GURUFOCUS.COM » STOCK LIST » USA » NYSE » Steelcase Inc (NYSE:SCS) » Definitions » Days Inventory
Switch to:

Steelcase Days Inventory

: 85.12 (As of May. 2022)
View and export this data going back to 1998. Start your Free Trial

Days Inventory is also known as Days Sales of Inventory (DSI). Steelcase's Average Total Inventories for the three months ended in May. 2022 was $512 Mil. Steelcase's Cost of Goods Sold for the three months ended in May. 2022 was $549 Mil. Hence, Steelcase's Days Inventory for the three months ended in May. 2022 was 85.12.

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

SCS' s Days Inventory Range Over the Past 10 Years
Min: 25.24   Med: 30.01   Max: 94.32
Current: 59.91

During the past 13 years, Steelcase's highest Days Inventory was 94.32. The lowest was 25.24. And the median was 30.01.

SCS's Days Inventory is ranked better than
82.23% of 2679 companies
in the Industrial Products industry
Industry Median: 111.69 vs SCS: 59.91

Steelcase's Days Inventory increased from May. 2021 (69.77) to May. 2022 (85.12). It might indicate that Steelcase's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Steelcase's Inventory Turnover for the three months ended in May. 2022 was 1.07.

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. Steelcase's Inventory-to-Revenue for the three months ended in May. 2022 was 0.69.


Steelcase Days Inventory Historical Data

The historical data trend for Steelcase'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.

Steelcase Annual Data
Trend Feb13 Feb14 Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22
Days Inventory
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.95 31.72 32.00 59.92 94.32

Steelcase Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
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 69.77 40.60 44.34 76.92 85.12

Competitive Comparison

For the Business Equipment & Supplies subindustry, Steelcase'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.

   

Steelcase Days Inventory Distribution

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

* The bar in red indicates where Steelcase's Days Inventory falls into.



Steelcase Days Inventory Calculation

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

Steelcase's Days Inventory for the fiscal year that ended in Feb. 2022 is calculated as

Days Inventory (A: Feb. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Feb. 2021 ) + Total Inventories (A: Feb. 2022 )) / count ) / Cost of Goods Sold (A: Feb. 2022 )*Days in Period
=( (387 + 652.4) / 2 ) / 2011.2*365
=519.7 / 2011.2*365
=94.32

Steelcase's Days Inventory for the quarter that ended in May. 2022 is calculated as:

Days Inventory (Q: May. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Feb. 2022 ) + Total Inventories (Q: May. 2022 )) / count ) / Cost of Goods Sold (Q: May. 2022 )*Days in Period
=( (652.4 + 372) / 2 ) / 549.1*365 / 4
=512.2 / 549.1*365 / 4
=85.12

* 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.


Steelcase  (NYSE:SCS) 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.

Steelcase's Inventory Turnover for the three months ended in May. 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.

Steelcase's Inventory to Revenue for the three months ended in May. 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.


Steelcase Days Inventory Related Terms

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


Steelcase Business Description

Steelcase logo
Traded in Other Exchanges
Address
901 44th Street SE, Grand Rapids, MI, USA, 49508
Steelcase Inc is a furniture company primarily based in the United States and has operations in Europe, the Middle East, and Africa. Steelcase markets its products primarily through a network of independent and company-owned dealers. The company operates through the Americas segment, the EMEA segment and the Other category. The Americas segment offers architecture, furniture and technology products is marketed to corporate, government, healthcare, education and retail customers, EMEA segment provides furniture systems, storage and seating solutions.
Executives
Miller Steven Douglas officer: VP, Chief Technology Officer 901 44TH STREET SE GRAND RAPIDS MI 49508
Zondervan Robin L officer: Corporate Controller and CAO 901 44TH STREET SE GRAND RAPIDS MI 49508
Williams Linda K director 901 44TH STREET SE GRAND RAPIDS MI 49508
Flynn Donna K officer: VP, Global Talent Management 901 44TH STREET SE GRAND RAPIDS MI 49508
Schmelter Triona director 2021 SPRING ROAD SUITE 600 OAK BROOK IL 60523
Niemann Jennifer C director 901 44TH STREET SE GRAND RAPIDS MI 49508
Kelsey Todd P. director 55 JEWELERS PARK DRIVE NEENAH WI 54956
Brown Timothy C. E. director 901 44TH STREET SE GRAND RAPIDS MI 49508
Krestakos Robert G officer: VP, Global Operations 901 44TH STREET SE GRAND RAPIDS MI 49508
Lenhardt Terrence J officer: VP, Chief Information Officer 901 44TH STREET SE GRAND RAPIDS MI 49508
Moutrey Gale officer: VP, Communications 901 44TH STREET SE GRAND RAPIDS MI 49508
Khorramian Hamid officer: Senior VP, Global Operations 901 - 44TH STREET, SE GRAND RAPIDS MI 49508
Schmitt Eddy F officer: Senior VP, Americas 901 44TH STREET SE GRAND RAPIDS MI 49508
Alvarez Guillaume M officer: Senior VP, EMEA 901 44TH STREET SE GRAND RAPIDS MI 49508
Ludwig James N officer: VP, Global Design & Prod Eng 901 44TH STREET SE GRAND RAPIDS MI 49508

Steelcase Headlines

Other Sources

Why Steelcase Stock Fell Today

By Fool 2020-07-01

3 Top Stocks Under $20

By Fool 2020-04-11

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)