M.D.C. Holdings (M.D.C. Holdings) Days Inventory

: 275.91 (As of Dec. 2023)

View and export this data going back to 1985. Start your Free Trial

Days Inventory is also known as Days Sales of Inventory (DSI). M.D.C. Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $3,269 Mil. M.D.C. Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,081 Mil. Hence, M.D.C. Holdings's Days Inventory for the three months ended in Dec. 2023 was 275.91.

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

MDC' s Days Inventory Range Over the Past 10 Years
Min: 292.18 Med: 311.47 Max: 403.68
Current: 318.05

During the past 13 years, M.D.C. Holdings's highest Days Inventory was 403.68. The lowest was 292.18. And the median was 311.47.

MDC's Days Inventory is ranked better than
50% of 98 companies
in the Homebuilding & Construction industry
Industry Median: 321.76 vs MDC: 318.05

M.D.C. Holdings's Days Inventory increased from Dec. 2022 (269.27) to Dec. 2023 (275.91). It might indicate that M.D.C. Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. M.D.C. Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 0.33.

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. M.D.C. Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 2.43.

M.D.C. Holdings Days Inventory Historical Data

The historical data trend for M.D.C. Holdings'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.

M.D.C. Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

310.33

312.60

301.55

301.30

329.37

M.D.C. Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																269.27	357.77	311.46	325.57	275.91

Competitive Comparison

For the Residential Construction subindustry, M.D.C. Holdings'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.

M.D.C. Holdings Days Inventory Distribution

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

* The bar in red indicates where M.D.C. Holdings's Days Inventory falls into.

M.D.C. Holdings Days Inventory Calculation

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

M.D.C. Holdings's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (3515.779	+	3301.046)	/	2 )	/	3777.129	*	365
=	3408.4125					/	3777.129	*	365
=	329.37

M.D.C. Holdings'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
=	( (3236.33	+	3301.046)	/	2 )	/	1081.036	*	365 / 4
=	3268.688					/	1081.036	*	365 / 4
=	275.91

M.D.C. Holdings (NYSE:MDC) 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.

M.D.C. Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1081.036	/	3268.688
	=	0.33

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.

M.D.C. Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3268.688	/	1346.456
	=	2.43

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.

M.D.C. Holdings Days Inventory Related Terms

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

M.D.C. Holdings (M.D.C. Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » M.D.C. Holdings Inc (NYSE:MDC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MDH:Germany

Address

4350 South Monaco Street, Suite 500, Denver, CO, USA, 80237

Website

http://www.mdcholdings.com

M.D.C. Holdings Inc is an American holding company that operates home construction, mortgage, insurance, and title companies. The company focuses on single-family and residential communities via its Richmond American Homes brand in Arizona, California, Colorado, Florida, Virginia, Nevada, Utah, and Washington. MDC Holdings constructs homes for first-time and move-up homebuyers. Its segments include Homebuilding and Financial Services. Its Home construction in Colorado, California, Washington, and Arizona derive most of the company's homebuilding revenue, followed by Utah, and Virginia.

Executives

David E Blackford	director	ONE SOUTH MAIN, SUITE 1134, SALT LAKE CITY UT 84111
Reece Paris G Iii	officer: Exec. Vice Pres and CFO	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Robert Nathaniel Martin	officer: SVP and CFO	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Larry A Mizel	10 percent owner	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Michael A Berman	director	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Raymond T Baker	director	2401 21ST AVENUE SOUTH, NASHVILLE TN 37212
David D Mandarich	director, officer: President, COO and Director	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Herbert T Buchwald	director	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Derek R Kimmerle	officer: Chief Accounting Officer	31475 UPPER BEAR CREEK ROAD, EVERGREEN CO 80439
Rafay Farooqui	director	4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
Michael L. Kaplan	officer: Sr. VP and General Counsel	M.D.C. HOLDINGS, INC., 4350 S. MONACO STREET, SUITE 500, DENVER CO 80237
David Siegel	director	4350 SOUTH MONACO STREET, SUITE 500, DENVER CO 80237
Janice Sinden	director	828 FAIRFAX STREET, DENVER CO 80220
Mizel Courtney L.	director	9301 SAWYER STREET, LOS ANGELES CA 90035
Leslie B Fox	director	5511 E. CARON STREET, PARADISE VALLEY AZ 85253