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Maxxam (Maxxam) Days Inventory : 18.32 (As of Sep. 2009)


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What is Maxxam Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Maxxam's Average Total Inventories for the three months ended in Sep. 2009 was $2.75 Mil. Maxxam's Cost of Goods Sold for the three months ended in Sep. 2009 was $13.70 Mil. Hence, Maxxam's Days Inventory for the three months ended in Sep. 2009 was 18.32.

The historical rank and industry rank for Maxxam's Days Inventory or its related term are showing as below:

MAXX's Days Inventory is not ranked *
in the Real Estate industry.
Industry Median: 699.45
* Ranked among companies with meaningful Days Inventory only.

Maxxam's Days Inventory declined from Sep. 2008 (22.55) to Sep. 2009 (18.32).

Inventory Turnover measures how fast the company turns over its inventory within a year. Maxxam's Inventory Turnover for the three months ended in Sep. 2009 was 4.98.

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. Maxxam's Inventory-to-Revenue for the three months ended in Sep. 2009 was 0.15.


Maxxam Days Inventory Historical Data

The historical data trend for Maxxam'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.

* Premium members only.

Maxxam Days Inventory Chart

Maxxam Annual Data
Trend Dec99 Dec00 Dec01 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 43.65 38.81 64.12 124.85 19.24

Maxxam Quarterly Data
Dec04 Mar05 Jun05 Sep05 Dec05 Mar06 Jun06 Sep06 Dec06 Mar07 Jun07 Sep07 Dec07 Mar08 Jun08 Sep08 Dec08 Mar09 Jun09 Sep09
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 22.55 29.07 23.92 17.47 18.32

Competitive Comparison of Maxxam's Days Inventory

For the Real Estate Services subindustry, Maxxam'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.


Maxxam's Days Inventory Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Maxxam's Days Inventory distribution charts can be found below:

* The bar in red indicates where Maxxam's Days Inventory falls into.



Maxxam Days Inventory Calculation

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

Maxxam's Days Inventory for the fiscal year that ended in Dec. 2008 is calculated as

Days Inventory (A: Dec. 2008 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2007 ) + Total Inventories (A: Dec. 2008 )) / count ) / Cost of Goods Sold (A: Dec. 2008 )*Days in Period
=( (3.9 + 2.7) / 2 ) / 62.6*365
=3.3 / 62.6*365
=19.24

Maxxam's Days Inventory for the quarter that ended in Sep. 2009 is calculated as:

Days Inventory (Q: Sep. 2009 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2009 ) + Total Inventories (Q: Sep. 2009 )) / count ) / Cost of Goods Sold (Q: Sep. 2009 )*Days in Period
=( (2.7 + 2.8) / 2 ) / 13.7*365 / 4
=2.75 / 13.7*365 / 4
=18.32

* 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.


Maxxam  (OTCPK:MAXX) 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.

Maxxam's Inventory Turnover for the three months ended in Sep. 2009 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.

Maxxam's Inventory to Revenue for the three months ended in Sep. 2009 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.


Maxxam Days Inventory Related Terms

Thank you for viewing the detailed overview of Maxxam's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Maxxam (Maxxam) Business Description

Traded in Other Exchanges
N/A
Address
Maxxam Inc through its subsidiaries, is engaged in the residential and commercial real estate investment and development, and racing operations.
Executives
Charles E Hurwitz director, 10 percent owner, officer: Chairman of the Board & CEO 1330 POST OAK BOULEVARD, SUITE 2000, HOUSTON TX 77056
Robert J Cruikshank director 2001 KIRBY, SUITE 313, HOUSTON TX 77019
Ezra G Levin director 1330 POST OAK BLVD., SUITE 2000, HOUSTON TX 77056
Luxor Capital Group, Lp 10 percent owner 7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Luxor Capital Partners Offshore Ltd 10 percent owner C/O MAPLES CORPORATE SERVICES LTD., PO BOX 309, UGLAND HOUSE, GEORGE TOWN E9 KY1-1104
Luxor Capital Partners, Lp 10 percent owner 7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036
Elizabeth D Brumley officer: Controller 9800 RICHMOND AVE., SUITE 700, HOUSTON TX 77042
Lcg Holdings Llc 10 percent owner 7 TIMES SQUARE, 43RD FLOOR, NEW YORK NY 10036

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