Core & Main (Core & Main) Days Inventory

: 68.70 (As of Jan. 2024)

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Days Inventory is also known as Days Sales of Inventory (DSI). Core & Main's Average Total Inventories for the three months ended in Jan. 2024 was $795 Mil. Core & Main's Cost of Goods Sold for the three months ended in Jan. 2024 was $1,056 Mil. Hence, Core & Main's Days Inventory for the three months ended in Jan. 2024 was 68.70.

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

CNM' s Days Inventory Range Over the Past 10 Years
Min: 47.18 Med: 60.77 Max: 71.52
Current: 68.2

During the past 6 years, Core & Main's highest Days Inventory was 71.52. The lowest was 47.18. And the median was 60.77.

CNM's Days Inventory is ranked better than
64.08% of 142 companies
in the Industrial Distribution industry
Industry Median: 87.29 vs CNM: 68.20

Core & Main's Days Inventory declined from Jan. 2023 (100.05) to Jan. 2024 (68.70).

Inventory Turnover measures how fast the company turns over its inventory within a year. Core & Main's Inventory Turnover for the three months ended in Jan. 2024 was 1.33.

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. Core & Main's Inventory-to-Revenue for the three months ended in Jan. 2024 was 0.55.

Core & Main Days Inventory Historical Data

The historical data trend for Core & Main'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.

Core & Main Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Inventory

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47.18

47.55

60.77

71.52

67.75

Core & Main Quarterly Data
	Jan19	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													100.05	83.49	64.61	58.87	68.70

Competitive Comparison

For the Industrial Distribution subindustry, Core & Main'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.

Core & Main Days Inventory Distribution

For the Industrial Distribution industry and Industrials sector, Core & Main's Days Inventory distribution charts can be found below:

* The bar in red indicates where Core & Main's Days Inventory falls into.

Core & Main Days Inventory Calculation

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

Core & Main's Days Inventory for the fiscal year that ended in Jan. 2024 is calculated as

	Days Inventory (A: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jan. 2023 )	+	Total Inventories (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (1047	+	766)	/	2 )	/	4884	*	365
=	906.5					/	4884	*	365
=	67.75

Core & Main'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
=	( (824	+	766)	/	2 )	/	1056	*	365 / 4
=	795					/	1056	*	365 / 4
=	68.70

Core & Main (NYSE:CNM) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1056	/	795
	=	1.33

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	795	/	1440
	=	0.55

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.

Core & Main Days Inventory Related Terms

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

Core & Main (Core & Main) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Core & Main Inc (NYSE:CNM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1830 Craig Park Court, Saint Louis, MO, USA, 63146

Website

https://www.coreandmain.com

Core & Main Inc is a distributor of water, sewer, storm drain, and fire protection products in the United States. It combines local expertise with a national supply chain to provide contractors and municipalities solutions for new construction and aging infrastructure.

Executives

John R Schaller	officer: President, Waterworks	C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Orvin T Kimbrough	director	C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Stephen O Leclair	director, officer: Chief Executive Officer	3100 CUMBERLAND BLVD, SUITE 1700, ATLANTA GA 30339
Laura K Schneider	officer: Chief Human Resources Officer	C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Jeffrey D Giles	officer: VP, Corporate Department	C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Cd&r Fund X Waterworks B1, L.p.	10 percent owner	C/O CLAYTON, DUBILIER & RICE, LLC, 375 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10152
John Weldon Stephens	officer: VP, Corp. Controller	C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Mark R Witkowski	officer: Chief Financial Officer	C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Bradford A Cowles	officer: President, Fire Protection	C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
James G Castellano	director	C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Mark G Whittenburg	officer: General Counsel and Secretary	C/O CORE & MAIN, INC., 1830 CRAIG PARK COURT, ST. LOUIS MO 63146
Robert M Buck	director	260 JIMMY ANN DRIVE, DAYTONA BEACH FL 32114
Bhavani Amirthalingam	director	1901 CHOUTEAU AVENUE, P.O. BOX 66149, ST. LOUIS MO 63166-6149
Margaret Newman	director	KEURIG DR PEPPER INC., 53 SOUTH AVE., BURLINGTON MA 01803
Kathleen M Mazzarella	director	C/O GRAYBAR ELECTRIC CO., INC, 34 N. MERAMEC AVENUE, CLAYTON MO 63105