Quanex Building Products (Quanex Building Products) Inventory Turnover

: 1.83 (As of Jan. 2024)

View and export this data going back to 1965. Start your Free Trial

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. Quanex Building Products's Cost of Goods Sold for the three months ended in Jan. 2024 was $188 Mil. Quanex Building Products's Average Total Inventories for the quarter that ended in Jan. 2024 was $103 Mil. Quanex Building Products's Inventory Turnover for the quarter that ended in Jan. 2024 was 1.83.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Quanex Building Products's Days Inventory for the three months ended in Jan. 2024 was 49.93.

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. Quanex Building Products's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.43.

Quanex Building Products Inventory Turnover Historical Data

The historical data trend for Quanex Building Products'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.

* Premium members only.

Quanex Building Products Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Inventory Turnover

10.07

10.27

10.82

8.93

7.80

Quanex Building Products Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover																1.69	1.71	2.02	2.12	1.83

Quanex Building Products Inventory Turnover Calculation

Quanex Building Products's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	853.059	/ (	(120.89	+	97.959)	/	2 )
=	853.059	/	109.4245
=	7.80

Quanex Building Products's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	187.723	/ (	(97.959	+	107.478)	/	2 )
=	187.723	/	102.7185
=	1.83

Quanex Building Products (NYSE:NX) 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.

Quanex Building Products's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	102.7185	/	187.723	*	365 / 4
	=	49.93

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.

Quanex Building Products's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	102.7185	/	239.155
	=	0.43

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.

Quanex Building Products Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Quanex Building Products's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Quanex Building Products (Quanex Building Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Quanex Building Products Corp (NYSE:NX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

4Q2:Germany

Address

945 Bunker Hill Road, Suite 900, Houston, TX, USA, 77024

Website

https://www.quanex.com

Quanex Building Products Corp is a manufacturer of components sold to original equipment manufacturers in the building products industry. It manufactures engineered products like window and door components that include flexible insulating glass spacers, extruded vinyl profiles, window and door screens, solar panel sealants and precision-formed metal and wood products among others. Its three operating segments are North American Fenestration being the key revenue driver, European Fenestration, and North American Cabinet Components. Geographically, it derives a majority of revenue from the United States.

Executives

Curtis M Stevens	director	LOUISIANA-PACIFIC CORPORATION, 414 UNION STREET, SUITE 1910, NASHVILLE TN 37219
Susan F Davis	director
William C Griffiths	director	C/O SPX CORPORATION, 13515 BALLANTYNE CORPORATE PLACE, CHARLOTTE NC 28277
Paul Cornett	officer: SVP General Counsel, Secretary	1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Karen Ettredge	officer: VP, Controller	1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Bradley E. Hughes	director	2420 BRADWAY BOULEVARD, BLOOMFIELD VILLAGE MI 48301
Jason Lippert	director	C/O LIPPERT COMPONENTS INC, 2375 TAMIAMI TRAIL NORTH STE 11, NAPLES FL 34103
George Laverne Wilson	officer: Chief Operating Officer	1800 WEST LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Kimberley Garcia	officer: VP, CHRO	1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Meredith W. Mendes	director	2901 BUTTERFIELD ROAD, OAK BROOK IL 60523
Scott M. Zuehlke	officer: VP, IR & Treasurer	1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Joseph D Rupp	director	QUANEX BUILDING PRODUCTS CORPORATION, 1800 W LOOP SOUTH, SUITE 1500, HOUSTON TX 77027
Waltz William E Jr.	director	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Mark A Livingston	officer: VP CAO Controller	2105 CITY WEST BLVD., SUITE 500, HOUSTON TX 77042
Kevin P Delaney	officer: SVP-Gen. Counsel & Secretary	1900 WEST LOOP SOUTH SUITE 1500, HOUSTON TX 77027