Comfort Systems USA (Comfort Systems USA) Days Inventory

: 5.06 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Comfort Systems USA's Average Total Inventories for the three months ended in Dec. 2023 was $60 Mil. Comfort Systems USA's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,078 Mil. Hence, Comfort Systems USA's Days Inventory for the three months ended in Dec. 2023 was 5.06.

The historical rank and industry rank for Comfort Systems USA's Days Inventory or its related term are showing as below:

FIX' s Days Inventory Range Over the Past 10 Years
Min: 1.86 Med: 2.47 Max: 4.37
Current: 4.04

During the past 13 years, Comfort Systems USA's highest Days Inventory was 4.37. The lowest was 1.86. And the median was 2.47.

FIX's Days Inventory is ranked better than
88.03% of 1395 companies
in the Construction industry
Industry Median: 48.33 vs FIX: 4.04

Comfort Systems USA's Days Inventory increased from Dec. 2022 (3.70) to Dec. 2023 (5.06). It might indicate that Comfort Systems USA's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Comfort Systems USA's Inventory Turnover for the three months ended in Dec. 2023 was 18.05.

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. Comfort Systems USA's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.04.

Comfort Systems USA Days Inventory Historical Data

The historical data trend for Comfort Systems USA'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.

Comfort Systems USA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

1.94

1.86

2.57

3.07

4.37

Comfort Systems USA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																3.70	3.40	3.36	3.96	5.06

Competitive Comparison

For the Engineering & Construction subindustry, Comfort Systems USA'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.

Comfort Systems USA Days Inventory Distribution

For the Construction industry and Industrials sector, Comfort Systems USA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Comfort Systems USA's Days Inventory falls into.

Comfort Systems USA Days Inventory Calculation

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

Comfort Systems USA'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
=	( (35.309	+	65.538)	/	2 )	/	4216.251	*	365
=	50.4235					/	4216.251	*	365
=	4.37

Comfort Systems USA'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
=	( (53.899	+	65.538)	/	2 )	/	1077.881	*	365 / 4
=	59.7185					/	1077.881	*	365 / 4
=	5.06

Comfort Systems USA (NYSE:FIX) 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.

Comfort Systems USA's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1077.881	/	59.7185
	=	18.05

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.

Comfort Systems USA's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	59.7185	/	1357.566
	=	0.04

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.

Comfort Systems USA Days Inventory Related Terms

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

Comfort Systems USA (Comfort Systems USA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Comfort Systems USA Inc (NYSE:FIX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

9CF:Germany 9CF:Germany

Address

675 Bering Drive, Suite 400, Houston, TX, USA, 77057

Website

https://www.comfortsystemsusa.com

Comfort Systems USA Inc provides comprehensive mechanical contracting services, including heating, ventilation, & air conditioning, or HVAC; plumbing; piping & controls; construction; and other electrical components. Projects are mainly for commercial, industrial, & institutional buildings, & tend to be geared toward HVAC. Revenue is roughly split between installation services for newly constructed facilities & maintenance services for existing buildings. The company installs & repairs products and systems throughout the United States. It operates in two segments, Mechanical services & Electrical services, the majority is from the Mechanical services segment.

Executives

Skidmore Constance Ellen	director	675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Rhoman J Hardy	director	2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201
William J Sandbrook	director	C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039
Vance W Tang	director	C/O KONE INC., 4225 NAPERVILLE ROAD, SUITE 400, LISLE IL 60532
Laura Finley Howell	officer: VP, General Counsel, Secretary	675 BERING DRIVE SUITE 400, HOUSTON TX 77057
Franklin Myers	director	C/O CAMERON INT'L CORPORATION, 1333 WEST LOOP S. #1700, HOUSTON TX 77027
Brian E. Lane	officer: President / CEO	COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Julie Shaeff	officer: Chief Accounting Officer	COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Cindy L. Wallis-lage	director	C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
William Iii George	officer: Chief Financial Officer	675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Herman E Bulls	director	JONES LANG LASALLE, 1801 K STREET NW SUITE 1000, WASHINGTON DC 20006
T Mckenna Trent	officer: VP, General Counsel & Secy	C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057
Darcy Anderson	director	C/O PEROT SYSTEMS CORP, 2300 WEST PLANO PKWY, PLANO TX 75075
Pablo G. Mercado,	director	920 MEMORIAL CITY WAY, SUITE 800, HOUSTON TX 77024
Alan Krusi	director	AECOM, 555 SOUTH FLOWER ST. 37TH FLOOR, LOS ANGELES CA 90071