EMCOR Group (EMCOR Group) Inventory Turnover : 24.94 (As of Dec. 2023)

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What is EMCOR Group 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. EMCOR Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,821 Mil. EMCOR Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $113 Mil. EMCOR Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 24.94.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. EMCOR Group's Days Inventory for the three months ended in Dec. 2023 was 3.66.

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. EMCOR Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.03.

EMCOR Group Inventory Turnover Historical Data

The historical data trend for EMCOR Group'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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EMCOR Group Inventory Turnover Chart

EMCOR Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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188.93

157.85

156.41

135.57

106.85

EMCOR Group 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															26.61	26.38	24.75	24.03	24.94

EMCOR Group Inventory Turnover Calculation

EMCOR Group'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 )
=	10493.534	/ (	(85.641	+	110.774)	/	2 )
=	10493.534	/	98.2075
=	106.85

EMCOR Group'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 )
=	2821.476	/ (	(115.466	+	110.774)	/	2 )
=	2821.476	/	113.12
=	24.94

EMCOR Group (NYSE:EME) 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.

EMCOR Group'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
	=	113.12	/	2821.476	*	365 / 4
	=	3.66

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.

EMCOR Group'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 )
	=	113.12	/	3439.221
	=	0.03

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.

EMCOR Group Inventory Turnover Related Terms

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EMCOR Group (EMCOR Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » EMCOR Group Inc (NYSE:EME) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

EM4:Germany

Address

301 Merritt Seven, Norwalk, CT, USA, 06851-1092

Website

https://www.emcorgroup.com

EMCOR Group Inc is one of the largest electrical, mechanical, construction, and facilities services firms in the United States. It provides a wide range of services, including the installation of electrical distribution systems, voice & data communication systems, and environmental controls within buildings. The company's services are provided to a broad range of commercial, industrial, utility, and institutional customers. Emcor Group enters contracts for large installation projects in the multimillion-dollar range, or smaller projects involving renovations and retrofit work. It also operates as a subcontractor to general contractors, systems suppliers, and property managers. It generates sales primarily in the United States, but the company does offer services United kingdom.

Executives

R Kevin Matz	officer: SVP, Admin & Strategic Service	301 MERRITT SEVEN 6TH FLOOR, NORWALK CT 06851
Anthony Guzzi	officer: President & COO	301 MERRITT SEVEN, 6TH FLOOR, NORWALK CT 06851
Mark A Pompa	officer: SVP, CAO & Treasurer	301 MERRITT SEVEN 6TH FLOOR, NORWALK CT 06851
Maxine Lum Mauricio	officer: SVP and General Counsel	301 MERRITT SEVEN CORPORATE PARK, 6TH FL, C/O EMCOR GROUP INC., NORWALK CT 06851
Jason R Nalbandian	officer: SVP & Chief Accounting Officer	301 MERRITT SEVEN CORPORATE PARK, 6TH FL, C/O EMCOR GROUP, INC., NORWALK CT 06851
Rebecca A Weyenberg	director	1725 SHEPHERD RD, CHATTANOOGA TN 37421
Carol P Lowe	director	4311 BEULAH CHURCH ROAD, WEDDINGTON NC 28104
M Kevin Mcevoy	director	C/O OCEANEERING INTERNATIONAL INC, 11911 FM 529, HOUSTON TX 77041-3011
William P Reid	director	301 MERRITT SEVEN CORPORATE PARK, 6TH FL, C/O EMCOR GROUP, INC., NORWALK CT 06851
Hamm Richard F Jr	director	6370 OXBOW BEND, CHANHASSEN MN 55317
Ronald L Johnson	director	3344 PEACHTREE STREET NE, #3403, ATLANTA GA 30326
John W Altmeyer	director	946 HIGHMEADOW COURT, LANCASTER PA 17601
Brown David A B	director
Robin A Walker-lee	director	C/O TRW AUTOMOTIVE, 12001 TECH CENTER DRIVE, LIVONIA MI 48150
Jerry E Ryan	director	3201 EAST 65TH, TULSA OK 74136