Russel Metals (Russel Metals) Days Inventory : 97.57 (As of Dec. 2023)

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What is Russel Metals Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Russel Metals's Average Total Inventories for the three months ended in Dec. 2023 was $640 Mil. Russel Metals's Cost of Goods Sold for the three months ended in Dec. 2023 was $598 Mil. Hence, Russel Metals's Days Inventory for the three months ended in Dec. 2023 was 97.57.

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

RUSMF' s Days Inventory Range Over the Past 10 Years
Min: 89.88 Med: 103.94 Max: 134.59
Current: 94.55

During the past 13 years, Russel Metals's highest Days Inventory was 134.59. The lowest was 89.88. And the median was 103.94.

RUSMF's Days Inventory is ranked worse than
54.23% of 142 companies
in the Industrial Distribution industry
Industry Median: 87.29 vs RUSMF: 94.55

Russel Metals's Days Inventory declined from Dec. 2022 (104.85) to Dec. 2023 (97.57).

Inventory Turnover measures how fast the company turns over its inventory within a year. Russel Metals's Inventory Turnover for the three months ended in Dec. 2023 was 0.94.

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. Russel Metals's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.84.

Russel Metals Days Inventory Historical Data

The historical data trend for Russel Metals'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.

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Russel Metals Days Inventory Chart

Russel Metals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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115.13

132.56

103.67

92.68

92.33

Russel Metals Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															104.85	93.80	92.94	95.32	97.57

Competitive Comparison of Russel Metals's Days Inventory

For the Industrial Distribution subindustry, Russel Metals'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.

Russel Metals's Days Inventory Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Russel Metals's Days Inventory distribution charts can be found below:

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

Russel Metals Days Inventory Calculation

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

Russel Metals'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
=	( (704.085	+	626.342)	/	2 )	/	2629.77	*	365
=	665.2135					/	2629.77	*	365
=	92.33

Russel Metals'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
=	( (652.723	+	626.342)	/	2 )	/	598.091	*	365 / 4
=	639.5325					/	598.091	*	365 / 4
=	97.57

Russel Metals (OTCPK:RUSMF) 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.

Russel Metals's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	598.091	/	639.5325
	=	0.94

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.

Russel Metals's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	639.5325	/	759.764
	=	0.84

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.

Russel Metals Days Inventory Related Terms

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

Russel Metals (Russel Metals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Russel Metals Inc (OTCPK:RUSMF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

RMZ:Germany RUS:Canada

Address

6600 Financial Drive, Mississauga, ON, CAN, L5N 7J6

Website

https://www.russelmetals.com

Russel Metals Inc is a Canada-based metal distribution company. The company conducts business primarily through three metals distribution segments: metals service centers; energy products; and steel distributors. The metal service centers provide processing and distribution services to a broad base of end-users. The energy products segment distributes oil country tubular goods, line pipe, tubes, valves, and fittings, primarily to the energy industry in Western Canada and the U.S. The steel distributors segment acts as master distributors selling steel in large volumes to other steel service centers and equipment manufacturers mainly on an "as is" basis. The company generates all of its revenue from the North American market.