Leggett & Platt (Leggett & Platt) Days Inventory : 82.48 (As of Dec. 2023)

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What is Leggett & Platt Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Leggett & Platt's Average Total Inventories for the three months ended in Dec. 2023 was $827 Mil. Leggett & Platt's Cost of Goods Sold for the three months ended in Dec. 2023 was $915 Mil. Hence, Leggett & Platt's Days Inventory for the three months ended in Dec. 2023 was 82.48.

The historical rank and industry rank for Leggett & Platt's Days Inventory or its related term are showing as below:

LEG' s Days Inventory Range Over the Past 10 Years
Min: 59.61 Med: 65.34 Max: 83.19
Current: 81.32

During the past 13 years, Leggett & Platt's highest Days Inventory was 83.19. The lowest was 59.61. And the median was 65.34.

LEG's Days Inventory is ranked better than
63.05% of 406 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 105.195 vs LEG: 81.32

Leggett & Platt's Days Inventory declined from Dec. 2022 (87.23) to Dec. 2023 (82.48).

Inventory Turnover measures how fast the company turns over its inventory within a year. Leggett & Platt's Inventory Turnover for the three months ended in Dec. 2023 was 1.11.

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 three months ended in Dec. 2023 was 0.74.

Leggett & Platt Days Inventory Historical Data

The historical data trend for Leggett & Platt's Days Inventory 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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Leggett & Platt Days Inventory Chart

Leggett & Platt Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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62.19

71.80

76.21

83.19

81.42

Leggett & Platt Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															87.23	82.55	79.86	80.36	82.48

Competitive Comparison of Leggett & Platt's Days Inventory

For the Furnishings, Fixtures & Appliances subindustry, Leggett & Platt's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Leggett & Platt's Days Inventory Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Leggett & Platt's Days Inventory distribution charts can be found below:

* The bar in red indicates where Leggett & Platt's Days Inventory falls into.

Leggett & Platt Days Inventory Calculation

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 fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (907.5	+	819.7)	/	2 )	/	3871.5	*	365
=	863.6					/	3871.5	*	365
=	81.42

Leggett & Platt's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (834.9	+	819.7)	/	2 )	/	915.3	*	365 / 4
=	827.3					/	915.3	*	365 / 4
=	82.48

Leggett & Platt (NYSE:LEG) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Leggett & Platt's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	915.3	/	827.3
	=	1.11

2. 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 three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	827.3	/	1115.1
	=	0.74

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Leggett & Platt Days Inventory Related Terms

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

Leggett & Platt (Leggett & Platt) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

LP1:Germany LP1:Germany L1EG34:Brazil

Address

No. 1 Leggett Road, Carthage, MO, USA, 64836

Website

https://www.leggett.com

Leggett & Platt Inc designs and produces engineered components and products found in most homes and automobiles. It operates its business through three segments namely Bedding Products, Specialized Products, and Furniture, Flooring and Textile 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

Ryan Michael Kleiboeker	officer: SVP-Chief Strategic Plan. Off.	NO.1 LEGGETT ROAD, CARTHAGE MO 64836
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
Karl G Glassman	director, officer: Executive Vice President	LEGGETT & PLATT, INCORPORATED, NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Angela Barbee	director	NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Benjamin Michael Burns	officer: SVP-Business Support Services	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
J Mitchell Dolloff	director, officer: President and COO	NO.1 LEGGETT ROAD, CARTHAGE MO 64836
Steven K Henderson	officer: Executive Vice President	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
Susan R Mccoy	officer: SVP - Investor Relations	NO. 1 LEGGETT ROAD, CARTHAGE MO 64836
Judy C Odom	director	2140 MERRITT DRIVE, GARLAND TX 75401
Maryelizabeth R Campbell	director	NO. 1 LEGGETT ROAD, CARTHAGE MO 64836