Legacy Inventory Turnover from 2010 to 2024

LEGH Stock  USD 19.78  0.14  0.70%   
Legacy Housing's Inventory Turnover is increasing with slightly volatile movements from year to year. Inventory Turnover is predicted to flatten to 2.57. Inventory Turnover is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. View All Fundamentals
 
Inventory Turnover  
First Reported
2010-12-31
Previous Quarter
3.058687
Current Value
2.57
Quarterly Volatility
0.69478522
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Legacy Housing financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Legacy main balance sheet or income statement drivers, such as Tax Provision of 9.4 M, Net Interest Income of 2.3 M or Interest Income of 3 M, as well as many exotic indicators such as Price To Sales Ratio of 1.86, Dividend Yield of 0.15 or PTB Ratio of 1.87. Legacy financial statements analysis is a perfect complement when working with Legacy Housing Valuation or Volatility modules.
  
This module can also supplement Legacy Housing's financial leverage analysis and stock options assessment as well as various Legacy Housing Technical models . Check out the analysis of Legacy Housing Correlation against competitors.

Latest Legacy Housing's Inventory Turnover Growth Pattern

Below is the plot of the Inventory Turnover of Legacy Housing Corp over the last few years. It is a ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management. Legacy Housing's Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Legacy Housing's overall financial position and show how it may be relating to other accounts over time.
Inventory Turnover10 Years Trend
Slightly volatile
   Inventory Turnover   
       Timeline  

Legacy Inventory Turnover Regression Statistics

Arithmetic Mean2.94
Geometric Mean2.87
Coefficient Of Variation23.66
Mean Deviation0.52
Median2.64
Standard Deviation0.69
Sample Variance0.48
Range2.5948
R-Value0.44
Mean Square Error0.42
R-Squared0.20
Significance0.1
Slope0.07
Total Sum of Squares6.76

Legacy Inventory Turnover History

2024 2.57
2023 3.06
2022 4.68
2021 2.77
2020 4.03
2019 3.85
2018 2.55

About Legacy Housing Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Legacy Housing income statement, its balance sheet, and the statement of cash flows. Legacy Housing investors use historical funamental indicators, such as Legacy Housing's Inventory Turnover, to determine how well the company is positioned to perform in the future. Although Legacy Housing investors may use each financial statement separately, they are all related. The changes in Legacy Housing's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Legacy Housing's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Legacy Housing Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Legacy Housing. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Inventory Turnover 3.06  2.57 
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Legacy Housing in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Legacy Housing's short interest history, or implied volatility extrapolated from Legacy Housing options trading.

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When determining whether Legacy Housing Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Legacy Housing's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Legacy Housing Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Legacy Housing Corp Stock:
Check out the analysis of Legacy Housing Correlation against competitors.
Note that the Legacy Housing Corp information on this page should be used as a complementary analysis to other Legacy Housing's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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When running Legacy Housing's price analysis, check to measure Legacy Housing's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Legacy Housing is operating at the current time. Most of Legacy Housing's value examination focuses on studying past and present price action to predict the probability of Legacy Housing's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Legacy Housing's price. Additionally, you may evaluate how the addition of Legacy Housing to your portfolios can decrease your overall portfolio volatility.
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Is Legacy Housing's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Legacy Housing. If investors know Legacy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Legacy Housing listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.66)
Earnings Share
2.17
Revenue Per Share
7.757
Quarterly Revenue Growth
(0.55)
Return On Assets
0.0856
The market value of Legacy Housing Corp is measured differently than its book value, which is the value of Legacy that is recorded on the company's balance sheet. Investors also form their own opinion of Legacy Housing's value that differs from its market value or its book value, called intrinsic value, which is Legacy Housing's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Legacy Housing's market value can be influenced by many factors that don't directly affect Legacy Housing's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Legacy Housing's value and its price as these two are different measures arrived at by different means. Investors typically determine if Legacy Housing is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Legacy Housing's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.