LuxUrban Hotels (LuxUrban Hotels) Inventory Turnover : 0.00 (As of Dec. 2023)

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What is LuxUrban Hotels 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. LuxUrban Hotels's Cost of Goods Sold for the three months ended in Dec. 2023 was $41.9 Mil. LuxUrban Hotels's Average Total Inventories for the quarter that ended in Dec. 2023 was $0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LuxUrban Hotels's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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. LuxUrban Hotels's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.00.

LuxUrban Hotels Inventory Turnover Historical Data

The historical data trend for LuxUrban Hotels'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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LuxUrban Hotels Inventory Turnover Chart

LuxUrban Hotels Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

LuxUrban Hotels Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial										-	-	-	-	-

LuxUrban Hotels Inventory Turnover Calculation

LuxUrban Hotels's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	104.465	/ (	(0	+	0)	/	1 )
=	104.465	/	0
=	N/A

LuxUrban Hotels's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	41.934	/ (	(0	+	0)	/	1 )
=	41.934	/	0
=	N/A

LuxUrban Hotels (NAS:LUXH) 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.

LuxUrban Hotels's Days Inventory for the three 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
	=	0	/	41.934	*	365 / 4
	=	0.00

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.

LuxUrban Hotels'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 )
	=	0	/	27.513
	=	0.00

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.

LuxUrban Hotels Inventory Turnover Related Terms

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LuxUrban Hotels (LuxUrban Hotels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » LuxUrban Hotels Inc (NAS:LUXH) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

2125 Biscayne Boulevard, Suite 253, Miami, FL, USA, 33137

Website

https://www.luxurbanhotels.com

LuxUrban Hotels Inc utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in metropolitan cities. It identifies, acquires, manages, and markets hotel rooms to business and vacation travelers under the consumer brand, LuxUrban. It manages a portfolio of hotel rooms in New York, Washington D.C., Miami Beach, New Orleans and Los Angeles.

Executives

Brian Ferdinand	director, officer: Chief Executive Officer	224 MUTTONTOWN EASTWOODS ROAD, MUTTONTOWN NY 11791
Leonard Toboroff	director	39 N MOORE ST, STE 6B, NEW YORK NY 10013
Kevin Michael Potts	officer: Chief Revenue Officer	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Donald Engel	director	570 PARK AVE, NEW YORK NY 10065
Shanoop Kothari	officer: Chief Financial Officer	2865 SCOTT STREET, SUITE 107, VISTA CA 92081
Aimee Nelson	director	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Jeffrey Webb	director	6589 GREEN SHADOWS, STE 6B, MEMPHIS TN 38119
David Gurfein	officer: President & COO	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Karl Rothman	officer: Chief Accounting Officer	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
Jimmie Chatmon	director, officer: Executive Vice President	2125 BISCAYNE BLVD, MIAMI FL 33137
Kevin Mikolashek	officer: Chief Compliance Officer	2125 BISCAYNE BLVD SUITE 253, MIAMI FL 33137
David Edward Berg	director	2125 BISCAYNE BLVD., SUITE 253, MIAMI FL 33137