Leidos Holdings (STU:S6IA) Inventory Turnover : 10.64 (As of Mar. 2024)

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What is Leidos Holdings 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. Leidos Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was €3,070 Mil. Leidos Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was €288 Mil. Leidos Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 10.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Leidos Holdings's Days Inventory for the three months ended in Mar. 2024 was 8.57.

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. Leidos Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.08.

Leidos Holdings Inventory Turnover Historical Data

The historical data trend for Leidos 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.

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Leidos Holdings Inventory Turnover Chart

Leidos Holdings Annual Data

Trend

Jan14

Jan15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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132.58

59.52

44.21

45.28

43.58

Leidos Holdings 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															10.86	10.66	11.11	11.07	10.64

Leidos Holdings Inventory Turnover Calculation

Leidos Holdings'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 )
=	12098.898	/ (	(270.928	+	284.27)	/	2 )
=	12098.898	/	277.599
=	43.58

Leidos Holdings'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 )
=	3070.04	/ (	(284.27	+	292.56)	/	2 )
=	3070.04	/	288.415
=	10.64

Leidos Holdings (STU:S6IA) 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.

Leidos Holdings'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
	=	288.415	/	3070.04	*	365 / 4
	=	8.57

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.

Leidos Holdings'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 )
	=	288.415	/	3657
	=	0.08

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.

Leidos Holdings Inventory Turnover Related Terms

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Leidos Holdings (STU:S6IA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Leidos Holdings Inc (STU:S6IA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

LDOS:USA S6IA:Germany L1DO34:Brazil

Address

1750 Presidents Street, Reston, VA, USA, 20190

Website

https://www.leidos.com

Leidos Holdings Inc is a technology, engineering, and science company that provides services and solutions in the defense, intelligence, civil and health markets, both domestically and internationally. Company customer includes the U.S. Department of Defense ("DoD"), the U.S. Intelligence Community, the U.S. Department of Homeland Security ("DHS"), the Federal Aviation Administration ("FAA"), the Department of Veterans Affairs ("VA"), and many other U.S. civilian, state and local government agencies, etc. The company is engaged in three reportable segments; Defense Solutions, Civil, and Health. Defense Solutions provides leading-edge and technologically advanced services, solutions, and products to a broad customer base. It generates key revenue from Defense Solutions.

Leidos Holdings (STU:S6IA) Headlines

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