Lamb Weston Holdings Inc (LW)
Inventory turnover
| May 26, 2024 | Feb 25, 2024 | Nov 26, 2023 | Aug 27, 2023 | May 28, 2023 | Feb 26, 2023 | Nov 27, 2022 | Aug 28, 2022 | May 29, 2022 | Feb 27, 2022 | Nov 28, 2021 | Aug 29, 2021 | May 30, 2021 | Feb 28, 2021 | Nov 29, 2020 | Aug 30, 2020 | May 31, 2020 | Feb 23, 2020 | Nov 24, 2019 | Aug 25, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 5,403,700 | 5,526,900 | 5,274,100 | 4,851,200 | 4,476,500 | 3,984,600 | 3,818,400 | 3,705,900 | 3,661,400 | 3,553,600 | 3,527,800 | 3,392,000 | 3,203,000 | 3,108,500 | 3,088,100 | 3,157,500 | 3,241,200 | 3,279,800 | 3,237,000 | 3,147,600 |
| Inventory | US$ in thousands | 1,138,600 | 1,210,000 | 1,153,600 | 872,900 | 932,000 | 837,400 | 822,100 | 635,500 | 574,400 | 634,500 | 613,900 | 469,200 | 513,500 | 571,500 | 630,500 | 470,600 | 486,700 | 597,300 | 636,000 | 466,500 |
| Inventory turnover | 4.75 | 4.57 | 4.57 | 5.56 | 4.80 | 4.76 | 4.64 | 5.83 | 6.37 | 5.60 | 5.75 | 7.23 | 6.24 | 5.44 | 4.90 | 6.71 | 6.66 | 5.49 | 5.09 | 6.75 |
May 26, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $5,403,700K ÷ $1,138,600K
= 4.75
The inventory turnover of Lamb Weston Holdings Inc has fluctuated over the past few quarters. From Nov 24, 2019, to May 26, 2024, inventory turnover has ranged from a low of 4.57 to a high of 7.23. The average inventory turnover for this period is approximately 5.66.
A higher inventory turnover indicates that the company is selling its inventory more frequently and efficiently. On the other hand, a lower inventory turnover may suggest that Lamb Weston Holdings Inc is holding onto excess inventory, which could tie up capital and increase the risk of obsolescence.
Overall, the trend in the inventory turnover of Lamb Weston Holdings Inc shows some variability, but the company generally maintains a healthy turnover ratio, which is crucial for managing inventory levels effectively and optimizing working capital efficiency.
Peer comparison
May 26, 2024
May 26, 2024