Vulcan Materials Co (Vulcan Materials Co) Inventory Turnover : 2.30 (As of Dec. 2023)

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What is Vulcan Materials Co 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. Vulcan Materials Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,362 Mil. Vulcan Materials Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $593 Mil. Vulcan Materials Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.30.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Vulcan Materials Co's Days Inventory for the three months ended in Dec. 2023 was 39.73.

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. Vulcan Materials Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.32.

Vulcan Materials Co Inventory Turnover Historical Data

The historical data trend for Vulcan Materials Co'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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Vulcan Materials Co Inventory Turnover Chart

Vulcan Materials Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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8.28

7.88

8.62

10.46

9.76

Vulcan Materials Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.46	2.31	2.59	2.74	2.30

Vulcan Materials Co Inventory Turnover Calculation

Vulcan Materials Co'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 )
=	5833.4	/ (	(579.3	+	615.6)	/	2 )
=	5833.4	/	597.45
=	9.76

Vulcan Materials Co'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 )
=	1362.1	/ (	(570.6	+	615.6)	/	2 )
=	1362.1	/	593.1
=	2.30

Vulcan Materials Co (NYSE:VMC) 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.

Vulcan Materials Co'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
	=	593.1	/	1362.1	*	365 / 4
	=	39.73

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.

Vulcan Materials Co'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 )
	=	593.1	/	1834.3
	=	0.32

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.

Vulcan Materials Co Inventory Turnover Related Terms

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Vulcan Materials Co (Vulcan Materials Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Vulcan Materials Co (NYSE:VMC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

V1MC34:Brazil

Address

1200 Urban Center Drive, Birmingham, AL, USA, 35242

Website

https://www.vulcanmaterials.com

Vulcan Materials is the United States' largest producer of construction aggregates (crushed stone, sand, and gravel). Its largest markets include Texas, California, Virginia, Tennessee, Georgia, Florida, North Carolina, and Alabama. In 2022, Vulcan sold 263.4 million tons of aggregates, 12.2 million tons of asphalt mix, and 10.5 million cubic yards of ready-mix. As of Dec. 31, 2022, the company had nearly 16 billion tons of aggregates reserves.

Executives

Stanley G Bass	officer: Chief Growth Officer	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
David P Clements	officer: Senior Vice President, Central	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Melissa H. Anderson	director	ALBEMARLE CORPORATION, 4250 CONGRESS ST. SUITE 900, CHARLOTTE NC 28209
J Thomas Hill	officer: Sr VP - South Region	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Randy L. Pigg	officer: Vice President and Controller	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Mary Andrews Carlisle	officer: SVP and CFO	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Lydia H Kennard	director	155 N LAKE AVE, PASADENA CA 91101
Darren L. Hicks	officer: Chief Human Resources Officer	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Perkins Jerry F Jr	officer: General Counsel and Secetary	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Jason P Teter	officer: President, S&GC Division	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Ronnie A Pruitt	officer: Senior Vice President	C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039
David P Steiner	director	1001 FANNIN ST, STE 4000, HOUSTON TX 77002
George Willis	director	55 GLENLAKE PARKWAY, NE, ATLANTA GA 30328
Franklin Denson N. Iii	officer: SVP & General Counsel	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
Michael R Mills	officer: Senior Vice President and Gene	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242