DXP Enterprises (DXP Enterprises) Inventory Turnover : 2.72 (As of Dec. 2023)

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What is DXP Enterprises Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. DXP Enterprises's Cost of Goods Sold for the three months ended in Dec. 2023 was $284 Mil. DXP Enterprises's Average Total Inventories for the quarter that ended in Dec. 2023 was $104 Mil. DXP Enterprises's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.72.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. DXP Enterprises's Days Inventory for the three months ended in Dec. 2023 was 33.54.

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. DXP Enterprises's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.26.

DXP Enterprises Inventory Turnover Historical Data

The historical data trend for DXP Enterprises's Inventory Turnover 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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DXP Enterprises Inventory Turnover Chart

DXP Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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7.49

6.42

7.93

10.47

11.44

DXP Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															2.54	2.84	2.76	2.80	2.72

DXP Enterprises Inventory Turnover Calculation

DXP Enterprises's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1173.309	/ (	(101.392	+	103.805)	/	2 )
=	1173.309	/	102.5985
=	11.44

DXP Enterprises's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	284.208	/ (	(105.145	+	103.805)	/	2 )
=	284.208	/	104.475
=	2.72

DXP Enterprises (NAS:DXPE) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

DXP Enterprises's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	104.475	/	284.208	*	365 / 4
	=	33.54

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.

DXP Enterprises's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	104.475	/	407.044
	=	0.26

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

DXP Enterprises Inventory Turnover Related Terms

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DXP Enterprises (DXP Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » DXP Enterprises Inc (NAS:DXPE) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

DX7:Germany

Address

5301 Hollister, Houston, TX, USA, 77040

Website

https://www.dxpe.com

DXP Enterprises Inc is a distributor of products and services to industrial customers in the United States, Canada, Mexico, and Dubai. The company's reportable segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. It generates maximum revenue from the Service Centers segment. The company offers pumping solutions, supply chain services and maintenance, repair, operating and production services for rotating equipment, bearings and power transmissions, industrial supplies and safety products. DXP Enterprises serves the oil and gas, general manufacturing, chemical, reseller, transportation, fabrication and construction, food and beverage, aerospace mining, agriculture, power, and refining industries.

Executives

Paz Maestas	officer: CMO & CTO	5301 HOLLISTER ST, HOUSTON TX 77040
David Molero Santos	officer: CHIEF ACCOUNTING OFFICER	5301 HOLLISTER ST, HOUSTON TX 77040
Todd Hamlin	officer: Sr. Vice President	7272 PINEMONT DRIVE, HOUSTON TX 77040
David R Little	director, 10 percent owner, officer: Chairman & CEO	7272 PINEMONT DRIVE, HOUSTON TX 77040
Yee Kent Nee Hung	officer: Sr. Vice President	7272 PINEMONT DRIVE, HOUSTON TX 77040
David C Vinson	officer: Sr, V.P. Operations
Nicholas Little	officer: CHIEF OPERATING OFFICER	5301 HOLLISTER ST, HOUSTON TX 77040
Christopher T Gregory	officer: Sr. Vice President	7272 PINEMONT DR, HOUSTON TX 77040
Karen Hoffman	director	5301 HOLLISTER ST, HOUSTON TX 77040
Gene Padgett	officer: SVP/Chief Accounting Officer	VALMONT INDUSTRIES, INC., 15000 VALMONT PLAZA, OMAHA NE 68154
Joseph R Mannes	director	4016 MCFARLIN BLVD, DALLAS TX 75205
Timothy P Halter	director	174 FM 1830, ARGYLE TX 76226
David Patton	director	7272 PINEMONT DR, HOUSTON TX 77040
Cletus Davis	director
John Jay Jeffery	officer: Sr. V.P.	7272 PINEMONT DRIVE, HOUSTON TX 77040