IES Holdings (IES Holdings) Days Inventory

: 19.47 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). IES Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $105 Mil. IES Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $491 Mil. Hence, IES Holdings's Days Inventory for the three months ended in Dec. 2023 was 19.47.

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

IESC' s Days Inventory Range Over the Past 10 Years
Min: 8.21 Med: 10.54 Max: 19.45
Current: 19.45

During the past 13 years, IES Holdings's highest Days Inventory was 19.45. The lowest was 8.21. And the median was 10.54.

IESC's Days Inventory is ranked better than
67.17% of 1392 companies
in the Construction industry
Industry Median: 48.6 vs IESC: 19.45

IES Holdings's Days Inventory increased from Dec. 2022 (18.65) to Dec. 2023 (19.47). It might indicate that IES Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. IES Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 4.69.

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. IES Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.17.

IES Holdings Days Inventory Historical Data

The historical data trend for IES 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.

IES Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Inventory

8.67

8.80

13.66

16.29

18.13

IES 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																18.65	20.08	19.99	17.79	19.47

Competitive Comparison

For the Engineering & Construction subindustry, IES 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.

IES Holdings Days Inventory Distribution

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

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

IES Holdings Days Inventory Calculation

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

IES Holdings's Days Inventory for the fiscal year that ended in Sep. 2023 is calculated as

	Days Inventory (A: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (96.333	+	95.655)	/	2 )	/	1932.688	*	365
=	95.994					/	1932.688	*	365
=	18.13

IES 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
=	( (95.655	+	113.774)	/	2 )	/	490.64	*	365 / 4
=	104.7145					/	490.64	*	365 / 4
=	19.47

IES Holdings (NAS:IESC) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	490.64	/	104.7145
	=	4.69

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	104.7145	/	634.444
	=	0.17

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.

IES Holdings Days Inventory Related Terms

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

IES Holdings (IES Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » IES Holdings Inc (NAS:IESC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

45T:Germany

Address

2 Riverway, Suite 1730, Houston, TX, USA, 77056

Website

https://www.ies-co.com

IES Holdings Inc owns and manages subsidiaries that design and installs integrated electrical and technology systems and provide infrastructure products and services. It has four business segments; Communications, Residential, Infrastructure Solutions and Commercial & Industrial. Majority of the revenue for the company is generated from its Residential segment in which the company provides electrical installation services for single-family housing and multi-family apartment complexes, as well as heating, ventilation and air conditioning (HVAC) and plumbing installation services. Through this segment it also provides services for the installation of residential solar power, both for new construction and existing residences.

Executives

Gendell Jeffrey L Et Al	director, 10 percent owner	200 PARK AVENUE SUITE 3900, NEW YORK NY 10166
Todd M Cleveland	director	107 W. FRANKLIN ST., ELKHART IN 46515
Mary K Newman	officer: VP, General Counsel & Corp Sec	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
Matthew J Simmes	officer: Chief Operating Officer	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
Alison M Petersen	officer: VP & Chief Accounting Officer	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
Tracy Mclauchlin	officer: SVP, CFO & Treasurer	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
David B. Gendell	director	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
Jennifer A Baldock	director	7 WITHERELL DRIVE, GREENWICH CT 06831
Elizabeth Leykum	director	C/O 5500 TRILLIUM BOULEVARD, SUITE 501, HOFFMAN ESTATES IL 60192
Gary S Matthews	director, officer: CEO and Director	5433 WESTHEIMER ROAD, SUITE 500, HOUSTON TX 77056
Donald L Luke	director	5433 WESTHEIMER RD, SUITE 500, HOUSTON TX 77056
Gail D Makode	officer: SVP, GC & Secretary	ONE SOUND SHORE DR, SUITE 304, GREENWICH CT 06830
Tontine Capital Management Llc	10 percent owner	C/O TORTINE PARTNERS LP, 55 RAILRAOD AVENUE 3RD FL, GREENWICH CT 06830
Tontine Capital Partners L P	10 percent owner	C/O TONTINE CAPITAL MANAGEMENT LLC LP, 55 RAILROAD AVENUE 3RD FL, GREENWICH CT 06830
Tontine Associates, Llc	10 percent owner	1 SOUND SHORE DRIVE, SUITE 304, GREENWICH CT 06830