

Is Lenta IPJSC's Inventory Turnover too high?

Lenta IPJSC's current Inventory Turnover is 3.88. Overall, Lenta IPJSC has a GF Score™ of 16/100, reflecting its overall financial health beyond just this single metric.

How does Lenta IPJSC's Inventory Turnover compare to DDS and M?

Lenta IPJSC's Inventory Turnover of 3.88 can be compared against companies in the Retail - Cyclical 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 Retail - Cyclical company?

A good Inventory Turnover depends on the Retail - Cyclical 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 Lenta IPJSC and its competitors. Lenta IPJSC's current Inventory Turnover is 3.88. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Lenta IPJSC stock overvalued right now?

Lenta IPJSC (MIC:LENT) has a current Inventory Turnover of 3.88. The current Inventory Turnover is 3.88. Lenta IPJSC's 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 Lenta IPJSC (MIC:LENT), the current Inventory Turnover is 3.88 as of Jun. 2023. 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.

Lenta IPJSC Business Description

Industry Consumer Cyclical Retail - Cyclical

Comparable Companies MIC:DSKY TSE:8267 PHS:SM MEX:LIVEPOL1 JSE:SHP TSE:9005 BKK:CRC LSE:MKS DDS XSGO:FALABELLA XSGO:CENCOSUD TSE:3099 SHSE:601933 TSE:7453 SHSE:600655 M JSE:PPH LIM:INRETC1 MEX:GSANBORB-1 JSE:WHL

Address 112B & 119 Savushkina Street, Saint Petersburg, RUS, 197374

Website https://corp.lenta.com

Lenta IPJSC, formerly Lenta PLC operates a chain of retail stores in Russia. The company operates more than 200 hypermarkets in Russia. It also has more than 100 supermarkets in Moscow and St. Petersburg. Through its hypermarkets and supermarkets, it sells products varying from household goods, daily need products, food, and drinks. Revenues are generated by the sale of these products directly to the consumer.

16GF Score

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