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Lee Enterprises's total inventories for the quarter that ended in Dec. 2024 was $6.2 Mil. Lee Enterprises's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $5.9 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Lee Enterprises's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-97.86.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lee Enterprises's Days Inventory for the three months ended in Dec. 2024 was 149.82.
Inventory Turnover measures how fast the company turns over its inventory within a year. Lee Enterprises's Inventory Turnover for the quarter that ended in Dec. 2024 was 0.61.
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. Lee Enterprises's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.04.
The historical data trend for Lee Enterprises'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.
Lee Enterprises Annual Data | |||||||||||||||||||||
Trend | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | Sep24 | |||||||||||
Total Inventories | Get a 7-Day Free Trial |
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7.53 | 6.30 | 8.27 | 7.50 | 5.64 |
Lee Enterprises Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Total Inventories | Get a 7-Day Free Trial |
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7.64 | 6.70 | 5.97 | 5.64 | 6.23 |
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.
Lee Enterprises (NAS:LEE) 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.
Lee Enterprises's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is
Net-Net Working Capital Per Share (Q: Dec. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (6.122 | + | 0.75 * 59.539 | + | 0.5 * 6.231 | - | 657.145 |
- | 0 | - | 2.476) | / | 6.190 | ||
= | -97.86 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Lee Enterprises's Days Inventory for the three months ended in Dec. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2024 ) | / | Cost of Goods Sold (Q: Dec. 2024 ) | * | Days in Period |
= | 5.937 | / | 3.616 | * | 365 / 4 | |
= | 149.82 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Lee Enterprises's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Dec. 2024 ) | / | Average Total Inventories (Q: Dec. 2024 ) |
= | 3.616 | / | 5.937 | |
= | 0.61 |
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.
Lee Enterprises's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2024 ) | / | Revenue (Q: Dec. 2024 ) |
= | 5.937 | / | 144.562 | |
= | 0.04 |
* 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 Lee Enterprises's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Steven C. Fletcher | director | C/O LEE ENTERPRISES, INCORPORATED, 4600 EAST 53RD STREET, DAVENPORT IA 52807 |
Shaun Mcalmont | director | C/O LINCOLN EDUCATIONAL SERVICES CORP., 200 EXECUTIVE DRIVE, SUITE 340, WEST ORANGE NJ 07052 |
Moloney Herbert W Iii | director | 215 N MAIN STREET, SUITE 400, DAVENPORT IA 52801 |
Margaret R. Liberman | director | C/O LEE ENTERPRISES, INCORPORATED, 201 N. HARRISON STREET, STE. 600, DAVENPORT IA 52801 |
David T. Pearson | director | C/O VONAGE HOLDINGS CORP, 23 MAIN STREET, HOLMDEL NJ 07733 |
Jolene N. Sherman | officer: V.P. - Business Development | C/O LEE ENTERPRISES, INCORPORATED, 4600 E. 53RD STREET, DAVENPORT IA 52807 |
Joseph J Battistoni | officer: VP - Local Advertising | C/O LEE ENTERPRISES, INCORPORATED, 4600 E. 53RD STREET, DAVENPORT IA 52807 |
Astrid J Garcia | officer: VP - Human Resources & Legal | C/O LEE ENTERPRISES, INCORPORATED, 4600 E. 53RD STREET, DAVENPORT IA 52807 |
Cannell Capital Llc | 10 percent owner | 245 MERIWETHER CIRCLE, ALTA WY 83414 |
Nancy S Donovan | director | |
William E Mayer | director | C/O LEE ENTERPRISES INC, 201 N. HARRISON ST., STE. 600, DAVENPORT IA 52801 |
Ray G Farris | officer: V.P. & Group Publisher | C/O LEE ENTERPRISES, INCORPORATED, 201 N HARRISON STREET, STE. 600, DAVENPORT IA 52801 |
Gregory P Schermer | director, 10 percent owner, officer: Vice Pres.-Interactive Media | C/O LEE ENTERPRISES INCORPORATED, 215 N MAIN STREET STE 400, DAVENPORT IA 52801 |
Timothy R. Millage | officer: V.P., CFO and Treasurer | C/O LEE ENTERPRISES, INCORPORATED, 201 N HARRISON STREET, STE. 600, DAVENPORT IA 52801 |
Michael R Gulledge | officer: Vice President - Publishing | C/O LEE ENTERPRISES, INCORPORATED, 201 N. HARRISON STREET, DAVENPORT IA 52801-1939 |
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