Days Inventory is also known as Days Sales of Inventory (DSI). Flexsteel Industries's Average Total Inventories for the
three
months ended in Dec. 2023 was $113.0 Mil. Flexsteel Industries's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $78.2 Mil.
Hence, Flexsteel Industries's Days Inventory for the
three
months ended in Dec. 2023 was 131.95.
The historical rank and industry rank for Flexsteel Industries's Days Inventory or its related term are showing as below:
FLXS'
s Days Inventory Range Over the Past 10 Years
Min: 91.31 Med: 99.1 Max: 148.88
Current: 130.77
During the past 13 years, Flexsteel Industries's highest Days Inventory was 148.88. The lowest was 91.31. And the median was 99.10.
FLXS's Days Inventory is ranked worse than 67% of 406
companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 106.705
vs FLXS: 130.77
Flexsteel Industries's Days Inventory
declined
from Dec. 2022 (137.06) to Dec. 2023 (131.95).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Flexsteel Industries's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.69.
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.
Flexsteel Industries's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.13.
Flexsteel Industries Days Inventory Historical Data
The historical data trend for Flexsteel Industries'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 Furnishings, Fixtures & Appliances subindustry, Flexsteel Industries'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.
Flexsteel Industries Days Inventory Distribution
For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Flexsteel Industries's Days Inventory distribution charts can be found below:
* The bar in red indicates where Flexsteel Industries's Days Inventory falls into.
Flexsteel Industries Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Flexsteel Industries's Days Inventory for the fiscal year that ended in Jun. 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.
Flexsteel Industries (NAS:FLXS) 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.
Flexsteel Industries'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.
Flexsteel Industries'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.
Flexsteel Industries Days Inventory Related Terms
Thank you for viewing the detailed overview of Flexsteel Industries's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Flexsteel Industries (Flexsteel Industries) Business Description
Flexsteel Industries Inc is a United States-based company that manufactures, imports, and markets residential upholstered wooden furniture products. The products offering include sofas, loveseats, chairs, rockers, desks, tables, convertible bedding units, and bedroom furniture. The company's products are intended for use in home, office, hotel, healthcare, and other contract applications. A featured component in the company's upholstered furniture is the durable Blue Steel Spring. It operates in the business segment of Furniture products. The company's furniture products business involves the distribution of manufactured and imported products for residential and contract markets, of which key revenue is derived from the residential market.
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