FirstCash Holdings (FirstCash Holdings) Days Inventory : 65.79 (As of Dec. 2023)

View and export this data going back to 1992. Start your Free Trial

What is FirstCash Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). FirstCash Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $313 Mil. FirstCash Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $434 Mil. Hence, FirstCash Holdings's Days Inventory for the three months ended in Dec. 2023 was 65.79.

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

FCFS' s Days Inventory Range Over the Past 10 Years
Min: 63.9 Med: 111.46 Max: 160.07
Current: 63.9

During the past 13 years, FirstCash Holdings's highest Days Inventory was 160.07. The lowest was 63.90. And the median was 111.46.

FCFS's Days Inventory is ranked worse than
57.43% of 101 companies
in the Credit Services industry
Industry Median: 40.39 vs FCFS: 63.90

FirstCash Holdings's Days Inventory declined from Dec. 2022 (66.55) to Dec. 2023 (65.79).

Inventory Turnover measures how fast the company turns over its inventory within a year. FirstCash Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 1.39.

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. FirstCash Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.37.

FirstCash Holdings Days Inventory Historical Data

The historical data trend for FirstCash Holdings'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.

FirstCash Holdings Days Inventory Chart

FirstCash Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

Get a 7-Day Free Trial

116.56

115.46

106.17

68.75

66.63

FirstCash Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															66.55	60.07	60.19	66.72	65.79

Competitive Comparison of FirstCash Holdings's Days Inventory

For the Credit Services subindustry, FirstCash Holdings'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.

FirstCash Holdings's Days Inventory Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, FirstCash Holdings's Days Inventory distribution charts can be found below:

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

FirstCash Holdings Days Inventory Calculation

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

FirstCash Holdings'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
=	( (288.339	+	312.089)	/	2 )	/	1644.557	*	365
=	300.214					/	1644.557	*	365
=	66.63

FirstCash Holdings'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
=	( (314.382	+	312.089)	/	2 )	/	434.485	*	365 / 4
=	313.2355					/	434.485	*	365 / 4
=	65.79

FirstCash Holdings (NAS:FCFS) 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.

FirstCash Holdings's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	434.485	/	313.2355
	=	1.39

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.

FirstCash Holdings's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	313.2355	/	852.134
	=	0.37

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.

FirstCash Holdings Days Inventory Related Terms

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

FirstCash Holdings (FirstCash Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » FirstCash Holdings Inc (NAS:FCFS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

FF60:Germany

Address

1600 West 7th Street, Fort Worth, TX, USA, 76102

Website

https://www.firstcash.com

FirstCash Holdings Inc operates pawn stores in the United States and Latin America. Its primary business involves making small loans secured by personal property. These pawn loans give the borrower the option of either repaying the loans with interest or forfeiting the property without further penalty. Close to 30% of total company revenue comes from interest earned on the loans. Close to 70% of total revenue comes from reselling forfeited property in the company's retail stores. Revenue is split almost equally between loans made in the United States, where the company has more than 300 retail locations, and loans made in Latin America, where the company has over 700 locations in Mexico and several more in Guatemala.

Executives

R Douglas Orr	officer: EVP & Chief Financial Officer	1600 WEST 7TH STREET, FORT WORTH TX 76102
Douglas Richard Rippel	director, 10 percent owner	8425 MYSTIC LAKES, MAIZE KS 67101
Randel G Owen	director	C/O EMERGENCY MEDICAL SERVICES CORP, 6200 SOUTH SYRACUSE WAY, GREENWOOD VILLAGE CO 80111
Howard F Hambleton	officer: AFF President	1660 WEST 7TH ST., FORT WORTH TX 76102
Raul Ramos	officer: SVP Latin American Operations	1600 WEST 7TH STREET, FORT WORTH TX 76102
James H Graves	director	ERWIN GRAVES & ASSOCIATES, 2100 MCKINNEY AVE STE 900, DALLAS TX 75205
Marthea Davis	director	1600 WEST 7TH ST., FORT WORTH TX 76102
Douglas R. Rippel Revocable Trust	10 percent owner	7570 W. 21ST STREET N, BUILDING 1010, SUITE C, WICHITA KS 67205
Aff Services, Inc.	10 percent owner	7570 W. 21ST STREET N, BUILDING 1010, SUITE C, WICHITA KS 67205
Paula K Garrett	director	1600 WEST 7TH ST, FORT WORTH TX 76102
Mikel D Faulkner	director	180 STATE STREET 200, SOUTHLAKE TX 76092
Daniel R Feehan	director	CASH AMERICA INTL INC, 1600 W &TH ST, FORT WORTH TX 76102
Thomas Brent Stuart	officer: President and COO	1600 W. 7TH STREET, FORT WORTH TX 76102
Anna M Alvarado	officer: General Counsel	1600 WEST 7TH STREET, FORT WORTH TX 76102
Daniel E Berce	director	801 CHERRY STREET, SUITE 3900, C/O GM FINANCIAL COMPANY, INC., FORT WORTH TX 76102