Lords Group Trading (LSE:LORD) Total Inventories : £49.3 Mil (As of Dec. 2023)

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What is Lords Group Trading Total Inventories?

Lords Group Trading's total inventories for the quarter that ended in Dec. 2023 was £49.3 Mil. Lords Group Trading's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was £52.2 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Lords Group Trading's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was £-0.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lords Group Trading's Days Inventory for the six months ended in Dec. 2023 was 49.37.

Inventory Turnover measures how fast the company turns over its inventory within a year. Lords Group Trading's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.70.

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. Lords Group Trading's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.22.

Lords Group Trading Total Inventories Historical Data

The historical data trend for Lords Group Trading'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.

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Lords Group Trading Total Inventories Chart

Lords Group Trading Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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40.68

40.00

38.78

53.18

49.29

Lords Group Trading Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial					38.78	45.55	53.18	55.18	49.29

Lords Group Trading 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.

Lords Group Trading (LSE:LORD) 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.

Lords Group Trading's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(19.811	+	0.75 * 68.083	+	0.5 * 49.292	-	213.291
-	0	-	1.629)	/	165.532
=	-0.72

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

Lords Group Trading's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	52.238	/	193.085	*	365 / 2
	=	49.37

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

Lords Group Trading's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	193.085	/	52.238
	=	3.70

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.

Lords Group Trading's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	52.238	/	240.049
	=	0.22

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.

Lords Group Trading Total Inventories Related Terms

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Lords Group Trading (LSE:LORD) Business Description

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7S6:Germany

Address

12-15 Hanger Green, 2nd Floor, London, GBR, W5 3EL

Website

https://www.lordsgrouptradingplc.co.uk

Lords Group Trading PLC is a distributor of building, plumbing, heating, and DIY goods. The group principally sells to local tradesmen, small to medium-sized plumbing and heating merchants, construction companies and retails directly to the public. Its operating two divisions include Merchanting: supplies building materials and DIY goods through its network of merchant businesses and online platform capabilities; Heating and Plumbing: a distributor in the UK of heating and plumbing products to a UK network of independent merchants, installers and the general public. It focused on the growing Repairs, Maintenance, and Improvement (RMI) market, and construction market. Its main clients are local tradesmen, hardware stores, plumbing and heating merchants and construction companies.

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