Beazer Homes USA (Beazer Homes USA) Days Inventory

: 547.61 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Beazer Homes USA's Average Total Inventories for the three months ended in Dec. 2023 was $1,855 Mil. Beazer Homes USA's Cost of Goods Sold for the three months ended in Dec. 2023 was $309 Mil. Hence, Beazer Homes USA's Days Inventory for the three months ended in Dec. 2023 was 547.61.

The historical rank and industry rank for Beazer Homes USA's Days Inventory or its related term are showing as below:

BZH' s Days Inventory Range Over the Past 10 Years
Min: 292.81 Med: 344.64 Max: 438.95
Current: 382.14

During the past 13 years, Beazer Homes USA's highest Days Inventory was 438.95. The lowest was 292.81. And the median was 344.64.

BZH's Days Inventory is ranked worse than
61.22% of 98 companies
in the Homebuilding & Construction industry
Industry Median: 321.76 vs BZH: 382.14

Beazer Homes USA's Days Inventory increased from Dec. 2022 (446.78) to Dec. 2023 (547.61). It might indicate that Beazer Homes USA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Beazer Homes USA's Inventory Turnover for the three months ended in Dec. 2023 was 0.17.

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. Beazer Homes USA's Inventory-to-Revenue for the three months ended in Dec. 2023 was 4.80.

Beazer Homes USA Days Inventory Historical Data

The historical data trend for Beazer Homes USA'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.

Beazer Homes USA Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

303.57

292.81

299.85

332.23

361.47

Beazer Homes USA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																446.78	364.28	348.70	314.08	547.61

Competitive Comparison

For the Residential Construction subindustry, Beazer Homes USA'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.

Beazer Homes USA Days Inventory Distribution

For the Homebuilding & Construction industry and Consumer Cyclical sector, Beazer Homes USA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Beazer Homes USA's Days Inventory falls into.

Beazer Homes USA Days Inventory Calculation

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

Beazer Homes USA'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
=	( (1737.865	+	1756.203)	/	2 )	/	1764.09	*	365
=	1747.034					/	1764.09	*	365
=	361.47

Beazer Homes USA'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
=	( (1756.203	+	1953.598)	/	2 )	/	309.088	*	365 / 4
=	1854.9005					/	309.088	*	365 / 4
=	547.61

Beazer Homes USA (NYSE:BZH) 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.

Beazer Homes USA's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	309.088	/	1854.9005
	=	0.17

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.

Beazer Homes USA's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1854.9005	/	386.818
	=	4.80

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.

Beazer Homes USA Days Inventory Related Terms

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

Beazer Homes USA (Beazer Homes USA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Beazer Homes USA Inc (NYSE:BZH) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

BE4A:Germany

Address

2002 Summit Boulevard NE, 15th Floor, Atlanta, GA, USA, 30319

Website

https://www.beazer.com

Beazer Homes USA Inc is an construction company that focuses on residential construction. The company specializes in single-family housing and multi-unit building construction in over 13 states and over 22 metro markets. Beazer Homes builds homes and communities that target first-time, move-up, and luxury homebuyers with an average selling price of roughly $300,000. From a geographic perspective, home sales in the western and eastern United States have been the leading sources of revenue for the company. Key metro areas include Atlanta, Las Vegas, Los Angeles, Orlando, and Tampa. The company also focuses on land purchasing and development to support future construction efforts as well as mortgage services for its homebuyers.

Executives

Lloyd Emerson Johnson	director	16737 NEW PROVIDENCE LANE, CHARLOTTE NC 28277
Robert L. Salomon	officer: EVP, Chief Financial Officer	5535 LEXINGTON WOODS LANE, ALPHARETTA GA 30005
Pei Sun	officer: VP & Chief Accounting Officer	1000 ABERNATHY ROAD, SUITE 260, ATLANTA GA 30328
C Christian Winkle	director	ONE RAVINIA DRIVE, STE 1500, ATLANTA GA 30346
David I Goldberg	officer: SVP, Chief Financial Officer	1000 ABERNATHY ROAD, NE, SUITE 260, ATLANTA GA 30328
Zelnak Stephen P Jr	director	MARTIN MARIETTA MATERIALS INC, 2710 WYCLIFF ROAD, RALEIGH NC 27607
David J Spitz	director	C/O CHANNELADVISOR CORPORATION, 2701 AERIAL CENTER PARKWAY, MORRISVILLE NC 27568
Allan P Merrill	director, officer: President and CEO	BEAZER HOMES, 1000 ABERNATHY RD, SUITE 1200, ATLANTA GA 30328
Danny R Shepherd	director	VULCAN MATERIALS COMPANY, 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Belknap Keith L Jr	officer: EVP, General Counsel	3585 ENGINEERING DRIVE, SUITE 100, NORCROSS GA 30092
Larry T Solari	director
Brian C Beazer	director	C/O NUMEREX, 1600 PARKWOOD CIRCLE #200, ATLANTA GA 30339-2119
Peter M Orser	director	1000 ABERNATHY ROAD, SUITE 260, ATLANTA GA 30328
Elizabeth S Acton	director	5408 WALDENHILL COURT, SUPERIOR TOWNSHIP MI 48198
Laurent Alpert	director