Days Inventory is also known as Days Sales of Inventory (DSI). Reece's Average Total Inventories for the
six
months ended in Jun. 2024 was A$1,469 Mil. Reece's Cost of Goods Sold for the
six
months ended in Jun. 2024 was A$3,271 Mil.
Hence, Reece's Days Inventory for the
six
months ended in Jun. 2024 was 81.96.
The historical rank and industry rank for Reece's Days Inventory or its related term are showing as below:
ASX:REH'
s Days Inventory Range Over the Past 10 Years
Min: 69.55 Med: 87.83 Max: 101.18
Current: 83.17
During the past 13 years, Reece's highest Days Inventory was 101.18. The lowest was 69.55. And the median was 87.83.
ASX:REH's Days Inventory is ranked better than 53.29% of 152
companies
in the Industrial Distribution industry
Industry Median: 89.205
vs ASX:REH: 83.17
Reece's Days Inventory
declined
from Jun. 2023 (89.30) to Jun. 2024 (81.96).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Reece's Inventory Turnover for the
six
months ended in Jun. 2024 was 2.23.
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.
Reece's Inventory-to-Revenue for the
six
months ended in Jun. 2024 was 0.32.
Reece Days Inventory Historical Data
The historical data trend for Reece'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.
For the Industrial Distribution subindustry, Reece'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.
Reece's Days Inventory Distribution in the Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Reece's Days Inventory distribution charts can be found below:
* The bar in red indicates where Reece's Days Inventory falls into.
Reece Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Reece's Days Inventory for the fiscal year that ended in Jun. 2024 is calculated as
* 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.
Reece (ASX:REH) 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.
Reece's Inventory Turnover for the
six
months ended in Jun. 2024 is calculated as
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.
Reece's Inventory to Revenue for the
six
months ended in Jun. 2024 is calculated as
* 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.
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.
Reece Days Inventory Related Terms
Thank you for viewing the detailed overview of Reece's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Reece is an Australian distributor of plumbing supplies and bathroom products, with businesses in Australia, New Zealand, and the United States. Reece Australia holds Australia's largest range of individual plumbing stock-keeping units, supporting plumbing needs for general plumbing, bathrooms, kitchens, heating and air conditioning, irrigation, pools, commercial and government projects, and fire services.In the Australia and New Zealand markets, Reece's professional, or trade, customers are mostly small to medium plumbing businesses working in the areas of residential repairs, renovations, or new home builds.The US business principally serves plumbers working on commercial and residential construction projects and has a network of almost 250 stores in the southern Sunbelt states.
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