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Rush Enterprises (Rush Enterprises) Days Inventory

: 96.42 (As of Dec. 2023)
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Days Inventory is also known as Days Sales of Inventory (DSI). Rush Enterprises's Average Total Inventories for the three months ended in Dec. 2023 was $1,737 Mil. Rush Enterprises's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,643 Mil. Hence, Rush Enterprises's Days Inventory for the three months ended in Dec. 2023 was 96.42.

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

RUSHA' s Days Inventory Range Over the Past 10 Years
Min: 79.62   Med: 91.92   Max: 103.26
Current: 92.68

During the past 13 years, Rush Enterprises's highest Days Inventory was 103.26. The lowest was 79.62. And the median was 91.92.

RUSHA's Days Inventory is ranked worse than
57.63% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 82.17 vs RUSHA: 92.68

Rush Enterprises's Days Inventory increased from Dec. 2022 (84.78) to Dec. 2023 (96.42). It might indicate that Rush Enterprises's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Rush Enterprises's Inventory Turnover for the three months ended in Dec. 2023 was 0.95.

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. Rush Enterprises's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.86.


Rush Enterprises Days Inventory Historical Data

The historical data trend for Rush Enterprises'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.

Rush Enterprises Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 101.70 103.26 84.98 79.62 93.12

Rush Enterprises Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 84.78 88.31 90.04 95.17 96.42

Competitive Comparison

For the Auto & Truck Dealerships subindustry, Rush Enterprises'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.


Rush Enterprises Days Inventory Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Rush Enterprises's Days Inventory distribution charts can be found below:

* The bar in red indicates where Rush Enterprises's Days Inventory falls into.



Rush Enterprises Days Inventory Calculation

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

Rush Enterprises'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
=( (1429.429 + 1801.447) / 2 ) / 6331.934*365
=1615.438 / 6331.934*365
=93.12

Rush Enterprises'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
=( (1671.623 + 1801.447) / 2 ) / 1643.397*365 / 4
=1736.535 / 1643.397*365 / 4
=96.42

* 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.


Rush Enterprises  (NAS:RUSHA) 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.

Rush Enterprises'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.

Rush Enterprises'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.


Rush Enterprises Days Inventory Related Terms

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


Rush Enterprises (Rush Enterprises) Business Description

Traded in Other Exchanges
Address
555 IH-35 South, Suite 500, New Braunfels, TX, USA, 78130
Rush Enterprises Inc is a full-service, integrated retailer of commercial vehicles and related services. The company operates in a single segment; Truck Segment includes the operation of a network of commercial vehicle dealerships under the name Rush Truck Centers. It sells commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, IC Bus, and Blue Bird and also provides one-stop service for the needs of commercial vehicle customers, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products. The company's business is concentrated in the United States commercial vehicle markets and related aftermarkets.
Executives
Rush William M Rusty officer: President & COO C/O RUSH ENTERPRISES INC, 555 IH 35 S., NEW BRAUFELS TX 78130
Steven L Keller officer: Vice President & CFO C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265
Amy Boerger director 2002 W WAHALLA LANE, PHOENIX AZ 85027
Jody Pollard officer: Senior Vice President 555 IH 35 SOUTH, SUITE 500, NEW BRAUNFELS TX 78130
Michael L Goldstone officer: VP, General Counsel & CS 555 IH 35 SOUTH, SUITE 500, NEW BRAUNFELS TX 78130
Scott T Anderson officer: VP Finance & Insurance C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265
Michael Mcroberts officer: Senior Vice President P. O. BOX 34630, SAN ANTONIO TX 78265
Raymond Joseph Chess director 1084 ANDANTE CT, OXFORD MI 48370
Derrek Weaver officer: VP, Chief Compliance Officer, General Counsel C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265
Troy A Clarke director C/O FUEL SYSTEMS SOLUTIONS, INC., 780 THIRD AVE. 25TH FLOOR, NEW YORK NY 10017
James E Thor officer: Senior V.P. of Retail Sales C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265
James C Underwood director C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265
Elaine Mendoza director 2223 POSTOAK COURT, SAN ANTONIO TX 78248
Richard J Ryan officer: S.V.P. Navistar Dealerships C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265
Thomas A Akin director C/O RUSH ENTERPRISES, INC., P. O. BOX 34630, SAN ANTONIO TX 78265