Reliance Worldwide (ASX:RWC) Days Inventory

: 147.83 (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

Days Inventory is also known as Days Sales of Inventory (DSI). Reliance Worldwide's Average Total Inventories for the six months ended in Dec. 2023 was A$434 Mil. Reliance Worldwide's Cost of Goods Sold for the six months ended in Dec. 2023 was A$536 Mil. Hence, Reliance Worldwide's Days Inventory for the six months ended in Dec. 2023 was 147.83.

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

ASX:RWC' s Days Inventory Range Over the Past 10 Years
Min: 116.41 Med: 127.04 Max: 169.64
Current: 150.17

During the past 7 years, Reliance Worldwide's highest Days Inventory was 169.64. The lowest was 116.41. And the median was 127.04.

ASX:RWC's Days Inventory is ranked worse than
81.18% of 1392 companies
in the Construction industry
Industry Median: 48.6 vs ASX:RWC: 150.17

Reliance Worldwide's Days Inventory declined from Dec. 2022 (157.50) to Dec. 2023 (147.83).

Inventory Turnover measures how fast the company turns over its inventory within a year. Reliance Worldwide's Inventory Turnover for the six months ended in Dec. 2023 was 1.23.

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. Reliance Worldwide's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.49.

Reliance Worldwide Days Inventory Historical Data

The historical data trend for Reliance Worldwide'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.

Reliance Worldwide Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

Get a 7-Day Free Trial

121.76

119.20

116.41

127.04

140.82

Reliance Worldwide Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial										147.60	141.64	157.50	147.82	147.83

Competitive Comparison

For the Building Products & Equipment subindustry, Reliance Worldwide'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.

Reliance Worldwide Days Inventory Distribution

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

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

Reliance Worldwide Days Inventory Calculation

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

Reliance Worldwide's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (449.008	+	431.205)	/	2 )	/	1140.738	*	365
=	440.1065					/	1140.738	*	365
=	140.82

Reliance Worldwide'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (431.205	+	437.557)	/	2 )	/	536.252	*	365 / 2
=	434.381					/	536.252	*	365 / 2
=	147.83

Reliance Worldwide (ASX:RWC) 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.

Reliance Worldwide's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	536.252	/	434.381
	=	1.23

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.

Reliance Worldwide's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	434.381	/	880.756
	=	0.49

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.

Reliance Worldwide Days Inventory Related Terms

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

Reliance Worldwide (ASX:RWC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reliance Worldwide Corp Ltd (ASX:RWC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

RLLWF:USA 0EU:Germany

Address

140 William Street, Level 26, Melbourne, VIC, AUS, 3000

Website

https://www.rwc.com

Reliance Worldwide designs, manufactures, and supplies branded plumbing products which are sold across North America, Asia-Pacific, and Europe. The company focuses on push-to-connect plumbing products, including fitting, pipes and valves, under its brands SharkBite, JG Speedfit, and EvoPex. Reliance's products are used in residential and commercial applications for the residential renovation, maintenance, and home improvement end-markets. Reliance sells around 45% of its products to plumbing wholesalers and merchants, 35% to hardware and home improvement retailers (including Home Depot, Lowe's, and Reece) and 20% to original equipment manufacturers of hot water systems.

Reliance Worldwide (ASX:RWC) Headlines

No Headlines