H&E Equipment Services (H&E Equipment Services) Days Inventory

: 56.49 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). H&E Equipment Services's Average Total Inventories for the three months ended in Dec. 2023 was $123 Mil. H&E Equipment Services's Cost of Goods Sold for the three months ended in Dec. 2023 was $199 Mil. Hence, H&E Equipment Services's Days Inventory for the three months ended in Dec. 2023 was 56.49.

The historical rank and industry rank for H&E Equipment Services's Days Inventory or its related term are showing as below:

HEES' s Days Inventory Range Over the Past 10 Years
Min: 33.03 Med: 45.65 Max: 69.32
Current: 69.32

During the past 13 years, H&E Equipment Services's highest Days Inventory was 69.32. The lowest was 33.03. And the median was 45.65.

HEES's Days Inventory is ranked worse than
65.4% of 682 companies
in the Business Services industry
Industry Median: 29.47 vs HEES: 69.32

H&E Equipment Services's Days Inventory increased from Dec. 2022 (53.05) to Dec. 2023 (56.49). It might indicate that H&E Equipment Services's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. H&E Equipment Services's Inventory Turnover for the three months ended in Dec. 2023 was 1.62.

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. H&E Equipment Services's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.32.

H&E Equipment Services Days Inventory Historical Data

The historical data trend for H&E Equipment Services'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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H&E Equipment Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

50.94

35.77

33.03

48.48

50.64

H&E Equipment Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																53.05	76.26	92.85	71.47	56.49

Competitive Comparison

For the Rental & Leasing Services subindustry, H&E Equipment Services'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.

H&E Equipment Services Days Inventory Distribution

For the Business Services industry and Industrials sector, H&E Equipment Services's Days Inventory distribution charts can be found below:

* The bar in red indicates where H&E Equipment Services's Days Inventory falls into.

H&E Equipment Services Days Inventory Calculation

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

H&E Equipment Services'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
=	( (107.842	+	109.931)	/	2 )	/	784.755	*	365
=	108.8865					/	784.755	*	365
=	50.64

H&E Equipment Services'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
=	( (137.017	+	109.931)	/	2 )	/	199.467	*	365 / 4
=	123.474					/	199.467	*	365 / 4
=	56.49

H&E Equipment Services (NAS:HEES) 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.

H&E Equipment Services's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	199.467	/	123.474
	=	1.62

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.

H&E Equipment Services's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	123.474	/	385.806
	=	0.32

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.

H&E Equipment Services Days Inventory Related Terms

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

H&E Equipment Services (H&E Equipment Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » H&E Equipment Services Inc (NAS:HEES) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

H6P:Germany

Address

7500 Pecue Lane, Baton Rouge, LA, USA, 70809

Website

https://www.he-equipment.com

H&E Equipment Services Inc is an integrated equipment services company. It is focused on heavy construction and industrial equipment. It rents, sells, and provides parts and services support for four core categories of equipment including hi-lift or aerial work platform equipment, cranes, earthmoving equipment, and industrial lift trucks. It engages in five principal business activities: equipment rentals; new equipment sales; used equipment sales; parts sales; and repair and maintenance services. The majority of its revenue is derived from the equipment rentals segment.

Executives

Suzanne H Wood	director	1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242
John Mcdowell Engquist	officer: President & COO	7500 PECUE LANE, BATON ROUGE LA 70809
Gary W Bagley	director	H&E EQUIPMENT SERVICES, 4899 WEST 2100 SOUTH, SALT LAKE CITY UT 84120
Jacob Thomas	director	840 CRESCENT CENTRE DR, STE 600, FRANKLIN TN 37067
Paul Arnold	director	C/O CORT BUSINESS SERVICE CORP, 4401 FAIR LAKES COURT, FAIRFAX VA 22033
Bradley W Barber	director, officer: CEO & President	H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816
Patrick Edsell	director
Lawrence C Karlson	director	C/O CDI CORP., 1717 ARCH ST 35TH FLOOR, PHILADELPHIA PA 19103-2768
John Sawyer	director	PENHALL CO., 1801 PENHALL WAY/ POB 4609, ANAHEIM CA 92803
Thompson Mary Patricia B	director	651 S. STRATFORD DRIVE, SUITE 100, MERIDIAN ID 83642
Bruce Bruckmann	director	C/O MOHAWK INDUSTRIES INC, P O BOX 12069, CALHOUN GA 30703
John Engquist	director, 10 percent owner, officer: CEO & President	H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816
Leslie S Magee	officer: CFO & Secretary	H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816
John D Jones	officer: V.P., Product Support	H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816
William W Fox	officer: V.P., Cranes & Earthmoving	H&E EQUIPMENT SERVICES, 11100 MEAD ROAD, SUITE 200, BATON ROUGE LA 70816