Rush Enterprises (Rush Enterprises) Inventory Turnover : 0.95 (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is Rush Enterprises Inventory Turnover?

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. Rush Enterprises's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,643 Mil. Rush Enterprises's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,737 Mil. Rush Enterprises's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.95.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Rush Enterprises's Days Inventory for the three months ended in Dec. 2023 was 96.42.

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. Rush Enterprises's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.86.

Rush Enterprises Inventory Turnover Historical Data

The historical data trend for Rush Enterprises'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.

Rush Enterprises Inventory Turnover Chart

Rush Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

Get a 7-Day Free Trial

3.59

3.53

4.29

4.58

3.92

Rush Enterprises Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.03	1.01	0.96	0.95	0.77

Rush Enterprises Inventory Turnover Calculation

Rush Enterprises'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 )
=	6331.934	/ (	(1429.429	+	1801.447)	/	2 )
=	6331.934	/	1615.438
=	3.92

Rush Enterprises'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 )
=	1643.397	/ (	(1671.623	+	1801.447)	/	2 )
=	1643.397	/	1736.535
=	0.95

Rush Enterprises (NAS:RUSHA) 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.

Rush Enterprises'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
	=	1736.535	/	1643.397	*	365 / 4
	=	96.42

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.

Rush Enterprises'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 )
	=	1736.535	/	2029.465
	=	0.86

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.

Rush Enterprises Inventory Turnover Related Terms

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

Rush Enterprises (Rush Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rush Enterprises Inc (NAS:RUSHA) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

RUSHB:USA

Address

555 IH-35 South, Suite 500, New Braunfels, TX, USA, 78130

Website

https://www.rushenterprises.com

Rush Enterprises Inc is a full-service, integrated retailer of commercial vehicles and related services. The company operates in a single segment; Truck Segment includes the operation of a network of commercial vehicle dealerships under the name Rush Truck Centers. It sells commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, and Blue Bird and also provides one-stop service for the needs of commercial vehicle customers, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products. The company's business is concentrated in the United States commercial vehicle markets and related aftermarkets.

Executives

Rush William M Rusty	officer: President & COO	C/O RUSH ENTERPRISES INC, 555 IH 35 S., NEW BRAUFELS TX 78130
Steven L Keller	officer: Vice President & CFO	C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265
Amy Boerger	director	2002 W WAHALLA LANE, PHOENIX AZ 85027
Jody Pollard	officer: Senior Vice President	555 IH 35 SOUTH, SUITE 500, NEW BRAUNFELS TX 78130
Michael L Goldstone	officer: VP, General Counsel & CS	555 IH 35 SOUTH, SUITE 500, NEW BRAUNFELS TX 78130
Scott T Anderson	officer: VP Finance & Insurance	C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265
Michael Mcroberts	officer: Senior Vice President	P. O. BOX 34630, SAN ANTONIO TX 78265
Raymond Joseph Chess	director	1084 ANDANTE CT, OXFORD MI 48370
Derrek Weaver	officer: VP, Chief Compliance Officer, General Counsel	C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265
Troy A Clarke	director	C/O FUEL SYSTEMS SOLUTIONS, INC., 780 THIRD AVE. 25TH FLOOR, NEW YORK NY 10017
James E Thor	officer: Senior V.P. of Retail Sales	C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265
James C Underwood	director	C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265
Elaine Mendoza	director	2223 POSTOAK COURT, SAN ANTONIO TX 78248
Richard J Ryan	officer: S.V.P. Navistar Dealerships	C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265
Thomas A Akin	director	C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265