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M.D.C. Holdings Inc (NYSE:MDC)
Days Inventory
351.51 (As of Dec. 2015)

M.D.C. Holdings Inc's average inventory for the three months ended in Dec. 2015 was $1,772 Mil. M.D.C. Holdings Inc's cost of goods sold for the three months ended in Dec. 2015 was $460 Mil. Hence, M.D.C. Holdings Inc's days inventory for the three months ended in Dec. 2015 was 351.51.

MDC' s Days Inventory Range Over the Past 10 Years
Min: 287.35   Max: 417.02
Current: 401.1

287.35
417.02

During the past 13 years, M.D.C. Holdings Inc's highest Days Inventory was 417.02. The lowest was 287.35. And the median was 323.81.

MDC's Days Inventory is ranked lower than
92% of the 705 Companies
in the Global Residential Construction industry.

( Industry Median: 81.17 vs. MDC: 401.10 )

M.D.C. Holdings Inc's days inventory declined from Dec. 2014 (386.33) to Dec. 2015 (351.51).

Inventory can be measured by Days Sales of Inventory (DSI). M.D.C. Holdings Inc's days sales of inventory (DSI) for the three months ended in Dec. 2015 was 304.97.

Inventory turnover measures how fast the company turns over its inventory within a year. M.D.C. Holdings Inc's inventory turnover for the three months ended in Dec. 2015 was 0.26.

Inventory to revenue ratio 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 Inc's inventory to revenue ratio for the three months ended in Dec. 2015 was 3.34.


Definition

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

M.D.C. Holdings Inc's Days Inventory for the fiscal year that ended in Dec. 2015 is calculated as

Days Inventory (A: Dec. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2014 ) + Inventory (A: Dec. 2015 )) / 2 ) / COGS (A: Dec. 2015 )*Days in Period
=( (1667.96 + 1763.962) / 2 ) / 1562*365
=1715.961 / 1562*365
=400.98

M.D.C. Holdings Inc's Days Inventory for the quarter that ended in Dec. 2015 is calculated as:

Days Inventory (Q: Dec. 2015 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Sep. 2015 ) + Inventory (Q: Dec. 2015 )) / 2 ) / COGS (Q: Dec. 2015 )*Days in Period
=( (1779.362 + 1763.962) / 2 ) / 459.916*365 / 4
=1771.662 / 459.916*365 / 4
=351.51

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

M.D.C. Holdings Inc's Days Sales of Inventory for the three months ended in Dec. 2015 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=1771.662/530.101*365 / 4
=304.97

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

M.D.C. Holdings Inc's Inventory Turnover for the three months ended in Dec. 2015 is calculated as

3. 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 Inc's Inventory to Revenue for the three months ended in Dec. 2015 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=1771.662 / 530.101
=3.34

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


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.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

M.D.C. Holdings Inc Annual Data

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysInventory 287.35314.92311.40302.57318.78417.02337.13328.83410.26400.98

M.D.C. Holdings Inc Quarterly Data

Sep13Dec13Mar14Jun14Sep14Dec14Mar15Jun15Sep15Dec15
DaysInventory 318.90346.07520.90395.37433.92386.33475.00391.19407.39351.51
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