Gorman-Rupp Co (Gorman-Rupp Co) Days Inventory

: 86.43 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Gorman-Rupp Co's Average Total Inventories for the three months ended in Dec. 2023 was $103.8 Mil. Gorman-Rupp Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $109.6 Mil. Hence, Gorman-Rupp Co's Days Inventory for the three months ended in Dec. 2023 was 86.43.

The historical rank and industry rank for Gorman-Rupp Co's Days Inventory or its related term are showing as below:

GRC' s Days Inventory Range Over the Past 10 Years
Min: 84.81 Med: 99.12 Max: 111.64
Current: 86.89

During the past 13 years, Gorman-Rupp Co's highest Days Inventory was 111.64. The lowest was 84.81. And the median was 99.12.

GRC's Days Inventory is ranked better than
69.17% of 2906 companies
in the Industrial Products industry
Industry Median: 120.985 vs GRC: 86.89

Gorman-Rupp Co's Days Inventory declined from Dec. 2022 (90.52) to Dec. 2023 (86.43).

Inventory Turnover measures how fast the company turns over its inventory within a year. Gorman-Rupp Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.06.

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. Gorman-Rupp Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.65.

Gorman-Rupp Co Days Inventory Historical Data

The historical data trend for Gorman-Rupp Co'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.

Gorman-Rupp Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

100.90

111.64

108.78

92.06

84.81

Gorman-Rupp Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																90.52	90.46	88.90	83.87	86.43

Competitive Comparison

For the Specialty Industrial Machinery subindustry, Gorman-Rupp Co'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.

Gorman-Rupp Co Days Inventory Distribution

For the Industrial Products industry and Industrials sector, Gorman-Rupp Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Gorman-Rupp Co's Days Inventory falls into.

Gorman-Rupp Co Days Inventory Calculation

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

Gorman-Rupp Co'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
=	( (111.133	+	104.156)	/	2 )	/	463.258	*	365
=	107.6445					/	463.258	*	365
=	84.81

Gorman-Rupp Co'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
=	( (103.525	+	104.156)	/	2 )	/	109.627	*	365 / 4
=	103.8405					/	109.627	*	365 / 4
=	86.43

Gorman-Rupp Co (NYSE:GRC) 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.

Gorman-Rupp Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	109.627	/	103.8405
	=	1.06

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.

Gorman-Rupp Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	103.8405	/	160.565
	=	0.65

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.

Gorman-Rupp Co Days Inventory Related Terms

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Gorman-Rupp Co (Gorman-Rupp Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Gorman-Rupp Co (NYSE:GRC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GO4:Germany

Address

600 South Airport Road, Mansfield, OH, USA, 44903

Website

https://www.gormanrupp.com

Gorman-Rupp Co designs, manufactures and globally sells pumps & pump systems for use in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agriculture, fire protection, heating, ventilating & air conditioning, military, and other liquid-handling applications. It operates in one business segment, the manufacture & sale of pumps and pump systems, and generates revenue from the same. Geographically, it generates the majority of revenue from the United States.

Executives

Charmaine R Riggins	director	6524 RESERVE PINE DRIVE, CARY NC 27519
Kenneth R Reynolds	director	1424 GREENBRIER DRIVE, MT VERNON OH 43050
Scott A King	officer: Vice President	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
M Ann Harlan	director
Jeffrey S Gorman	director, officer: President & CEO	C/O GORMAN RUPP CO, POST OFFICE BOX 1218, MANSFIELD OH 44901
Christopher H Lake	director	C/O GORMAN RUPP CO, PO BOX 1217, MANSFIELD OH 44901
D Patrick Wischmeier	officer: VP, Information Technology	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
Angela M Morehead	officer: Treasurer and Asst. Secretary	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
Vincent K Petrella	director
Donald H Bullock	director
Sonja K Mcclelland	director	ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
Ronald D Pittenger	officer: Assistant Treasurer	THE GORMAN-RUPP COMPANY, 305 BOWMAN STREET, MANSFIELD OH 44903
Barbara A Woodman	officer: VP, Human Resources	600 SOUTH AIRPORT ROAD, MANSFIELD OH 44903
James Kerr	officer: Chief Financial Officer	5555 DARROW ROAD, HUDSON OH 44236
W Wayne Walston	director	C/O GORMAN RUPP CO, PO BOX 1217, MANSFIELD OH 44901