Dream Finders Homes (Dream Finders Homes) Inventory Turnover : 0.62 (As of Dec. 2023)

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What is Dream Finders Homes Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Dream Finders Homes's Cost of Goods Sold for the three months ended in Dec. 2023 was $902 Mil. Dream Finders Homes's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,457 Mil. Dream Finders Homes's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.62.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dream Finders Homes's Days Inventory for the three months ended in Dec. 2023 was 147.35.

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. Dream Finders Homes's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.28.

Dream Finders Homes Inventory Turnover Historical Data

The historical data trend for Dream Finders Homes's Inventory Turnover 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.

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Dream Finders Homes Inventory Turnover Chart

Dream Finders Homes Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.95

2.27

2.08

2.23

2.14

Dream Finders Homes Quarterly Data
	Dec18	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial														0.63	0.45	0.53	0.49	0.62

Dream Finders Homes Inventory Turnover Calculation

Dream Finders Homes's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	3011.813	/ (	(1378.185	+	1440.249)	/	2 )
=	3011.813	/	1409.217
=	2.14

Dream Finders Homes's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	902.328	/ (	(1473.917	+	1440.249)	/	2 )
=	902.328	/	1457.083
=	0.62

Dream Finders Homes (NYSE:DFH) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Dream Finders Homes's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1457.083	/	902.328	*	365 / 4
	=	147.35

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.

Dream Finders Homes's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1457.083	/	1137.997
	=	1.28

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Dream Finders Homes Inventory Turnover Related Terms

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Dream Finders Homes (Dream Finders Homes) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Homebuilding & Construction » Dream Finders Homes Inc (NYSE:DFH) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

14701 Philips Highway, Suite 300, Jacksonville, FL, USA, 32256

Website

https://www.dreamfindershomes.com

Dream Finders Homes Inc is engaged in the home building business. It designs, builds, and sells homes in Jacksonville, Orlando, Denver, the Washington D.C. metropolitan area, and Austin. The company operates through six geographical divisions namely, Jacksonville, Orlando, Denver, Washington DC (Capital), and the Carolinas (H&H Homes), Jet Home Loans LLC. Jacksonville division generates most of the revenue for the firm.

Executives

Patrick O. Zalupski	director, officer: President and CEO	14701 PHILIPS HIGHWAY, SUITE 300, JACKSONVILLE FL 32256
Lorena Anabel Fernandez	officer: CFO	14701 PHILIPS HIGHWAY, SUITE 300, JACKSONVILLE FL 32256
Doug Moran	officer: Senior VP and COO	14701 PHILIPS HIGHWAY, SUITE 300, JACKSONVILLE FL 32256
Len Sturm	director	14701 PHILIPS HIGHWAY, SUITE 300, JACKSONVILLE FL 32256
Justin Udelhofen	director	14701 PHILIPS HIGHWAY, SUITE 300, JACKSONVILLE FL 32256
Walton William H Iii	director	ONE INDEPENDENT DRIVE, SUITE 1600, JACKSONVILLE FL 32202
William Weatherford	director	19701 BETHEL CHURCH ROAD #302, CORNELIUS NC 28031
Robert E. Riva	officer: VP, GC and Corporate Secretary	14701 PHILIPS HIGHWAY, SUITE 300, JACKSONVILLE FL 32256
Boston Omaha Corp	10 percent owner	1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
Boc Dfh, Llc	10 percent owner	1601 DODGE STREET, SUITE 3300, OMAHA NE 68102
United Casualty & Surety Insurance Co.	other: SUBSID of Boston Omaha Corp	292 NEWBURY STREET, BOX 105, BOSTON MA 02115
John O. Blanton	officer: VP and CAO	14701 PHILIPS HIGHWAY, SUITE 300, JACKSONVILLE FL 32256
Rick A. Moyer	officer: Senior VP and CFO	14701 PHILIPS HIGHWAY, SUITE 300, JACKSONVILLE FL 32256
Megha H. Parekh	director	14701 PHILIPS HIGHWAY, SUITE 300, JACKSONVILLE FL 32256
Lovett William Radford Ii	director	C/O EVERBANK FINANCIAL CORP, 501 RIVERSIDE AVENUE, JACKSONVILLE FL 32202