Friedman Industries (Friedman Industries) Days Inventory : 94.42 (As of Dec. 2023)

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What is Friedman Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Friedman Industries's Average Total Inventories for the three months ended in Dec. 2023 was $109.2 Mil. Friedman Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $105.5 Mil. Hence, Friedman Industries's Days Inventory for the three months ended in Dec. 2023 was 94.42.

The historical rank and industry rank for Friedman Industries's Days Inventory or its related term are showing as below:

FRD' s Days Inventory Range Over the Past 10 Years
Min: 55.78 Med: 126.13 Max: 196.38
Current: 79.58

During the past 13 years, Friedman Industries's highest Days Inventory was 196.38. The lowest was 55.78. And the median was 126.13.

FRD's Days Inventory is ranked better than
54.7% of 574 companies
in the Steel industry
Industry Median: 85.62 vs FRD: 79.58

Friedman Industries's Days Inventory increased from Dec. 2022 (80.45) to Dec. 2023 (94.42). It might indicate that Friedman Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Friedman Industries's Inventory Turnover for the three months ended in Dec. 2023 was 0.97.

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. Friedman Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.94.

Friedman Industries Days Inventory Historical Data

The historical data trend for Friedman Industries's Days Inventory 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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Friedman Industries Days Inventory Chart

Friedman Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

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98.86

110.85

127.61

77.68

55.78

Friedman Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															80.45	75.95	70.68	75.11	94.42

Competitive Comparison of Friedman Industries's Days Inventory

For the Steel subindustry, Friedman Industries's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Friedman Industries's Days Inventory Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Friedman Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where Friedman Industries's Days Inventory falls into.

Friedman Industries Days Inventory Calculation

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

Friedman Industries's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (67.946	+	86.246)	/	2 )	/	504.457	*	365
=	77.096					/	504.457	*	365
=	55.78

Friedman Industries's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (104.501	+	113.901)	/	2 )	/	105.531	*	365 / 4
=	109.201					/	105.531	*	365 / 4
=	94.42

Friedman Industries (AMEX:FRD) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Friedman Industries's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	105.531	/	109.201
	=	0.97

2. 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.

Friedman Industries's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	109.201	/	115.973
	=	0.94

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Friedman Industries Days Inventory Related Terms

Thank you for viewing the detailed overview of Friedman Industries's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Friedman Industries (Friedman Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Friedman Industries Inc (AMEX:FRD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

X36:Germany

Address

1121 Judson Road, Suite 124, Longview, TX, USA, 75601

Website

https://www.friedmanindustries.com

Friedman Industries Inc is engaged in the manufacturing and processing of steel products. The company's operating segments include Coil Products and Tubular Products. It generates maximum revenue from the Coil Products segment. The company's products and services include Temper Pass, Cut-To-Length, Whole Coils, Toll Processing, Electric Resistance Welded Pipe (ERW), New Mill Secondary, and Pipe Finishing Services.

Executives

Max Alan Reichenthal	director	865 LOCKWOOD DRIVE, HOUSTON TX 77020
Joel Spira	director	THREE GREENWAY PLAZA, SUITE 1750, HOUSTON TX 77046
Mike J Taylor	director	P.O. BOX 2192, LONGVIEW TX 75606
Sharon L Taylor	director	4200 B STONE RD, KILGORE TX 75662
Alex Larue	officer: VP - Secretary & Treasurer	7 PEBBLE CREEK DRIVE NORTH, LONGVIEW TX 75605
Durga D Agrawal	director	2921 UNIVERSITY BLVD, HOUSTON TX 77005
Sandra Kay Scott	director	11503 BISTRO LANE, HOUSTON TX 77082
Joe L Williams	director	P.O. BOX 1587, HOUSTON TX 77251
Tim Scott Stevenson	director	PO BOX 2192, LONGVIEW TX 75606
Robert Sparkman	officer: President & COO	P.O. BOX 2192, LONGVIEW TX 75605
Charles W Hall	director	1301 MCKINNEY STE 5100, HOUSTON TX 77010
Benny Harper	officer: Sr. VP-Finance	1301 MCKINNEY STE 5100, HOUSTON TX 77010
William E Crow	director, officer: President and CEO	P.O. BOX 1587, HOUSTON TX 77251
Hershel M Rich	director	P.O. BOX 1587, HOUSTON TX 77251
Harold Friedman	director, 10 percent owner, officer: Vice Chairman of the Board	4001 HOMESTEAD ROAF, HOUSTON TX 77028