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Fletcher Building (NZSE:FBU) Days Inventory : 102.48 (As of Dec. 2023)


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What is Fletcher Building Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fletcher Building's Average Total Inventories for the six months ended in Dec. 2023 was NZ$1,698 Mil. Fletcher Building's Cost of Goods Sold for the six months ended in Dec. 2023 was NZ$3,024 Mil. Hence, Fletcher Building's Days Inventory for the six months ended in Dec. 2023 was 102.48.

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

NZSE:FBU' s Days Inventory Range Over the Past 10 Years
Min: 75.84   Med: 80.19   Max: 105.22
Current: 105.22

During the past 13 years, Fletcher Building's highest Days Inventory was 105.22. The lowest was 75.84. And the median was 80.19.

NZSE:FBU's Days Inventory is ranked worse than
61.41% of 368 companies
in the Building Materials industry
Industry Median: 83.675 vs NZSE:FBU: 105.22

Fletcher Building's Days Inventory increased from Dec. 2022 (98.21) to Dec. 2023 (102.48). It might indicate that Fletcher Building's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Fletcher Building's Inventory Turnover for the six months ended in Dec. 2023 was 1.78.

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. Fletcher Building's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.40.


Fletcher Building Days Inventory Historical Data

The historical data trend for Fletcher Building'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.

Fletcher Building Days Inventory Chart

Fletcher Building Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 93.54 84.84 75.84 82.06 97.88

Fletcher Building Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 82.59 86.25 98.21 105.78 102.48

Competitive Comparison of Fletcher Building's Days Inventory

For the Building Materials subindustry, Fletcher Building'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.


Fletcher Building's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Fletcher Building's Days Inventory distribution charts can be found below:

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



Fletcher Building Days Inventory Calculation

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

Fletcher Building's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

Days Inventory (A: Jun. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Jun. 2022 ) + Total Inventories (A: Jun. 2023 )) / count ) / Cost of Goods Sold (A: Jun. 2023 )*Days in Period
=( (1507 + 1624) / 2 ) / 5838*365
=1565.5 / 5838*365
=97.88

Fletcher Building's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (1624 + 1772) / 2 ) / 3024*365 / 2
=1698 / 3024*365 / 2
=102.48

* 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.


Fletcher Building  (NZSE:FBU) 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.

Fletcher Building's Inventory Turnover for the six months ended in Dec. 2023 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.

Fletcher Building's Inventory to Revenue for the six months ended in Dec. 2023 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.


Fletcher Building Days Inventory Related Terms

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


Fletcher Building (NZSE:FBU) Business Description

Traded in Other Exchanges
Address
810 Great South Road, Penrose, Auckland, NTL, NZL, 1061
Fletcher Building is a New Zealand-based building materials company with operations focused in New Zealand, but also extending to Australia. It has a conglomerate structure with diverse operations across concrete, building products, steel, retail distribution, construction, and development. Having previously expanded internationally through acquisitions, operations have gradually refocused on the New Zealand and Australian businesses.

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