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D.R. Horton Days Inventory

: 322.40 (As of Jun. 2022)
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Days Inventory is also known as Days Sales of Inventory (DSI). D.R. Horton's Average Total Inventories for the three months ended in Jun. 2022 was $20,773 Mil. D.R. Horton's Cost of Goods Sold for the three months ended in Jun. 2022 was $5,879 Mil. Hence, D.R. Horton's Days Inventory for the three months ended in Jun. 2022 was 322.40.

The historical rank and industry rank for D.R. Horton's Days Inventory or its related term are showing as below:

DHI' s Days Inventory Range Over the Past 10 Years
Min: 263.37   Med: 300.31   Max: 404.61
Current: 307.21

During the past 13 years, D.R. Horton's highest Days Inventory was 404.61. The lowest was 263.37. And the median was 300.31.

DHI's Days Inventory is ranked better than
57.58% of 99 companies
in the Homebuilding & Construction industry
Industry Median: 341.80 vs DHI: 307.21

D.R. Horton's Days Inventory increased from Jun. 2021 (266.86) to Jun. 2022 (322.40). It might indicate that D.R. Horton's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. D.R. Horton's Inventory Turnover for the three months ended in Jun. 2022 was 0.28.

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. D.R. Horton's Inventory-to-Revenue for the three months ended in Jun. 2022 was 2.36.


D.R. Horton Days Inventory Historical Data

The historical data trend for D.R. Horton'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.

D.R. Horton Annual Data
Trend Sep12 Sep13 Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 290.50 288.98 288.32 279.21 263.37

D.R. Horton Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
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 266.86 259.92 322.55 319.71 322.40

Competitive Comparison

For the Residential Construction subindustry, D.R. Horton'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.

   

D.R. Horton Days Inventory Distribution

For the Homebuilding & Construction industry and Consumer Cyclical sector, D.R. Horton's Days Inventory distribution charts can be found below:

* The bar in red indicates where D.R. Horton's Days Inventory falls into.



D.R. Horton Days Inventory Calculation

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

D.R. Horton's Days Inventory for the fiscal year that ended in Sep. 2021 is calculated as

Days Inventory (A: Sep. 2021 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Sep. 2020 ) + Total Inventories (A: Sep. 2021 )) / count ) / Cost of Goods Sold (A: Sep. 2021 )*Days in Period
=( (12237.4 + 16479.1) / 2 ) / 19899.2*365
=14358.25 / 19899.2*365
=263.37

D.R. Horton's Days Inventory for the quarter that ended in Jun. 2022 is calculated as:

Days Inventory (Q: Jun. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Mar. 2022 ) + Total Inventories (Q: Jun. 2022 )) / count ) / Cost of Goods Sold (Q: Jun. 2022 )*Days in Period
=( (19846.5 + 21698.9) / 2 ) / 5879.3*365 / 4
=20772.7 / 5879.3*365 / 4
=322.40

* 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.


D.R. Horton  (NYSE:DHI) 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.

D.R. Horton's Inventory Turnover for the three months ended in Jun. 2022 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.

D.R. Horton's Inventory to Revenue for the three months ended in Jun. 2022 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.


D.R. Horton Days Inventory Related Terms

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


D.R. Horton Business Description

D.R. Horton logo
Address
1341 Horton Circle, Arlington, TX, USA, 76011
D.R. Horton is a leading homebuilder in the United States with operations in 98 markets across 31 states. D.R. Horton mainly builds single-family detached homes (over 90% of home sales revenue) and offers products to entry-level, move-up, luxury buyers, and active adults. The company offers homebuyers mortgage financing and title agency services through its financial services segment. D.R. Horton's headquarters are in Arlington, Texas, and it manages six regional segments across the United States.
Executives
Romanowski Paul J officer: EVP and COO 1341 HORTON CIRCLE ARLINGTON TX 76011
Carson Benjamin Sr director PO BOX 3599 BATTLE CREEK MI 49016-3599
Miller Maribess L director 2711 N. HASKELL AVENUE SUITE 2300 DALLAS TX 75204
Odom Aron M. officer: VP, Controller and PAO 1341 HORTON CIRCLE ARLINGTON TX 76011
Murray Michael J officer: EVP and COO 1361 HORTON CIRCLE ARLINGTON TX 76011
Allen Barbara K director 1361 HORTON CIRCLE ARLINGTON TX 76011
Auld David V officer: EVP and COO 1361 HORTON CIRCLE ARLINGTON TX 76011
Buchanan Michael R director 1341 HORTON CIRCLE ARLINGTON TX 76011
Hewatt Michael W director 1361 HORTON CIRCLE ARLINGTON TX 76011
Anderson Bradley S director 1361 HORTON CIRCLE ARLINGTON TX 76011
Dwyer Stacey officer: EVP and Treasurer 301 COMMERCE STREET SUITE 500 FORT WORTH TX 76102
Horton Donald R director, officer: Chairman 1361 HORTON CIRCLE ARLINGTON TX 76011
Wheat Bill W director, officer: EVP and CFO 1361 HORTON CIRCLE ARLINGTON TX 76011
Tomnitz Donald J director, officer: President and CEO 2221 E. LAMAR BLVD. SUITE 790 ARLINGTON TX 76006
Scott Bobby G director 301 COMMERCE STREET SUITE 500 FORT WORTH TX 76102

D.R. Horton Headlines

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