Reliance Worldwide (Reliance Worldwide) Change In Inventory : $0 Mil (TTM As of Dec. 2023)

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What is Reliance Worldwide Change In Inventory?

Reliance Worldwide's change in inventory for the quarter that ended in Dec. 2023 was $0 Mil. It means Reliance Worldwide's inventory stayed the same from Jun. 2023 to Dec. 2023 .

Reliance Worldwide's change in inventory for the fiscal year that ended in Jun. 2023 was $0 Mil. It means Reliance Worldwide's inventory stayed the same from Jun. 2022 to Jun. 2023 .

Reliance Worldwide's Total Inventories for the quarter that ended in Dec. 2023 was $293 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Reliance Worldwide's Days Inventory for the quarter that ended in Dec. 2023 was 148.03.

Inventory Turnover measures how fast the company turns over its inventory within a year. Reliance Worldwide's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.23.

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. Reliance Worldwide's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.49.

Reliance Worldwide Change In Inventory Historical Data

The historical data trend for Reliance Worldwide's Change In 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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Reliance Worldwide Change In Inventory Chart

Reliance Worldwide Annual Data

Trend

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Change In Inventory

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Reliance Worldwide Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial										-	-	-	-	-

Reliance Worldwide Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0 Mil.

Reliance Worldwide (OTCPK:RLLWF) Change In Inventory Explanation

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

Reliance Worldwide's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	291.1375	/	358.937	*	365 / 2
	=	148.03

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	358.937	/	291.1375
	=	1.23

3. 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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	291.1375	/	589.529
	=	0.49

Reliance Worldwide Change In Inventory Related Terms

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Reliance Worldwide (Reliance Worldwide) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Reliance Worldwide Corp Ltd (OTCPK:RLLWF) » Definitions » Change In Inventory

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Traded in Other Exchanges

0EU:Germany RWC:Australia

Address

140 William Street, Level 26, Melbourne, VIC, AUS, 3000

Website

https://www.rwc.com

Reliance Worldwide designs, manufactures, and supplies branded plumbing products which are sold across North America, Asia-Pacific, and Europe. The company focuses on push-to-connect plumbing products, including fitting, pipes and valves, under its brands SharkBite, JG Speedfit, and EvoPex. Reliance's products are used in residential and commercial applications for the residential renovation, maintenance, and home improvement end-markets. Reliance sells around 45% of its products to plumbing wholesalers and merchants, 35% to hardware and home improvement retailers (including Home Depot, Lowe's, and Reece) and 20% to original equipment manufacturers of hot water systems.