IES Holdings (IES Holdings) Inventory Turnover

: 4.69 (As of Dec. 2023)

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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. IES Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $491 Mil. IES Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $105 Mil. IES Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 4.69.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. IES Holdings's Days Inventory for the three months ended in Dec. 2023 was 19.47.

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. IES Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.17.

IES Holdings Inventory Turnover Historical Data

The historical data trend for IES Holdings'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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IES Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

42.10

41.48

26.72

22.41

20.13

IES Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																4.89	4.54	4.57	5.13	4.69

IES Holdings Inventory Turnover Calculation

IES Holdings's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	1932.688	/ (	(96.333	+	95.655)	/	2 )
=	1932.688	/	95.994
=	20.13

IES Holdings'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 )
=	490.64	/ (	(95.655	+	113.774)	/	2 )
=	490.64	/	104.7145
=	4.69

IES Holdings (NAS:IESC) 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.

IES Holdings'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
	=	104.7145	/	490.64	*	365 / 4
	=	19.47

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.

IES Holdings'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 )
	=	104.7145	/	634.444
	=	0.17

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.

IES Holdings Inventory Turnover Related Terms

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IES Holdings (IES Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » IES Holdings Inc (NAS:IESC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

45T:Germany

Address

2 Riverway, Suite 1730, Houston, TX, USA, 77056

Website

https://www.ies-co.com

IES Holdings Inc owns and manages subsidiaries that design and installs integrated electrical and technology systems and provide infrastructure products and services. It has four business segments; Communications, Residential, Infrastructure Solutions and Commercial & Industrial. Majority of the revenue for the company is generated from its Residential segment in which the company provides electrical installation services for single-family housing and multi-family apartment complexes, as well as heating, ventilation and air conditioning (HVAC) and plumbing installation services. Through this segment it also provides services for the installation of residential solar power, both for new construction and existing residences.

Executives

Gendell Jeffrey L Et Al	director, 10 percent owner	200 PARK AVENUE SUITE 3900, NEW YORK NY 10166
Todd M Cleveland	director	107 W. FRANKLIN ST., ELKHART IN 46515
Mary K Newman	officer: VP, General Counsel & Corp Sec	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
Matthew J Simmes	officer: Chief Operating Officer	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
Alison M Petersen	officer: VP & Chief Accounting Officer	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
Tracy Mclauchlin	officer: SVP, CFO & Treasurer	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
David B. Gendell	director	2 RIVERWAY, SUITE 1730, HOUSTON TX 77056
Jennifer A Baldock	director	7 WITHERELL DRIVE, GREENWICH CT 06831
Elizabeth Leykum	director	C/O 5500 TRILLIUM BOULEVARD, SUITE 501, HOFFMAN ESTATES IL 60192
Gary S Matthews	director, officer: CEO and Director	5433 WESTHEIMER ROAD, SUITE 500, HOUSTON TX 77056
Donald L Luke	director	5433 WESTHEIMER RD, SUITE 500, HOUSTON TX 77056
Gail D Makode	officer: SVP, GC & Secretary	ONE SOUND SHORE DR, SUITE 304, GREENWICH CT 06830
Tontine Capital Management Llc	10 percent owner	C/O TORTINE PARTNERS LP, 55 RAILRAOD AVENUE 3RD FL, GREENWICH CT 06830
Tontine Capital Partners L P	10 percent owner	C/O TONTINE CAPITAL MANAGEMENT LLC LP, 55 RAILROAD AVENUE 3RD FL, GREENWICH CT 06830
Tontine Associates, Llc	10 percent owner	1 SOUND SHORE DRIVE, SUITE 304, GREENWICH CT 06830