Legend Power Systems (FRA:XLE1) Inventory Turnover : 0.03 (As of Mar. 2024)

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What is Legend Power Systems Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Legend Power Systems's Cost of Goods Sold for the three months ended in Mar. 2024 was €0.05 Mil. Legend Power Systems's Average Total Inventories for the quarter that ended in Mar. 2024 was €1.36 Mil. Legend Power Systems's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.03.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Legend Power Systems's Days Inventory for the three months ended in Mar. 2024 was 2,751.69.

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. Legend Power Systems's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 16.15.

Legend Power Systems Inventory Turnover Historical Data

The historical data trend for Legend Power Systems's Inventory Turnover 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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Legend Power Systems Inventory Turnover Chart

Legend Power Systems Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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1.20

1.77

1.41

0.51

Legend Power Systems Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.04	0.20	0.09	0.01	0.03

Legend Power Systems Inventory Turnover Calculation

Legend Power Systems's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	0.632	/ (	(1.204	+	1.29)	/	2 )
=	0.632	/	1.247
=	0.51

Legend Power Systems's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.045	/ (	(1.385	+	1.329)	/	2 )
=	0.045	/	1.357
=	0.03

Legend Power Systems (FRA:XLE1) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Legend Power Systems's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	1.357	/	0.045	*	365 / 4
	=	2,751.69

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.

Legend Power Systems's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	1.357	/	0.084
	=	16.15

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Legend Power Systems Inventory Turnover Related Terms

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Legend Power Systems (FRA:XLE1) Business Description

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LPSIF:USA LPS:Canada

Address

1480 Frances Street, Vancouver, BC, CAN, V5L 1Y9

Website

https://www.legendpower.com

Legend Power Systems Inc together with its subsidiaries provides electrical energy conservation solutions to commercial and industrial customers in Canada. The Company's principal business activities are the assembly, marketing and sale of a patented device which is the SmartGATE, which enables dynamic power management of an entire commercial or industrial building. Business operating segments are based on geographical location of sale and installation of the SmartGATE products: Legend Power Systems Canada and Legend Power Systems Corp - U.S. Geographically, it derives a majority of revenue from Canada and also has a presence in the United States.

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