T. Rowe Price Group (T. Rowe Price Group) Days Inventory

: 0.00 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). T. Rowe Price Group's Average Total Inventories for the three months ended in Dec. 2023 was $0 Mil. T. Rowe Price Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $879 Mil. Hence, T. Rowe Price Group's Days Inventory for the three months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for T. Rowe Price Group's Days Inventory or its related term are showing as below:

TROW's Days Inventory is not ranked ^*
in the Asset Management industry.
Industry Median: 76.77
* Ranked among companies with meaningful Days Inventory only.

T. Rowe Price Group's Days Inventory stayed the same from Dec. 2022 (0.00) 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. T. Rowe Price Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

T. Rowe Price Group Days Inventory Historical Data

The historical data trend for T. Rowe Price Group'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.

T. Rowe Price Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

T. Rowe Price Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																-	-	-	-	-

Competitive Comparison

For the Asset Management subindustry, T. Rowe Price Group'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.

T. Rowe Price Group Days Inventory Distribution

For the Asset Management industry and Financial Services sector, T. Rowe Price Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where T. Rowe Price Group's Days Inventory falls into.

T. Rowe Price Group Days Inventory Calculation

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

T. Rowe Price Group'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
=	( (0	+	0)	/	1 )	/	3254.4	*	365
=	0					/	3254.4	*	365
=	0.00

T. Rowe Price Group'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 )	/	879.2	*	365 / 4
=	0					/	879.2	*	365 / 4
=	0.00

T. Rowe Price Group (NAS:TROW) 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.

T. Rowe Price Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	879.2	/	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.

T. Rowe Price Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	1642
	=	0.00

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.

T. Rowe Price Group Days Inventory Related Terms

Thank you for viewing the detailed overview of T. Rowe Price Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

T. Rowe Price Group (T. Rowe Price Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » T. Rowe Price Group Inc (NAS:TROW) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

1TROW:Italy TR1:Germany TR1:Germany TR1:Germany T1RO34:Brazil TROW:Austria

Address

100 East Pratt Street, Baltimore, MD, USA, 21202

Website

https://www.troweprice.com

T. Rowe Price provides asset-management services for individual and institutional investors. It offers a broad range of no-load U.S. and international stock, hybrid, bond, and money market funds. At the end of October 2023, the firm had $1.312 trillion in managed assets, composed of equity (51%), balanced (33%), fixed-income and money market (13%), and alternatives (3%) offerings. Approximately two thirds of the company's managed assets are held in retirement-based accounts, which provides T. Rowe Price with a somewhat stickier client base than most of its peers. The firm also manages private accounts, provides retirement planning advice, and offers discount brokerage and trust services. The company is primarily a U.S.-based asset manager, deriving just over 9% of its AUM from overseas.

Executives

Higginbotham Robert C.t.	officer: Vice President	100 E. PRATT STREET, BALTIMORE MD 21202
Thomson Andrew Justin Mackenzie	officer: Vice President	100 E. PRATT STREET, BALTIMORE MD 21202
William P Donnelly	director	C/O INGERSOLL RAND INC., 525 HARBOUR PLACE DRIVE, SUITE 600, DAVIDSON NC 28036
Andrew C. Mccormick	officer: Vice President	100 E. PRATT STREET, BALTIMORE MD 21202
Cynthia F Smith	director	100 E. PRATT STREET, BALTIMORE MD 21202
Jessica M Hiebler	officer: Principal Accounting Officer	100 E. PRATT STREET, BALTIMORE MD 21202
William J Stromberg	officer: Vice President	100 E. PRATT STREET, BALTIMORE MD 21202
Kimberly H Johnson	officer: COO and VP	C/O FANNIE MAE, 1100 15TH STREET, NW, WASHINGTON DC 20005
Joshua B Nelson	officer: Vice President	100 E. PRATT STREET, BALTIMORE MD 21202
Glenn R August	director, officer: Vice President	C/O OHA - 1114 AVENUE OF THE AMERICAS, 27TH FLOOR, NEW YORK NY 10036
Eileen P Rominger	director	100 E. PRATT STREET, BALTIMORE MD 21202
Sebastien Page	officer: Vice President	100 E. PRATT STREET, BALTIMORE MD 21202
Jennifer B Dardis	other: CFO and VP	100 E. PRATT STREET, BALTIMORE MD 21202
Mary K Bush	director	3509 WOODBINE STREET, CHEVY CHASE MD 20815
W. Sharps Robert	officer: Vice President	100 E. PRATT STREET, BALTIMORE MD 21202