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Lazydays Holdings's total inventories for the quarter that ended in Sep. 2024 was $310.7 Mil. Lazydays Holdings's average total inventories from the quarter that ended in Jun. 2024 to the quarter that ended in Sep. 2024 was $312.5 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Lazydays Holdings's Net-Net Working Capital per share for the quarter that ended in Sep. 2024 was $-33.90.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lazydays Holdings's Days Inventory for the three months ended in Sep. 2024 was 169.60.
Inventory Turnover measures how fast the company turns over its inventory within a year. Lazydays Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 was 0.54.
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. Lazydays Holdings's Inventory-to-Revenue for the quarter that ended in Sep. 2024 was 1.46.
The historical data trend for Lazydays Holdings's Total Inventories 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.
Lazydays Holdings Annual Data | |||||||||||||||||
Trend | Nov15 | Nov16 | Nov17 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Total Inventories | Get a 7-Day Free Trial | 160.86 | 116.27 | 242.91 | 378.88 | 456.09 |
Lazydays Holdings Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Total Inventories | Get a 7-Day Free Trial |
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385.33 | 456.09 | 346.65 | 314.38 | 310.67 |
Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.
Lazydays Holdings (NAS:GORV) Total Inventories Explanation
Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.
1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.
Lazydays Holdings's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2024 is
Net-Net Working Capital Per Share (Q: Sep. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (13.536 | + | 0.75 * 23.642 | + | 0.5 * 310.671 | - | 605.018 |
- | 62.363 | - | 0) | / | 14.184 | ||
= | -33.90 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Lazydays Holdings's Days Inventory for the three 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 |
= | 312.5265 | / | 168.152 | * | 365 / 4 | |
= | 169.60 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Lazydays Holdings's Inventory Turnover for the quarter that ended in Sep. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Sep. 2024 ) | / | Average Total Inventories (Q: Sep. 2024 ) |
= | 168.152 | / | 312.5265 | |
= | 0.54 |
4. 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.
Lazydays Holdings'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 ) |
= | 312.5265 | / | 213.465 | |
= | 1.46 |
* 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
Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.
When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.
Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.
Thank you for viewing the detailed overview of Lazydays Holdings's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
John F North | director, officer: Chief Executive Officer | 150 N. BARTLETT STREET, MEDFORD OR 97501 |
Kelly Porter | officer: Chief Financial Officer | 4042 PARK OAKS BLVD, SUITE 350, TAMPA FL 33610 |
Coliseum Capital Management, Llc | director, 10 percent owner | 105 ROWAYTON AVENUE, ROWAYTON CT 06853 |
Susan Scarola | director | 4042 PARK OAKS BLVD, SUITE 350, TAMPA FL 33610 |
Suzanne Tager | director | 4042 PARK OAKS BLVD, SUITE 350, TAMPA FL 33610 |
David Kanen | 10 percent owner, other: See Explanation of Responses | 6429 NW 65TH WAY, PARKLAND FL 33067 |
Nicholas J Tomashot | officer: Chief Financial Officer | C/O LAZYDAYS HOLDINGS, INC., 6130 LAZY DAYS BOULEVARD, SEFFNER FL 33584 |
B. Riley Financial, Inc. | 10 percent owner | 11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025 |
Philotimo Fund, Lp | other: See Explanation of Responses | 5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076 |
Philotimo Focused Growth & Income Fund | other: See Explanation of Responses | 5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076 |
Kanen Wealth Management Llc | 10 percent owner, other: See Explanation of Responses | 5850 CORAL RIDGE DRIVE, SUITE 309, CORAL SPRINGS FL 33076 |
Bryant R Riley | 10 percent owner | C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367 |
Brf Investments, Llc | 10 percent owner | 11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025 |
B. Riley Principal Investments, Llc | 10 percent owner | 11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025 |
B. Riley Securities, Inc. | 10 percent owner | 11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025 |
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