What is Laird Superfood's inventory turnover?

Laird Superfood (LSF) reported inventory turnover of 3.6× in Q3 2023.

How has Laird Superfood's inventory turnover changed year-over-year?

Laird Superfood's inventory turnover increased by 21.9% year-over-year, from 3× to 3.6×.

What is the long-term trend for Laird Superfood's inventory turnover?

Over 2 years (2020 to 2022), Laird Superfood's inventory turnover has grown at a -6.4% compound annual growth rate (CAGR), from 4.4× to 3.8×.

What does inventory turnover mean?

Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.

Laird Superfood LSF Inventory turnover

Inventory turnover at other companies

Hain Celestial GroupHAIN

5.7×+1.0×

HerbalifeHLF

2.3×+0.1×

Westrock Coffee CompanyWEST

6.1×+1.6×

Black Rock Coffee Bar, Inc. Class A Common StockBRCB

91×—

Mondelez InternationalMDLZ

6.6×+0.6×

The Vita Coco Company, Inc.COCO

4.7×+0.1×

Other financials

Income statement

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Revenue$13.9M+19.6%

Gross profit$4.6M-4.9%

Operating income-$3.0M-1,286%

Net income$1.8M+1,221%

EPS (diluted)$0.11+650%

Balance sheet

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Cash & equivalents$10.5M+46.9%

Total debt$580.6K+159%

Total equity$13.5M+1.4%

Total assets$74.9M+248%

Cash flow

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Operating cash flow-$3.8M-201%

CapEx$3.9K-94.6%

Free cash flow-$3.8M-185%

Valuation

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Market cap$51.72M-22.5%

Enterprise value$41.78M-33.4%

P/S1×-0.4×

Profitability

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Gross margin18.2%-3.4pp

Operating margin-77.7%-7.9pp

Net margin-2.6%+0.7pp

FCF margin-1.6%-0.8pp

Returns & leverage

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Return on equity-10%+5.6pp

Debt / equity0×0.0×

Current ratio3.2×+0.7×

Where this comes from

Calculated from Laird Superfood’s reported figures.

total cost of revenue/inventories=3.6×

Based on trailing twelve months.

The official record: Laird Superfood’s 10-Q, filed November 9, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Laird Superfood's inventory turnover?: Laird Superfood (LSF) reported inventory turnover of 3.6× in Q3 2023.
How has Laird Superfood's inventory turnover changed year-over-year?: Laird Superfood's inventory turnover increased by 21.9% year-over-year, from 3× to 3.6×.
What is the long-term trend for Laird Superfood's inventory turnover?: Over 2 years (2020 to 2022), Laird Superfood's inventory turnover has grown at a -6.4% compound annual growth rate (CAGR), from 4.4× to 3.8×.
What does inventory turnover mean?: Trailing-twelve-month cost of revenue divided by average inventory. Measures how many times inventory is sold and replaced over the year.