D.R. Horton (D.R. Horton) Days Inventory

: 370.31 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). D.R. Horton's Average Total Inventories for the three months ended in Dec. 2023 was $23,212 Mil. D.R. Horton's Cost of Goods Sold for the three months ended in Dec. 2023 was $5,720 Mil. Hence, D.R. Horton's Days Inventory for the three months ended in Dec. 2023 was 370.31.

The historical rank and industry rank for D.R. Horton's Days Inventory or its related term are showing as below:

DHI' s Days Inventory Range Over the Past 10 Years
Min: 263.37 Med: 296.71 Max: 404.61
Current: 314.75

During the past 13 years, D.R. Horton's highest Days Inventory was 404.61. The lowest was 263.37. And the median was 296.71.

DHI's Days Inventory is ranked better than
52.04% of 98 companies
in the Homebuilding & Construction industry
Industry Median: 321.76 vs DHI: 314.75

D.R. Horton's Days Inventory declined from Dec. 2022 (380.27) to Dec. 2023 (370.31).

Inventory Turnover measures how fast the company turns over its inventory within a year. D.R. Horton's Inventory Turnover for the three months ended in Dec. 2023 was 0.25.

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. D.R. Horton's Inventory-to-Revenue for the three months ended in Dec. 2023 was 3.00.

D.R. Horton Days Inventory Historical Data

The historical data trend for D.R. Horton'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.

* Premium members only.

D.R. Horton Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

288.32

279.21

263.37

302.91

307.75

D.R. Horton Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																380.27	342.53	291.03	269.43	370.31

Competitive Comparison

For the Residential Construction subindustry, D.R. Horton'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.

D.R. Horton Days Inventory Distribution

For the Homebuilding & Construction industry and Consumer Cyclical sector, D.R. Horton's Days Inventory distribution charts can be found below:

* The bar in red indicates where D.R. Horton's Days Inventory falls into.

D.R. Horton Days Inventory Calculation

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

D.R. Horton's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (21655.7	+	22373.3)	/	2 )	/	26110	*	365
=	22014.5					/	26110	*	365
=	307.75

D.R. Horton'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
=	( (22373.3	+	24050.3)	/	2 )	/	5719.8	*	365 / 4
=	23211.8					/	5719.8	*	365 / 4
=	370.31

D.R. Horton (NYSE:DHI) 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.

D.R. Horton's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5719.8	/	23211.8
	=	0.25

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.

D.R. Horton's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	23211.8	/	7726
	=	3.00

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.

D.R. Horton Days Inventory Related Terms

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D.R. Horton (D.R. Horton) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » D.R. Horton Inc (NYSE:DHI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

HO2:Germany HO2:Germany D1HI34:Brazil

Address

1341 Horton Circle, Arlington, TX, USA, 76011

Website

https://www.drhorton.com

D.R. Horton is a leading homebuilder in the United States with operations in 118 markets across 33 states. D.R. Horton mainly builds single-family detached homes (over 90% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Arlington, Texas, and it manages six regional segments across the United States.

Executives

Aron M. Odom	officer: VP, Controller and PAO	1341 HORTON CIRCLE, ARLINGTON TX 76011
Bradley S Anderson	director	1361 HORTON CIRCLE, ARLINGTON TX 76011
Barbara K Allen	director	1361 HORTON CIRCLE, ARLINGTON TX 76011
Michael R Buchanan	director	1341 HORTON CIRCLE, ARLINGTON TX 76011
Bill W Wheat	director, officer: EVP and CFO	1361 HORTON CIRCLE, ARLINGTON TX 76011
Paul J Romanowski	officer: EVP and COO	1341 HORTON CIRCLE, ARLINGTON TX 76011
Michael J Murray	officer: EVP and COO	1361 HORTON CIRCLE, ARLINGTON TX 76011
Michael W Hewatt	director	1361 HORTON CIRCLE, ARLINGTON TX 76011
David V Auld	officer: EVP and COO	1361 HORTON CIRCLE, ARLINGTON TX 76011
Benjamin Sr Carson	director	PO BOX 3599, BATTLE CREEK MI 49016-3599
Maribess L Miller	director	2711 N. HASKELL AVENUE, SUITE 2300, DALLAS TX 75204
Donald R Horton	director, officer: Chairman	1361 HORTON CIRCLE, ARLINGTON TX 76011
Donald J Tomnitz	director, officer: President and CEO	2221 E. LAMAR BLVD., SUITE 790, ARLINGTON TX 76006
Stacey Dwyer	officer: EVP and Treasurer	301 COMMERCE STREET, SUITE 500, FORT WORTH TX 76102
Bobby G Scott	director	301 COMMERCE STREET, SUITE 500, FORT WORTH TX 76102