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LOVE (The Lovesac Co) Total Inventories : $88.3 Mil (As of Jul. 2024)


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What is The Lovesac Co Total Inventories?

The Lovesac Co's total inventories for the quarter that ended in Jul. 2024 was $88.3 Mil. The Lovesac Co's average total inventories from the quarter that ended in Apr. 2024 to the quarter that ended in Jul. 2024 was $91.5 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. The Lovesac Co's Net-Net Working Capital per share for the quarter that ended in Jul. 2024 was $-9.74.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Lovesac Co's Days Inventory for the three months ended in Jul. 2024 was 130.01.

Inventory Turnover measures how fast the company turns over its inventory within a year. The Lovesac Co's Inventory Turnover for the quarter that ended in Jul. 2024 was 0.70.

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. The Lovesac Co's Inventory-to-Revenue for the quarter that ended in Jul. 2024 was 0.58.


The Lovesac Co Total Inventories Historical Data

The historical data trend for The Lovesac Co'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.

The Lovesac Co Total Inventories Chart

The Lovesac Co Annual Data
Trend Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Total Inventories
Get a 7-Day Free Trial Premium Member Only 36.40 50.42 108.49 119.63 98.44

The Lovesac Co Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
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 104.97 116.63 98.44 94.71 88.29

The Lovesac Co 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.


The Lovesac Co  (NAS:LOVE) 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.

The Lovesac Co's Net-Net Working Capital Per Share for the quarter that ended in Jul. 2024 is

Net-Net Working Capital Per Share (Q: Jul. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(72.126+0.75 * 14.787+0.5 * 88.287-278.933
-0-0)/15.5587
=-9.74

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

The Lovesac Co's Days Inventory for the three months ended in Jul. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Jul. 2024 )/Cost of Goods Sold (Q: Jul. 2024 )*Days in Period
=91.5/64.221*365 / 4
=130.01

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

The Lovesac Co's Inventory Turnover for the quarter that ended in Jul. 2024 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Jul. 2024 ) / Average Total Inventories (Q: Jul. 2024 )
=64.221 / 91.5
=0.70

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.

The Lovesac Co's Inventory to Revenue for the quarter that ended in Jul. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Jul. 2024 ) / Revenue (Q: Jul. 2024 )
=91.5 / 156.59
=0.58

* 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.


The Lovesac Co Total Inventories Related Terms

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The Lovesac Co Business Description

Traded in Other Exchanges
N/A
Address
Two Landmark Square, Suite 300, Stamford, CT, USA, 06901
The Lovesac Co designs, manufactures and sells alternative furniture which is comprised of modular couches called sactionals and premium foam beanbag chairs called sacs. It also offers other accessories such as sactional-specific drink holders, Footsac blankets, decorative pillows, fitted seat tables, and ottomans. Its products are sold across the United States through its website or company-owned retail stores which are used in homes and offices. The majority of the firm's revenue is derived from the sale of Sactionals.
Executives
Albert Jack Krause director, officer: President and COO 2 LANDMARK SQUARE, SUITE 300, STAMFORD CT 06820
Shawn David Nelson director, officer: Chief Executive Officer 2 LANDMARK SQUARE, SUITE 300, STAMFORD CT 06820
Keith R. Siegner officer: EVP and CFO TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Andrew R Heyer director, 10 percent owner 501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019
Satori Capital, Llc 10 percent owner 2501 N. HARWOOD ST., 20TH FLOOR, DALLAS TX 75201
Vineet Mehra director 330 HUDSON STREET, 13TH FLOOR, NEW YORK NY 10013
Shirley Romig director TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Sharon M Leite director 100 PIER 1 PLACE, FT. WORTH TX 76102
Walter Field Mclallen director 1225 17TH AVE SOUTH, NASHVILLE TN 37212
Mary Fox director TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Mistral Equity Partners, Lp 10 percent owner 650 FIFTH AVENUE, 31ST FLOOR, New York NY 10019
Mistral Sac Holdings, Llc 10 percent owner 650 FIFTH AVENUE, FLOOR 10, NEW YORK NY 10019
Jared Rubin director 4300 E. FIFTH AVE., COLUMBUS OH 43219
Sac Acquisition Llc 10 percent owner 700 CANAL STREET, 4TH FLOOR, STAMFORD CT 06902
Donna Dellomo officer: Executive VP and CFO 35 SAWGRASS DRIVE, SUITE 2, BELLPORT NY 11713