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Reliance Steel & Aluminum Co Days Inventory

: 62.48 (As of Jun. 2022)
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Days Inventory is also known as Days Sales of Inventory (DSI). Reliance Steel & Aluminum Co's Average Total Inventories for the three months ended in Jun. 2022 was $2,181 Mil. Reliance Steel & Aluminum Co's Cost of Goods Sold for the three months ended in Jun. 2022 was $3,186 Mil. Hence, Reliance Steel & Aluminum Co's Days Inventory for the three months ended in Jun. 2022 was 62.48.

The historical rank and industry rank for Reliance Steel & Aluminum Co's Days Inventory or its related term are showing as below:

RS' s Days Inventory Range Over the Past 10 Years
Min: 62.26   Med: 80.51   Max: 92.69
Current: 62.26

During the past 13 years, Reliance Steel & Aluminum Co's highest Days Inventory was 92.69. The lowest was 62.26. And the median was 80.51.

RS's Days Inventory is ranked better than
64.88% of 541 companies
in the Steel industry
Industry Median: 81.74 vs RS: 62.26

Reliance Steel & Aluminum Co's Days Inventory increased from Jun. 2021 (60.96) to Jun. 2022 (62.48). It might indicate that Reliance Steel & Aluminum Co's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Reliance Steel & Aluminum Co's Inventory Turnover for the three months ended in Jun. 2022 was 1.46.

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. Reliance Steel & Aluminum Co's Inventory-to-Revenue for the three months ended in Jun. 2022 was 0.47.


Reliance Steel & Aluminum Co Days Inventory Historical Data

The historical data trend for Reliance Steel & Aluminum 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.

Reliance Steel & Aluminum Co Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 85.77 78.35 82.67 92.69 66.24

Reliance Steel & Aluminum Co 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 60.96 60.96 65.52 60.00 62.48

Competitive Comparison

For the Steel subindustry, Reliance Steel & Aluminum 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.

   

Reliance Steel & Aluminum Co Days Inventory Distribution

For the Steel industry and Basic Materials sector, Reliance Steel & Aluminum Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Reliance Steel & Aluminum Co's Days Inventory falls into.



Reliance Steel & Aluminum Co Days Inventory Calculation

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

Reliance Steel & Aluminum Co's Days Inventory for the fiscal year that ended in Dec. 2021 is calculated as

Days Inventory (A: Dec. 2021 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2020 ) + Total Inventories (A: Dec. 2021 )) / count ) / Cost of Goods Sold (A: Dec. 2021 )*Days in Period
=( (1420.4 + 2065) / 2 ) / 9603*365
=1742.7 / 9603*365
=66.24

Reliance Steel & Aluminum Co'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
=( (2010.3 + 2352.1) / 2 ) / 3185.8*365 / 4
=2181.2 / 3185.8*365 / 4
=62.48

* 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.


Reliance Steel & Aluminum Co  (NYSE:RS) 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.

Reliance Steel & Aluminum Co'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.

Reliance Steel & Aluminum Co'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.


Reliance Steel & Aluminum Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Reliance Steel & Aluminum Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Reliance Steel & Aluminum Co Business Description

Reliance Steel & Aluminum Co logo
Traded in Other Exchanges
Address
350 South Grand Avenue, Suite 5100, Los Angeles, CA, USA, 90071
Reliance Steel & Aluminum is a metal service center in the United States, providing metal processing and inventory management services for carbon and stainless steel, aluminum, and alloys. The company provides over 100,000 product types to approximately more than 125,000 customers. Reliance predominantly supplies the nonresidential construction, automotive, aerospace, energy, transportation, and heavy equipment end markets. Its product offerings comprise alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products.
Executives
Dellaquila Frank J director EMERSON ELECTRIC CO. 8000 W. FLORISSANT AVENUE ST. LOUIS MO 63136
Stotlar Douglas director C/O LSC COMMUNICATIONS, INC. 191 N. WACKER DRIVE, SUITE 1400 CHICAGO IL 60606
Seeger David W director 227 WEST MONROE STREET, SUITE 2600 CHICAGO IL 60606
Baldwin Lisa director 350 SOUTH GRAND AVENUE, SUITE 5100 LOS ANGELES CA 90071
Mcevoy Robert Ambrose director 350 SOUTH GRAND AVENUE, SUITE 5100 LOS ANGELES CA 90071
Figueroa John G. director 350 SOUTH GRAND AVENUE SUITE 5100 LOS ANGELES CA 90071
Colonias Karen Winifred director 5956 W. LAS POSITAS BLVD. PLEASANTON CA 94588
Kaminski Mark V director C/O COMMONWEALTH INDUSTRIES INC 500 WEST JEFFERSON SUITE 1900 LOUISVILLE KY 40202
Sharkey Andrew G Iii director 350 S. GRAND AVENUE, SUITE 5100 LOS ANGELES CA 90071
Lewis Karla R director, officer: President 350 S GRAND AVE STE 5100 LOS ANGELES CA 90071
Sales William K Jr officer: Special Advisor RELIANCE STEEL & ALUMINUM CO 350 S. GRAND AVE., SUITE 5100 LOS ANGELES CA 90071
Mollins Sean Michael officer: SVP, Operations 350 SOUTH GRAND AVENUE, SUITE 5100 LOS ANGELES CA 90071
Smith William A Ii officer: SVP, General Counsel, Corp Sec 350 S. GRAND AVE. SUITE 5100 LOS ANGELES CA 90071
Hoffman James Donald director, officer: CEO 350 S. GRAND AVE., STE 5100 LOS ANGELES CA 90071
Koch Stephen Paul officer: Sr. VP, Operations 350 S. GRAND AVE., STE. 5100 LOS ANGELES CA 90071

Reliance Steel & Aluminum Co Headlines

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