Russel Metals (TSX:RUS) Change In Inventory : C$101 Mil (TTM As of Mar. 2024)

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What is Russel Metals Change In Inventory?

Russel Metals's change in inventory for the quarter that ended in Mar. 2024 was C$5 Mil. It means Russel Metals's inventory declined by C$5 Mil from Dec. 2023 to Mar. 2024 .

Russel Metals's change in inventory for the fiscal year that ended in Dec. 2023 was C$112 Mil. It means Russel Metals's inventory declined by C$112 Mil from Dec. 2022 to Dec. 2023 .

Russel Metals's Total Inventories for the quarter that ended in Mar. 2024 was C$843 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Russel Metals's Days Inventory for the quarter that ended in Mar. 2024 was 93.28.

Inventory Turnover measures how fast the company turns over its inventory within a year. Russel Metals's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.98.

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. Russel Metals's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.79.

Russel Metals Change In Inventory Historical Data

The historical data trend for Russel Metals's Change In 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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Russel Metals Change In Inventory Chart

Russel Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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202.50

169.00

-337.60

45.00

111.90

Russel Metals Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															15.20	-14.20	71.50	39.40	4.60

Russel Metals Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$101 Mil.

Russel Metals (TSX:RUS) Change In Inventory Explanation

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

Russel Metals's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	841.55	/	823.2	*	365 / 4
	=	93.28

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Russel Metals's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	823.2	/	841.55
	=	0.98

3. 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.

Russel Metals's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	841.55	/	1061.1
	=	0.79

Russel Metals Change In Inventory Related Terms

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Russel Metals (TSX:RUS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Russel Metals Inc (TSX:RUS) » Definitions » Change In Inventory

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Traded in Other Exchanges

RUSMF:USA RMZ:Germany

Address

6600 Financial Drive, Mississauga, ON, CAN, L5N 7J6

Website

https://www.russelmetals.com

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users. The energy products segment distributes oil country tubular goods, line pipe, tubes, valves, and fittings, primarily to the energy industry in Western Canada and the U.S. The steel distributors segment acts as master distributors selling steel in large volumes to other steel service centers and equipment manufacturers mainly on an "as is" basis. The company generates all of its revenue from the North American market.

Executives

Cynthia Johnston

Director

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