Speedway Motorsports (Speedway Motorsports) Days Inventory : 11.98 (As of Jun. 2019)

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What is Speedway Motorsports Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Speedway Motorsports's Average Total Inventories for the three months ended in Jun. 2019 was $9.8 Mil. Speedway Motorsports's Cost of Goods Sold for the three months ended in Jun. 2019 was $74.7 Mil. Hence, Speedway Motorsports's Days Inventory for the three months ended in Jun. 2019 was 11.98.

The historical rank and industry rank for Speedway Motorsports's Days Inventory or its related term are showing as below:

TRK's Days Inventory is not ranked ^*
in the Travel & Leisure industry.
Industry Median: 36.02
* Ranked among companies with meaningful Days Inventory only.

Speedway Motorsports's Days Inventory increased from Jun. 2018 (8.84) to Jun. 2019 (11.98). It might indicate that Speedway Motorsports's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Speedway Motorsports's Inventory Turnover for the three months ended in Jun. 2019 was 7.62.

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. Speedway Motorsports's Inventory-to-Revenue for the three months ended in Jun. 2019 was 0.07.

Speedway Motorsports Days Inventory Historical Data

The historical data trend for Speedway Motorsports'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.

Speedway Motorsports Days Inventory Chart

Speedway Motorsports Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Days Inventory

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12.43

13.21

11.54

11.94

11.46

Speedway Motorsports Quarterly Data
	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19
Days Inventory	Get a 7-Day Free Trial															8.84	9.24	20.89	14.79	11.98

Competitive Comparison of Speedway Motorsports's Days Inventory

For the Leisure subindustry, Speedway Motorsports'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.

Speedway Motorsports's Days Inventory Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Speedway Motorsports's Days Inventory distribution charts can be found below:

* The bar in red indicates where Speedway Motorsports's Days Inventory falls into.

Speedway Motorsports Days Inventory Calculation

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

Speedway Motorsports's Days Inventory for the fiscal year that ended in Dec. 2018 is calculated as

	Days Inventory (A: Dec. 2018 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2017 )	+	Total Inventories (A: Dec. 2018 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2018 )	*	Days in Period
=	( (7.283	+	8.018)	/	2 )	/	243.59	*	365
=	7.6505					/	243.59	*	365
=	11.46

Speedway Motorsports's Days Inventory for the quarter that ended in Jun. 2019 is calculated as:

	Days Inventory (Q: Jun. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2019 )	+	Total Inventories (Q: Jun. 2019 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2019 )	*	Days in Period
=	( (9.735	+	9.87)	/	2 )	/	74.676	*	365 / 4
=	9.8025					/	74.676	*	365 / 4
=	11.98

Speedway Motorsports (NYSE:TRK) 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.

Speedway Motorsports's Inventory Turnover for the three months ended in Jun. 2019 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	74.676	/	9.8025
	=	7.62

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.

Speedway Motorsports's Inventory to Revenue for the three months ended in Jun. 2019 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9.8025	/	141.868
	=	0.07

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.

Speedway Motorsports Days Inventory Related Terms

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

Speedway Motorsports (Speedway Motorsports) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Speedway Motorsports Inc (NYSE:TRK) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

5555 Concord Parkway South, Concord, NC, USA, 28027

Website

http://www.speedwaymotorsports.com

Speedway Motorsports Inc act as a promoter, marketer and sponsor of motorsports activities in the United States. The company also provides souvenir merchandising, including screen-printing and embroidery, as well as food, beverage, and hospitality catering services; and radio programming, production, and distribution services. It operates through motorsports event related segments. The motorsports event related segment includes admissions, event related, NASCAR broadcasting and event motorsports merchandising activities. Speedway generates most of the income from NASCAR broadcasting which include rights fees obtained for domestic television broadcasts of NASCAR-sanctioned events.

Executives

James P Holden	director	1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Mark M Gambill	director	5555 CONCORD PARKWAY SOUTH, CONCORD NC 28027
William R Brooks	director, officer: Chief Financial Officer	5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212
Marcus G Smith	director, 10 percent owner, officer: Chief Executive Officer	5555 CONCORD PARKWAY SOUTH, CONCORD NC 28027
O Bruton Smith	director, 10 percent owner, officer: Executive Chairman	5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212
Bryan Scott Smith	director, 10 percent owner	5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212
Byrd Bernard Clinton Jr	director	4401 COLWICK ROAD, CHARLOTTE NC 28211
David Bruton Smith	10 percent owner	C/O SONIC AUTOMOTIVE, INC., 6415 IDLEWILD ROAD, SUITE 109, CHARLOTTE NC 28212
Robert L Rewey	director	401 LONE PINE COURT, BLOOMFIELD HILLS MI 48304
William P Benton	director	PARKLANE TOWERS WEST, 3 PARKLANE BLVD STE 1610, DEARBORN MI 48126