Masco (MAS) Inventory Turnover

: 1.19 (As of Dec. 2023)

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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Masco's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,228 Mil. Masco's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,034 Mil. Masco's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Masco's Days Inventory for the three months ended in Dec. 2023 was 76.83.

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. Masco's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.55.

Masco Inventory Turnover Historical Data

The historical data trend for Masco's Inventory Turnover 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.

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Masco Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

5.59

5.65

5.27

4.87

4.54

Masco Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																1.07	1.08	1.16	1.13	1.19

Masco Inventory Turnover Calculation

Masco's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	5131	/ (	(1236	+	1022)	/	2 )
=	5131	/	1129
=	4.54

Masco's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1228	/ (	(1046	+	1022)	/	2 )
=	1228	/	1034
=	1.19

Masco (NYSE:MAS) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Masco's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1034	/	1228	*	365 / 4
	=	76.83

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.

Masco's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1034	/	1882
	=	0.55

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Masco Inventory Turnover Related Terms

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Masco (MAS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Masco Corp (NYSE:MAS) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

MAS:Mexico MSQ:Germany MSQ:Germany

Address

17450 College Parkway, Livonia, MI, USA, 48152

Website

https://www.masco.com

Masco manufactures a variety of home improvement and building products. The company's $5.3 billion plumbing segment, led by the Delta and Hansgrohe brands, sells faucets, showerheads, and other related plumbing fixtures and components. The $3.4 billion decorative architectural segment primarily sells paints and other coatings under the Behr and Kilz brands, but it also sells builder hardware and lighting products.

Executives

Kenneth G. Cole	officer: VP, General Counsel and Sec.	17450 COLLEGE PARKWAY, LIVONIA MI 48152
Jai Shah	officer: VP - Chief HR Officer	17450 COLLEGE PARKWAY, LIVONIA MI 48152
Richard J. Westenberg	officer: VP and CFO	17450 COLLEGE PARKWAY, LIVONIA MI 48152
Donald R Parfet	director	C/O 350 E MICHIGAN AVENUE STE 500, APJOHN GROUP LLC, KALAMAZOO MI 49007
Renee Straber	officer: VP - Chief HR Officer	17450 COLLEGE PARKWAY, LIVONIA MI 48152
Keith J. Allman	director, officer: President and CEO	17450 COLLEGE PARKWAY, LIVONIA MI 48152
Reddy Sandeep	director	C/O GUESS?, INC., 1444 SOUTH ALAMEDA STREET, LOS ANGELES CA 90021
David A. Chaika	officer: Interim CFO	17450 COLLEGE PARKWAY, LIVONIA MI 48152
Jonathon Nudi	director	GENERAL MILLS, INC., ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
John G Sznewajs	officer: VP Corp. Development&Treasurer	17450 COLLEGE PARKWAY, LIVONIA MI 48152
Imran Ahmad	officer: Group President	17450 COLLEGE PARKWAY, LIVONIA MI 48152
Turner Reginald M Jr	director	500 WOODWARD AVE, SUITE 3500, DETROIT MI 48226
Stevens Charles K. Iii	director	300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Aine Denari	director	C/O BRUNSWICK CORPORATION, 26125 N. RIVERWOODS BLVD. #500, METTAWA IL 60045
Robin L Zondervan	officer: VP, Controller and CAO	901 44TH STREET SE, GRAND RAPIDS MI 49508