Lindsay Inventory Turnover from 2010 to 2024

LNN Stock  USD 130.98  0.23  0.18%   
Lindsay Inventory Turnover yearly trend continues to be very stable with very little volatility. Inventory Turnover is likely to drop to 2.56. 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
2.69349899
Current Value
2.56
Quarterly Volatility
1.69869884
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Lindsay financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Lindsay's main balance sheet or income statement drivers, such as Depreciation And Amortization of 18.6 M, Interest Expense of 3.4 M or Total Revenue of 349.2 M, as well as many indicators such as Price To Sales Ratio of 1.28, Dividend Yield of 0.007 or PTB Ratio of 2.42. Lindsay financial statements analysis is a perfect complement when working with Lindsay Valuation or Volatility modules.
  
Check out the analysis of Lindsay Correlation against competitors.
To learn how to invest in Lindsay Stock, please use our How to Invest in Lindsay guide.

Latest Lindsay's Inventory Turnover Growth Pattern

Below is the plot of the Inventory Turnover of Lindsay 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. Lindsay's Inventory Turnover historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Lindsay'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  

Lindsay Inventory Turnover Regression Statistics

Arithmetic Mean4.48
Geometric Mean4.19
Coefficient Of Variation37.93
Mean Deviation1.44
Median4.33
Standard Deviation1.70
Sample Variance2.89
Range5.0571
R-Value(0.93)
Mean Square Error0.44
R-Squared0.86
Slope(0.35)
Total Sum of Squares40.40

Lindsay Inventory Turnover History

2024 2.56
2023 2.69
2022 2.96
2021 2.95
2020 2.87
2019 3.07
2018 3.57

About Lindsay Financial Statements

Lindsay investors utilize fundamental indicators, such as Inventory Turnover, to predict how Lindsay Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Inventory Turnover 2.69  2.56 

Pair Trading with Lindsay

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Lindsay position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Lindsay will appreciate offsetting losses from the drop in the long position's value.

Moving together with Lindsay Stock

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Moving against Lindsay Stock

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The ability to find closely correlated positions to Lindsay could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lindsay when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Lindsay - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Lindsay to buy it.
The correlation of Lindsay is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lindsay moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lindsay moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Lindsay can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Lindsay offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Lindsay'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 Lindsay Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Lindsay Stock:
Check out the analysis of Lindsay Correlation against competitors.
To learn how to invest in Lindsay Stock, please use our How to Invest in Lindsay guide.
You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Is Agricultural & Farm Machinery space 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 Lindsay. If investors know Lindsay 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 Lindsay 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
(0.33)
Dividend Share
1.41
Earnings Share
6.01
Revenue Per Share
55.309
Quarterly Revenue Growth
(0.07)
The market value of Lindsay is measured differently than its book value, which is the value of Lindsay that is recorded on the company's balance sheet. Investors also form their own opinion of Lindsay's value that differs from its market value or its book value, called intrinsic value, which is Lindsay'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 Lindsay's market value can be influenced by many factors that don't directly affect Lindsay'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 Lindsay's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lindsay is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lindsay'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.