Culp (STU:CUZ) Days Inventory : 80.27 (As of Jan. 2024)

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What is Culp Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Culp's Average Total Inventories for the three months ended in Jan. 2024 was €42.6 Mil. Culp's Cost of Goods Sold for the three months ended in Jan. 2024 was €48.4 Mil. Hence, Culp's Days Inventory for the three months ended in Jan. 2024 was 80.27.

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

STU:CUZ' s Days Inventory Range Over the Past 10 Years
Min: 59.61 Med: 75.13 Max: 90.94
Current: 80.12

During the past 13 years, Culp's highest Days Inventory was 90.94. The lowest was 59.61. And the median was 75.13.

STU:CUZ's Days Inventory is ranked better than
72.87% of 1010 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.41 vs STU:CUZ: 80.12

Culp's Days Inventory declined from Jan. 2023 (94.77) to Jan. 2024 (80.27).

Inventory Turnover measures how fast the company turns over its inventory within a year. Culp's Inventory Turnover for the three months ended in Jan. 2024 was 1.14.

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. Culp's Inventory-to-Revenue for the three months ended in Jan. 2024 was 0.77.

Culp Days Inventory Historical Data

The historical data trend for Culp'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.

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Culp Days Inventory Chart

Culp Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Inventory

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74.77

79.48

79.34

82.55

91.77

Culp Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Inventory	Get a 7-Day Free Trial															94.77	78.25	82.18	77.54	80.27

Competitive Comparison of Culp's Days Inventory

For the Textile Manufacturing subindustry, Culp'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.

Culp's Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Culp's Days Inventory distribution charts can be found below:

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

Culp Days Inventory Calculation

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

Culp's Days Inventory for the fiscal year that ended in Apr. 2023 is calculated as

	Days Inventory (A: Apr. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Apr. 2022 )	+	Total Inventories (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (61.632	+	41.113)	/	2 )	/	204.323	*	365
=	51.3725					/	204.323	*	365
=	91.77

Culp's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

	Days Inventory (Q: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (42.108	+	43.033)	/	2 )	/	48.393	*	365 / 4
=	42.5705					/	48.393	*	365 / 4
=	80.27

Culp (STU:CUZ) 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.

Culp's Inventory Turnover for the three months ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	48.393	/	42.5705
	=	1.14

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.

Culp's Inventory to Revenue for the three months ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	42.5705	/	55.464
	=	0.77

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.

Culp Days Inventory Related Terms

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

Culp (STU:CUZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Culp Inc (STU:CUZ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CULP:USA CUZ:Germany

Address

1823 Eastchester Drive, High Point, NC, USA, 27265

Website

https://www.culp.com

Culp Inc manufactures, sources, and markets mattress fabrics and sewn covers used for covering mattresses and box springs and upholstery fabrics including cut and sewn kits used in the production of upholstered furniture. The company has two operating segments Mattress fabrics and Upholstery fabrics. The mattress fabrics segment, also known as Culp Home Fashions, manufactures and markets mattress fabrics and mattress covers to bedding manufacturers. The upholstery fabrics segment markets fabrics for residential and commercial furniture, including jacquard woven fabrics, velvets, micro denier suedes, woven dobbies, knitted fabrics, piece-dyed woven products, and polyurethane leather look fabrics.