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Bird Construction (Bird Construction) Days Inventory : 1.48 (As of Dec. 2023)


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What is Bird Construction Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Bird Construction's Average Total Inventories for the three months ended in Dec. 2023 was $9 Mil. Bird Construction's Cost of Goods Sold for the three months ended in Dec. 2023 was $536 Mil. Hence, Bird Construction's Days Inventory for the three months ended in Dec. 2023 was 1.48.

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

BIRDF' s Days Inventory Range Over the Past 10 Years
Min: 0.12   Med: 0.51   Max: 1.67
Current: 1.48

During the past 13 years, Bird Construction's highest Days Inventory was 1.67. The lowest was 0.12. And the median was 0.51.

BIRDF's Days Inventory is ranked better than
93.68% of 1392 companies
in the Construction industry
Industry Median: 48.745 vs BIRDF: 1.48

Bird Construction's Days Inventory declined from Dec. 2022 (1.71) to Dec. 2023 (1.48).

Inventory Turnover measures how fast the company turns over its inventory within a year. Bird Construction's Inventory Turnover for the three months ended in Dec. 2023 was 61.64.

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. Bird Construction's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.01.


Bird Construction Days Inventory Historical Data

The historical data trend for Bird Construction'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.

Bird Construction Days Inventory Chart

Bird Construction Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.55 1.47 1.57 1.71 1.59

Bird Construction Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.71 1.88 1.28 1.24 1.48

Competitive Comparison of Bird Construction's Days Inventory

For the Engineering & Construction subindustry, Bird Construction'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.


Bird Construction's Days Inventory Distribution in the Construction Industry

For the Construction industry and Industrials sector, Bird Construction's Days Inventory distribution charts can be found below:

* The bar in red indicates where Bird Construction's Days Inventory falls into.



Bird Construction Days Inventory Calculation

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

Bird Construction's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (7.644 + 9.001) / 2 ) / 1906.865*365
=8.3225 / 1906.865*365
=1.59

Bird Construction's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (8.384 + 9.001) / 2 ) / 535.82*365 / 4
=8.6925 / 535.82*365 / 4
=1.48

* 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.


Bird Construction  (OTCPK:BIRDF) 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.

Bird Construction's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

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.

Bird Construction's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

* 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.


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.


Bird Construction Days Inventory Related Terms

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


Bird Construction (Bird Construction) Business Description

Traded in Other Exchanges
Address
5700 Explorer Drive, Suite 400, Mississauga, ON, CAN, L4W 0C6
Bird Construction Inc is a construction company operating from coast-to-coast and servicing all of Canada's major markets. The group provides a comprehensive range of construction services from new construction for industrial, commercial, institutional, and civil infrastructure markets, to industrial maintenance, repair and operations services, heavy civil construction, and mine support services. It also provides vertical infrastructure including, electrical, mechanical, and specialty trades. In addition to its commitment to safety, Bird provides services that offer long-term value to its stakeholders.