GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Leggett & Platt Inc (NYSE:LEG) » Definitions » Total Inventories

LEG (Leggett & Platt) Total Inventories : $723 Mil (As of Dec. 2024)


View and export this data going back to 1979. Start your Free Trial

What is Leggett & Platt Total Inventories?

Leggett & Platt's total inventories for the quarter that ended in Dec. 2024 was $723 Mil. Leggett & Platt's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $739 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Leggett & Platt's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-14.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Leggett & Platt's Days Inventory for the three months ended in Dec. 2024 was 76.51.

Inventory Turnover measures how fast the company turns over its inventory within a year. Leggett & Platt's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.19.

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. Leggett & Platt's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.70.


Leggett & Platt Total Inventories Historical Data

The historical data trend for Leggett & Platt'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.

* Premium members only.

Leggett & Platt Total Inventories Chart

Leggett & Platt Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 691.50 993.20 907.50 819.70 722.60

Leggett & Platt 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 819.70 807.40 755.40 754.40 722.60

Leggett & Platt Total Inventories Calculation

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.


Leggett & Platt  (NYSE:LEG) 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.

Leggett & Platt'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)
=(350.2+0.75 * 503+0.5 * 722.6-2971.4
-0-0.8)/134.400
=-14.01

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Leggett & Platt'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
=738.5/880.8*365 / 4
=76.51

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Leggett & Platt'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 )
=880.8 / 738.5
=1.19

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.

Leggett & Platt'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 )
=738.5 / 1056.4
=0.70

* 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.


Leggett & Platt Total Inventories Related Terms

Thank you for viewing the detailed overview of Leggett & Platt's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.


Leggett & Platt Business Description

Traded in Other Exchanges
Address
No. 1 Leggett Road, Carthage, MO, USA, 64836
Leggett & Platt Inc designs and produces engineered components and products found in homes and automobiles. It operates its business through three segments namely Bedding Products, Specialized Products, and Furniture, Flooring, and Textile Products. It generates the majority of its revenue from Bedding Products. Serving a broad suite of customers around the world, Leggett & Platt's products include bedding components, automotive seat support, and lumbar systems, specialty bedding foam and private label finished mattresses, components for home furniture, and work furniture, flooring underlayment, adjustable beds, and various other products.
Executives
Benjamin Michael Burns officer: SVP-Business Support Services NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Srikanth Padmanabhan director 500 JACKSON STREET, COLUMBUS IN 47201
Karl G Glassman director, officer: Executive Vice President LEGGETT & PLATT, INCORPORATED, NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Ryan Michael Kleiboeker officer: SVP-Chief Strategic Plan. Off. NO.1 LEGGETT ROAD, CARTHAGE MO 64836
Mark A Blinn director 5215 N. O'CONNOR BLVD., SUITE 2300, IRVING TX 75039
Phoebe A Wood director PO BOX 1080, LOUISVILLE KY 40201
Scott S Douglas officer: SVP-Gen. Counsel and Secretary NO 1 LEGGETT ROAD, CARTHAGE MO 64836
Angela Barbee director NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
J Mitchell Dolloff director, officer: President and COO NO.1 LEGGETT ROAD, CARTHAGE MO 64836
James Tyson Hagale officer: SVP, Pres. - Bedding Products NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Christina Ptasinski officer: SVP - Chief HR Officer NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Steven K Henderson officer: Executive Vice President NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Susan R Mccoy officer: SVP - Investor Relations NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Tammy M Trent officer: SVP - Chief Accounting Officer NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Jeffrey L. Tate officer: Executive Vice President - CFO 2211 H.H. DOW WAY, MIDLAND MI 48674