Lumine Group (TSXV:LMN) Inventory Turnover : 137.01 (As of Mar. 2024)

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What is Lumine 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. Lumine Group's Cost of Goods Sold for the three months ended in Mar. 2024 was C$100.9 Mil. Lumine Group's Average Total Inventories for the quarter that ended in Mar. 2024 was C$0.7 Mil. Lumine Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 137.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lumine Group's Days Inventory for the three months ended in Mar. 2024 was 0.67.

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. Lumine Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.

Lumine Group Inventory Turnover Historical Data

The historical data trend for Lumine 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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Lumine Group Inventory Turnover Chart

Lumine Group Annual Data

Trend

Dec21

Dec22

Dec23

Inventory Turnover

4,858.52

3,282.45

913.81

Lumine Group Quarterly Data
	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial					175.26	141.75	134.78	148.61	137.01

Lumine Group Inventory Turnover Calculation

Lumine Group'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 )
=	356.843	/ (	(0.082	+	0.699)	/	2 )
=	356.843	/	0.3905
=	913.81

Lumine Group'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 )
=	100.909	/ (	(0.699	+	0.774)	/	2 )
=	100.909	/	0.7365
=	137.01

Lumine Group (TSXV:LMN) 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.

Lumine Group'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
	=	0.7365	/	100.909	*	365 / 4
	=	0.67

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.

Lumine Group'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 )
	=	0.7365	/	190.992
	=	0.00

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.

Lumine Group Inventory Turnover Related Terms

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Lumine Group (TSXV:LMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Lumine Group Inc (TSXV:LMN) » Definitions » Inventory Turnover

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Traded in Other Exchanges

LMGIF:USA

Address

5060 Spectrum Way, Suite 100, Mississauga, ON, CAN, L4W 5N5

Website

https://www.luminegroup.com

Lumine Group Inc acquires, strengthens, and grows vertical market software businesses in the Communications and Media industry. The company's software solutions are designed to enable customers to boost productivity and operate more cost effectively, innovate more rapidly to address rapidly changing market needs and opportunities, grow top-line sales, improve customer service, and reduce customer churn.

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