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Days Inventory is also known as Days Sales of Inventory (DSI). Commercial Metals Co's Average Total Inventories for the three months ended in Feb. 2024 was $1,090 Mil. Commercial Metals Co's Cost of Goods Sold for the three months ended in Feb. 2024 was $1,552 Mil. Hence, Commercial Metals Co's Days Inventory for the three months ended in Feb. 2024 was 64.06.
The historical rank and industry rank for Commercial Metals Co's Days Inventory or its related term are showing as below:
During the past 13 years, Commercial Metals Co's highest Days Inventory was 85.79. The lowest was 46.53. And the median was 53.76.
Commercial Metals Co's Days Inventory increased from Feb. 2023 (63.22) to Feb. 2024 (64.06). It might indicate that Commercial Metals Co's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. Commercial Metals Co's Inventory Turnover for the three months ended in Feb. 2024 was 1.42.
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. Commercial Metals Co's Inventory-to-Revenue for the three months ended in Feb. 2024 was 0.59.
The historical data trend for Commercial Metals Co'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.
Commercial Metals Co Annual Data | |||||||||||||||||||||
Trend | Aug14 | Aug15 | Aug16 | Aug17 | Aug18 | Aug19 | Aug20 | Aug21 | Aug22 | Aug23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 46.53 | 53.07 | 50.65 | 54.44 | 57.60 |
Commercial Metals Co Quarterly Data | ||||||||||||||||||||
May19 | Aug19 | Nov19 | Feb20 | May20 | Aug20 | Nov20 | Feb21 | May21 | Aug21 | Nov21 | Feb22 | May22 | Aug22 | Nov22 | Feb23 | May23 | Aug23 | Nov23 | Feb24 | |
Days Inventory | Get a 7-Day Free Trial | 63.22 | 56.10 | 55.78 | 58.71 | 64.06 |
For the Steel subindustry, Commercial Metals Co'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.
For the Steel industry and Basic Materials sector, Commercial Metals Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Commercial Metals Co's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Commercial Metals Co's Days Inventory for the fiscal year that ended in Aug. 2023 is calculated as
Days Inventory (A: Aug. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Aug. 2022 ) | + | Total Inventories (A: Aug. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Aug. 2023 ) | * | Days in Period |
= | ( (1169.696 | + | 1035.582) | / | 2 ) | / | 6987.618 | * | 365 |
= | 1102.639 | / | 6987.618 | * | 365 | ||||
= | 57.60 |
Commercial Metals Co's Days Inventory for the quarter that ended in Feb. 2024 is calculated as:
Days Inventory (Q: Feb. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Nov. 2023 ) | + | Total Inventories (Q: Feb. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Feb. 2024 ) | * | Days in Period |
= | ( (1028.686 | + | 1150.447) | / | 2 ) | / | 1552.046 | * | 365 / 4 |
= | 1089.5665 | / | 1552.046 | * | 365 / 4 | ||||
= | 64.06 |
* 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.
Commercial Metals Co (NYSE:CMC) 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.
Commercial Metals Co's Inventory Turnover for the three months ended in Feb. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 1552.046 | / | 1089.5665 | |
= | 1.42 |
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.
Commercial Metals Co's Inventory to Revenue for the three months ended in Feb. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 1089.5665 | / | 1848.287 | |
= | 0.59 |
* 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.
Thank you for viewing the detailed overview of Commercial Metals Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Barbara Smith | director, officer: Chairman, President & CEO | 6565 N. MACARTHUR BLVD., SUITE 800, IVING TX 75039 |
Stephen William Simpson | officer: SVP, N. American Steel Group | 6565 NORTH MACARTHUR BLVD., SUITE 800, IRVING TX 75039 |
Peter R Matt | director | 6565 N. MACARTHUR BLVD, STE 800, IRVING TX 75039 |
Lindsay L Sloan | officer: VP, Chief Accounting Officer | 6565 N. MACARTHUR BLVD, STE 800, IRVING TX 75039 |
Ty L Garrison | officer: SVP Operations | 6565 N. MACARTHUR BLVD, STE 800, IRVING TX 75039 |
Robert S Wetherbee | director | MINERALS TECHNOLOGIES INC, 622 THIRD AVENUE 38TH FL, NEW YORK NY 10017 |
John R Mcpherson | director | 1200 URBAN CENTER DRIVE, BIRMINGHAM AL 35242 |
Tracy L Porter | officer: EVP & Chief Operating Officer | 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039 |
Gary E Mccullough | director | 231 N. MARTINGALE ROAD, SCHAUMBURG IL 60173 |
Jody K Absher | officer: VP General Counsel & Corp Sec | 6565 N. MACARTHUR BLVD, STE 800, IRVING TX 75039 |
Paul James Lawrence | officer: VP & Chief Financial Officer | 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039 |
Adam R Hickey | officer: VP & Chief Accounting Officer | 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039 |
Lisa M Barton | director | AMERICAN ELECTRIC POWER COMPANY, INC., 1 RIVERSIDE PLAZA, COLUMBUS OH 43215 |
J David Smith | director | GMS INC., 100 CRESCENT CENTRE PARKWAY, SUITE 800, TUCKER GA 30084 |
Charles L Szews | director | 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039 |
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