LaSalle Hotel Properties (LaSalle Hotel Properties) Total Inventories : $19 Mil (As of Sep. 2018)

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What is LaSalle Hotel Properties Total Inventories?

LaSalle Hotel Properties's total inventories for the quarter that ended in Sep. 2018 was $19 Mil. LaSalle Hotel Properties's average total inventories from the quarter that ended in Jun. 2018 to the quarter that ended in Sep. 2018 was $17 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. LaSalle Hotel Properties's Net-Net Working Capital per share for the quarter that ended in Sep. 2018 was $-9.70.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. LaSalle Hotel Properties's Days Inventory for the three months ended in Sep. 2018 was 8.13.

Inventory Turnover measures how fast the company turns over its inventory within a year. LaSalle Hotel Properties's Inventory Turnover for the quarter that ended in Sep. 2018 was 11.22.

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. LaSalle Hotel Properties's Inventory-to-Revenue for the quarter that ended in Sep. 2018 was 0.06.

LaSalle Hotel Properties Total Inventories Historical Data

The historical data trend for LaSalle Hotel Properties'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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LaSalle Hotel Properties Total Inventories Chart

LaSalle Hotel Properties Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Total Inventories

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15.39

35.61

54.07

21.08

49.46

LaSalle Hotel Properties Quarterly Data
	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18
Total Inventories	Get a 7-Day Free Trial															41.64	49.46	18.19	14.78	18.68

LaSalle Hotel Properties 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.

LaSalle Hotel Properties (NYSE:LHOpJ.PFD) 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.

LaSalle Hotel Properties's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2018 is

	Net-Net Working Capital Per Share (Q: Sep. 2018 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(248.164	+	0.75 * 41.732	+	0.5 * 18.681	-	1382.464
-	0.104	-	3.341)	/	113.09
=	-9.70

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

LaSalle Hotel Properties's Days Inventory for the three months ended in Sep. 2018 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2018 )	/	Cost of Goods Sold (Q: Sep. 2018 )	*	Days in Period
	=	16.731	/	187.78	*	365 / 4
	=	8.13

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

LaSalle Hotel Properties's Inventory Turnover for the quarter that ended in Sep. 2018 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2018 )	/	Average Total Inventories (Q: Sep. 2018 )
	=	187.78	/	16.731
	=	11.22

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.

LaSalle Hotel Properties's Inventory to Revenue for the quarter that ended in Sep. 2018 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2018 )	/	Revenue (Q: Sep. 2018 )
	=	16.731	/	292.41
	=	0.06

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.

LaSalle Hotel Properties Total Inventories Related Terms

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LaSalle Hotel Properties (LaSalle Hotel Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » LaSalle Hotel Properties (NYSE:LHOpJ.PFD) » Definitions » Total Inventories

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Address

Website

http://www.lasallehotels.com

LaSalle Hotel Properties is a real estate investment trust that primarily buys, owns, redevelops, and leases upscale and luxury full-service hotels. These hotels are located in convention, resort, and major urban business markets in certain states across the United States. The primary urban markets include Boston, Chicago, Los Angeles, New York, San Diego, San Francisco, Seattle, and Washington, DC. The company's assets are held by and managed through LaSalle Hotel Operating Partnership, L.P. The firm is the sole general partner of the operating partnership. The company derives its income from its hotel operating revenue, its only segment.

Executives

Jeffrey L Martin	director	7550 WISCONSIN AVE, 10TH FLOOR, BETHESDA MD 20814
Kenneth G Fuller	officer: EVP, CFO, Secretary, Treasurer	7550 WISCONSIN AVE, 10TH FLOOR, BETHESDA MD 20814
Denise M Coll	director	3 BETHESDA METRO CENTER, SUITE 1200, BETHESDA MD 20814
Jeffrey T. Foland	director	P.O. BOX 66100 - HDQLD, CHICAGO IL 60666
Bruce A Riggins	officer: CFO, EVP and Secretary	7550 WISCONSIN AVE, 10TH FLOOR, BETHESDA MD 20814
Alfred L. Young	officer: EVP and COO	3 BETHESDA METRO CENTER, SUITE 1200, BETHESDA MD 20814
Julio E Morales	officer: Chief Accounting Officer	3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814
Jon E Bortz	director, officer: Chairman, President and CEO	4747 BETHESDA AVENUE, SUITE 1100, BETHESDA MD 20814
Donald A Washburn	director	222 SW HARRISON STREET, APT 23C, PORTLAND OR 97201
Leonard Darryl Hartley	director	PGI, 44 CANAL CENTER PLAZA SECOND FL, ALEXANDRIA VA 22314
Stuart L Scott	director	JONES LANG LASALLE INCORPORATED, 200 E RANDOLPH DR, CHICAGO IL 60601
William S Mccalmont	director	3300 DREXEL, DALLAS TX 75205
Michael D Barnello	officer: Chief Operating Officer	LASALLE HOTEL PROPERTIES, 4800 MONTGOMERY LANE STE M25, BETHESDA MD 20814
Donald S Perkins	director	1319 MARQUETTE DR, ROMEOVILLE IL 60441
Kelly L Kuhn	director	84 INVERNESS CIRCLE EAST, ENGLEWOOD CO 80112