Days Inventory is also known as Days Sales of Inventory (DSI). MarineMax's Average Total Inventories for the
three
months ended in Dec. 2023 was $845 Mil. MarineMax's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $352 Mil.
Hence, MarineMax's Days Inventory for the
three
months ended in Dec. 2023 was 219.06.
The historical rank and industry rank for MarineMax's Days Inventory or its related term are showing as below:
HZO'
s Days Inventory Range Over the Past 10 Years
Min: 68.77 Med: 156.73 Max: 186.17
Current: 171.92
During the past 13 years, MarineMax's highest Days Inventory was 186.17. The lowest was 68.77. And the median was 156.73.
HZO's Days Inventory is ranked worse than 70.32% of 1068
companies
in the Retail - Cyclical industry
Industry Median: 110.545
vs HZO: 171.92
MarineMax's Days Inventory
increased
from Dec. 2022 (150.61) to Dec. 2023 (219.06).
It might indicate that MarineMax's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
MarineMax's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.42.
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.
MarineMax's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.60.
MarineMax Days Inventory Historical Data
The historical data trend for MarineMax'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.
For the Specialty Retail subindustry, MarineMax'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.
MarineMax Days Inventory Distribution
For the Retail - Cyclical industry and Consumer Cyclical sector, MarineMax's Days Inventory distribution charts can be found below:
* The bar in red indicates where MarineMax's Days Inventory falls into.
MarineMax Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
MarineMax's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as
* 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.
MarineMax (NYSE:HZO) 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.
MarineMax's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
MarineMax's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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.
MarineMax Days Inventory Related Terms
Thank you for viewing the detailed overview of MarineMax's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
MarineMax Inc is a United-States-based company that sells new and used recreational boats under premium brands, and related marine products, like engines, parts, and accessories. The company is also engaged in other businesses, including providing services of repair, maintenance, and storage; managing related boat financing, insurance, and others; offering brokerage sales of boats and yachts; and operating a yacht charter business. The reportable segments of the company are Retail Operations and Product Manufacturing. The Retail Operations segment generates the majority of the company's revenue. The sale of new and used boats accounts for the majority of the company's total revenue. It serves customers across the U.S.
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