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. Radius Recycling's Average Total Inventories for the quarter that ended in Feb. 2024 was $298 Mil. Radius Recycling's Revenue for the
three
months ended in Feb. 2024 was $621 Mil.
Radius Recycling's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.48.
Radius Recycling's Inventory-to-Revenue for the quarter that ended in Feb. 2024
increased
from Nov. 2023 (0.42) to Nov. 2023 (0.48)
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Radius Recycling's Days Inventory for the
three
months ended in Feb. 2024 was 46.76.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Radius Recycling's Inventory Turnover for the quarter that ended in Feb. 2024 was 1.95.
Radius Recycling Inventory-to-Revenue Historical Data
The historical data trend for Radius Recycling's Inventory-to-Revenue 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 Radius Recycling's Inventory-to-Revenue
For the Steel subindustry, Radius Recycling's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.
Radius Recycling's Inventory-to-Revenue Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Radius Recycling's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Radius Recycling's Inventory-to-Revenue falls into.
Radius Recycling Inventory-to-Revenue Calculation
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.
Radius Recycling's Inventory-to-Revenue for the fiscal year that ended in Aug. 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.
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Radius Recycling's Days Inventory for the
three
months ended in Feb. 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.
Radius Recycling Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Radius Recycling's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Radius Recycling (Radius Recycling) Business Description
Schnitzer Steel Industries Inc is one of the ferrous and nonferrous scrap metal recyclers in the U.S. Its metal recycling business collects and recycles auto bodies, rail cars, appliances, machinery, and construction demolition. Additionally, Schnitzer operates an auto-parts business that purchases obsolete vehicles and sells any useful parts to retail customers and a steelmaking business that supplies construction products along the U.S. West Coast.
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