What is Zurn Elkay Water Solutions Days Inventory?
Days Inventory is also known as Days Sales of Inventory (DSI). Zurn Elkay Water Solutions's Average Total Inventories for the
three
months ended in Dec. 2023 was $281 Mil. Zurn Elkay Water Solutions's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $201 Mil.
Hence, Zurn Elkay Water Solutions's Days Inventory for the
three
months ended in Dec. 2023 was 127.61.
The historical rank and industry rank for Zurn Elkay Water Solutions's Days Inventory or its related term are showing as below:
ZWS'
s Days Inventory Range Over the Past 10 Years
Min: 89.46 Med: 104.85 Max: 298.59
Current: 131.66
During the past 13 years, Zurn Elkay Water Solutions's highest Days Inventory was 298.59. The lowest was 89.46. And the median was 104.85.
ZWS's Days Inventory is ranked worse than 55.07% of 2907
companies
in the Industrial Products industry
Industry Median: 120.15
vs ZWS: 131.66
Zurn Elkay Water Solutions's Days Inventory
declined
from Dec. 2022 (151.54) to Dec. 2023 (127.61).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Zurn Elkay Water Solutions's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.72.
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.
Zurn Elkay Water Solutions's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.79.
Zurn Elkay Water Solutions Days Inventory Historical Data
The historical data trend for Zurn Elkay Water Solutions'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.
Competitive Comparison of Zurn Elkay Water Solutions's Days Inventory
For the Pollution & Treatment Controls subindustry, Zurn Elkay Water Solutions'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.
Zurn Elkay Water Solutions's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Zurn Elkay Water Solutions's Days Inventory distribution charts can be found below:
* The bar in red indicates where Zurn Elkay Water Solutions's Days Inventory falls into.
Zurn Elkay Water Solutions Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Zurn Elkay Water Solutions's Days Inventory for the fiscal year that 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.
Zurn Elkay Water Solutions (NYSE:ZWS) 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.
Zurn Elkay Water Solutions'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.
Zurn Elkay Water Solutions'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.
Zurn Elkay Water Solutions Days Inventory Related Terms
Thank you for viewing the detailed overview of Zurn Elkay Water Solutions's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Zurn Elkay Water Solutions (Zurn Elkay Water Solutions) Business Description
Zurn Elkay Water Solutions Corp designs procure, manufactures, and markets a range of clean water solutions for drinking water, hygiene, and sustainable water management. The Zurn Elkay product portfolio includes professional-grade water control and safety, water distribution and drainage, drinking water, finish plumbing, hygienic, environmental and site works products for public and private spaces.
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