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Days Inventory is also known as Days Sales of Inventory (DSI). Redfin's Average Total Inventories for the three months ended in Dec. 2023 was $0 Mil. Redfin's Cost of Goods Sold for the three months ended in Dec. 2023 was $145 Mil. Hence, Redfin's Days Inventory for the three months ended in Dec. 2023 was 0.00.
The historical rank and industry rank for Redfin's Days Inventory or its related term are showing as below:
During the past 10 years, Redfin's highest Days Inventory was 111.73. The lowest was 4.78. And the median was 34.53.
Redfin's Days Inventory declined from Dec. 2022 (113.95) to Dec. 2023 (0.00).
Inventory Turnover measures how fast the company turns over its inventory within a year.
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. Redfin's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.
The historical data trend for Redfin'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.
For the Real Estate Services subindustry, Redfin'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.
For the Real Estate industry and Real Estate sector, Redfin's Days Inventory distribution charts can be found below:
* The bar in red indicates where Redfin's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Redfin'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 |
= | ( (114.273 | + | 0) | / | 1 ) | / | 646.853 | * | 365 |
= | 114.273 | / | 646.853 | * | 365 | ||||
= | 64.48 |
Redfin'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 |
= | ( (0 | + | 0) | / | 1 ) | / | 144.926 | * | 365 / 4 |
= | 0 | / | 144.926 | * | 365 / 4 | ||||
= | 0.00 |
* 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.
Redfin (NAS:RDFN) 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.
Redfin's Inventory Turnover for the three months ended in Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 144.926 | / | 0 | |
= |
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.
Redfin's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 0 | / | 218.077 | |
= | 0.00 |
* 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.
Thank you for viewing the detailed overview of Redfin's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher John Nielsen | officer: Chief Financial Officer | C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101 |
Bridget Frey | officer: Chief Technology Officer | C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101 |
Anna Stevens | officer: Chief Human Resources Officer | 3400 CUMBERLAND BOULEVARD, ATLANTA GA 30339 |
Anthony Ray Kappus | officer: Chief Legal Officer | C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101 |
Christian John Taubman | officer: Chief Product Officer | C/O REDFIN CORPORATION, 1099 STEWART STREET SUITE 600, SEATTLE WA 98101 |
James Slavet | director | C/O DFJ VENTURE CAPITAL, 2882 SAND HILL ROAD, SUITE 150, MENLO PARK CA 94025 |
Glenn Kelman | director, officer: See Remarks | 500 SANSOME STREET, SAN FRANCISCO CA 94111 |
David H Lissy | director | C/O BRIGHT HORIZONS FAMILY SOLUTIONS, 2 WELLS AVENUE, NEWTON MA 02459 |
Bradley E Singer | director | ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129 |
Mylod Robert J Jr | director | |
Scott Nagel | officer: See Remarks | C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101 |
Adam Wiener | officer: Chief Growth Officer | C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101 |
Selina Tobaccowala | director | C/O REDFIN CORPORATION, 1099 STEWART STREET, SUITE 600, SEATTLE WA 98101 |
Kerry D Chandler | director | 1020 HULL STREET, BALTIMORE MD 21230 |
Robert J Bass | director | C/O GROUPON, INC., 600 WEST CHICAGO AVENUE, SUITE 620, CHICAGO IL 60654 |
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