Days Inventory is also known as Days Sales of Inventory (DSI). Carrier Global's Average Total Inventories for the
three
months ended in Dec. 2024 was $2,473 Mil. Carrier Global's Cost of Goods Sold for the
three
months ended in Dec. 2024 was $3,804 Mil.
Hence, Carrier Global's Days Inventory for the
three
months ended in Dec. 2024 was 59.31.
The historical rank and industry rank for Carrier Global's Days Inventory or its related term are showing as below:
CARR'
s Days Inventory Range Over the Past 10 Years
Min: 37.28 Med: 44.89 Max: 64.76
Current: 54.55
During the past 8 years, Carrier Global's highest Days Inventory was 64.76. The lowest was 37.28. And the median was 44.89.
CARR's Days Inventory is ranked worse than 52.91% of 1459
companies
in the Construction industry
Industry Median: 47.7
vs CARR: 54.55
Carrier Global's Days Inventory
declined
from Dec. 2023 (62.54) to Dec. 2024 (59.31).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Carrier Global's Inventory Turnover for the
three
months ended in Dec. 2024 was 1.54.
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.
Carrier Global's Inventory-to-Revenue for the
three
months ended in Dec. 2024 was 0.48.
Carrier Global Days Inventory Historical Data
The historical data trend for Carrier Global'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.
Competitive Comparison of Carrier Global's Days Inventory
For the Building Products & Equipment subindustry, Carrier Global'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.
Carrier Global's Days Inventory Distribution in the Construction Industry
For the Construction industry and Industrials sector, Carrier Global's Days Inventory distribution charts can be found below:
* The bar in red indicates where Carrier Global's Days Inventory falls into.
* 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.
Carrier Global (NYSE:CARR) 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.
Carrier Global's Inventory Turnover for the
three
months ended in Dec. 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.
Carrier Global's Inventory to Revenue for the
three
months ended in Dec. 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.
Carrier Global Days Inventory Related Terms
Thank you for viewing the detailed overview of Carrier Global's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Carrier Global manufactures heating, ventilation, and air conditioning, refrigeration, and fire and security products. The HVAC business serves both residential and commercial markets (HVAC segment sales mix is 60% commercial and 40% residential). Carrier's refrigeration segment consists of its transportation refrigeration, Sensitech supply chain monitoring, and commercial refrigeration businesses. The firm's fire and security business manufactures fire detection and suppression, access controls, and intrusion detection products. In April 2023, Carrier announced that it plans to divest its fire and security and commercial refrigeration businesses. The firm also acquired Germany-based Viessmann for approximately $13 billion.
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