Houston Wire & Cable Co (Houston Wire & Cable Co) Days Inventory

: 120.56 (As of Mar. 2021)

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Days Inventory is also known as Days Sales of Inventory (DSI). Houston Wire & Cable Co's Average Total Inventories for the three months ended in Mar. 2021 was $66.8 Mil. Houston Wire & Cable Co's Cost of Goods Sold for the three months ended in Mar. 2021 was $50.6 Mil. Hence, Houston Wire & Cable Co's Days Inventory for the three months ended in Mar. 2021 was 120.56.

The historical rank and industry rank for Houston Wire & Cable Co's Days Inventory or its related term are showing as below:

HWCC's Days Inventory is not ranked ^*
in the Industrial Distribution industry.
Industry Median: 87.29
* Ranked among companies with meaningful Days Inventory only.

Houston Wire & Cable Co's Days Inventory declined from Mar. 2020 (159.44) to Mar. 2021 (120.56).

Inventory Turnover measures how fast the company turns over its inventory within a year. Houston Wire & Cable Co's Inventory Turnover for the three months ended in Mar. 2021 was 0.76.

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. Houston Wire & Cable Co's Inventory-to-Revenue for the three months ended in Mar. 2021 was 1.00.

Houston Wire & Cable Co Days Inventory Historical Data

The historical data trend for Houston Wire & Cable Co'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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => - [5] => 136.04 [6] => 125.05 [7] => 122.57 [8] => 147.20 [9] => 149.41 )

Houston Wire & Cable Co Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Inventory

136.04

125.05

122.57

147.20

149.41

Houston Wire & Cable Co Quarterly Data
	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Days Inventory																159.44	187.05	161.24	140.47	120.56

Competitive Comparison

For the Industrial Distribution subindustry, Houston Wire & Cable Co'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.

Houston Wire & Cable Co Days Inventory Distribution

For the Industrial Distribution industry and Industrials sector, Houston Wire & Cable Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Houston Wire & Cable Co's Days Inventory falls into.

Houston Wire & Cable Co Days Inventory Calculation

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

Houston Wire & Cable Co's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (114.069	+	68.47)	/	2 )	/	222.968	*	365
=	91.2695					/	222.968	*	365
=	149.41

Houston Wire & Cable Co's Days Inventory for the quarter that ended in Mar. 2021 is calculated as:

	Days Inventory (Q: Mar. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2020 )	+	Total Inventories (Q: Mar. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2021 )	*	Days in Period
=	( (68.47	+	65.187)	/	2 )	/	50.58	*	365 / 4
=	66.8285					/	50.58	*	365 / 4
=	120.56

Houston Wire & Cable Co (NAS:HWCC) 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.

Houston Wire & Cable Co's Inventory Turnover for the three months ended in Mar. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	50.58	/	66.8285
	=	0.76

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.

Houston Wire & Cable Co's Inventory to Revenue for the three months ended in Mar. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	66.8285	/	67.03
	=	1.00

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.

Houston Wire & Cable Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Houston Wire & Cable Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Houston Wire & Cable Co (Houston Wire & Cable Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Houston Wire & Cable Co (NAS:HWCC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

10201 North Loop East, Houston, TX, USA, 77029

Website

https://www.houwire.com

Houston Wire & Cable Co is a distributor of electrical and mechanical wire and cable in the U.S. industrial market. The company offers products in most categories of wire and cable, including continuous and interlocked armor cable; electronic wire and cable; flexible and portable cord; instrumentation and thermocouple cable; primary and secondary aluminum distribution cable, hardware and corrosion-resistant products including inch and metric bolts, screws, nuts, washers, rivets, and hose clamps. It has three target markets: utility market, industrial market, and infrastructure market.

Executives

Roy W Haley	director	COMMERCE COURT FOUR STATION SQUARE, SUITE 700, PITTSBURGH PA 15219
G Gary Yetman	director	P.O. BOX 2139 EDWARDS CO 81632
William H Sheffield	director	401 QUEENS QUAY WEST SUITE 104 TORONTO A6 M5V 2Y2
Eric Wayne Davis	officer: INTERIM CFO & CAO	10201 NORTH LOOP EAST HOUSTON TX 77029
Jerry Michael Zurovchak	officer: SENIOR VP & COO	10201 NORTH LOOP EAST HOUSTON TX 77029
Christopher M. Micklas	officer: VP & CFO	ONE MEMORIAL CITY PLAZA, 800 GESSNER ROAD, SUITE 875, HOUSTON TX 77024
Pokluda James L Iii	director	10201 N. LOOP EAST HOUSTON TX 77029
Sandford W. Rothe	director	1 GOOSEBERRY LANE CHERRY HILLS VILLAGE CO 80113
David Nierenberg	director, 10 percent owner	19605 NE 8TH STREET, CAMAS WA 98607
Nierenberg Investment Management Co	10 percent owner	19605 NE 8TH ST, CAMAS WA 98607
Margaret Laird	director	1283 BLACKBIRD COURT BOULDER CO 80303
Robert L Reymond	director	10721 W. 118TH TERRACE OVERLAND PARK KS 66210
Michael T Campbell	director	HOUSTON WIRE & CABLE COMPANY, 10201 NORTH LOOP EAST, HOUSTON TX 77029
Mark A Ruelle	director	C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Nicol G Graham	officer: VP, CFO, TREASURER & SECRETARY	10201 NORTH LOOP EAST HOUSTON TX 77029