Lisi (XPAR:FII) Inventory Turnover : 1.01 (As of Dec. 2023)

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What is Lisi 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. Lisi's Cost of Goods Sold for the six months ended in Dec. 2023 was €436 Mil. Lisi's Average Total Inventories for the quarter that ended in Dec. 2023 was €433 Mil. Lisi's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Lisi's Days Inventory for the six months ended in Dec. 2023 was 181.15.

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. Lisi's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.51.

Lisi Inventory Turnover Historical Data

The historical data trend for Lisi'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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Lisi Inventory Turnover Chart

Lisi Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.47

1.96

1.78

1.99

2.10

Lisi Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															0.86	0.97	0.97	1.07	1.01

Lisi Inventory Turnover Calculation

Lisi'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 )
=	879.178	/ (	(400.298	+	437.323)	/	2 )
=	879.178	/	418.8105
=	2.10

Lisi'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	435.88	/ (	(427.991	+	437.323)	/	2 )
=	435.88	/	432.657
=	1.01

Lisi (XPAR:FII) 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.

Lisi'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
	=	432.657	/	435.88	*	365 / 2
	=	181.15

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.

Lisi'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 )
	=	432.657	/	856.58
	=	0.51

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.

Lisi Inventory Turnover Related Terms

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Lisi (XPAR:FII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Lisi SA (XPAR:FII) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

LSIIF:USA 0EKE:UK LI3:Germany

Address

6 Rue Juvenal Viellard, Grandvillars, Belfort Cedex, CS 70431, Belfort, FRA, 90008

Website

https://www.lisi-group.com

Lisi SA primarily designs, manufactures, and markets fasteners and other components for the aerospace and vehicular sectors. The company has three operating segments: Aerospace, Automotive, and Medical. Products are manufactured to serve as original or replacement equipment. They are distributed internationally and may undergo customization for Lisi's major clients. The Medical segment creates fasteners, implants, and other instruments to help support the human body, and is responsible for roughly 5% of sales. France accounts for roughly one third of sales, European Union accounts for another one third of sales, and the rest of the world makes up the remainder.

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