Days Inventory is also known as Days Sales of Inventory (DSI). Steelcase's Average Total Inventories for the
three
months ended in Feb. 2024 was $245 Mil. Steelcase's Cost of Goods Sold for the
three
months ended in Feb. 2024 was $533 Mil.
Hence, Steelcase's Days Inventory for the
three
months ended in Feb. 2024 was 42.00.
The historical rank and industry rank for Steelcase's Days Inventory or its related term are showing as below:
SCS'
s Days Inventory Range Over the Past 10 Years
Min: 27.05 Med: 31.86 Max: 50.96
Current: 47.22
During the past 13 years, Steelcase's highest Days Inventory was 50.96. The lowest was 27.05. And the median was 31.86.
SCS's Days Inventory is ranked better than 89.54% of 2907
companies
in the Industrial Products industry
Industry Median: 119.76
vs SCS: 47.22
Steelcase's Days Inventory
declined
from Feb. 2023 (56.63) to Feb. 2024 (42.00).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Steelcase's Inventory Turnover for the
three
months ended in Feb. 2024 was 2.17.
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.
Steelcase's Inventory-to-Revenue for the
three
months ended in Feb. 2024 was 0.32.
Steelcase Days Inventory Historical Data
The historical data trend for Steelcase'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.
Competitive Comparison of Steelcase's Days Inventory
For the Business Equipment & Supplies subindustry, Steelcase'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.
Steelcase's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Steelcase's Days Inventory distribution charts can be found below:
* The bar in red indicates where Steelcase's Days Inventory falls into.
Steelcase Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Steelcase's Days Inventory for the fiscal year that ended in Feb. 2024 is calculated as
* 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.
Steelcase (NYSE:SCS) 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.
Steelcase's Inventory Turnover for the
three
months ended in Feb. 2024 is calculated as
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.
Steelcase's Inventory to Revenue for the
three
months ended in Feb. 2024 is calculated as
* 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.
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.
Steelcase Days Inventory Related Terms
Thank you for viewing the detailed overview of Steelcase's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Steelcase Inc is a furniture company primarily based in the United States and has operations in Europe, the Middle East, and Africa. Steelcase markets its products primarily through a network of independent and company-owned dealers. The company operates through the Americas segment, the EMEA segment and the Other category. The Americas segment offers architecture, furniture and technology products is marketed to corporate, government, healthcare, education and retail customers, EMEA segment provides furniture systems, storage and seating solutions. Majority of revenue is generated from Americas segment.
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