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Days Inventory is also known as Days Sales of Inventory (DSI). UFP Industries's Average Total Inventories for the three months ended in Mar. 2024 was $737 Mil. UFP Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was $1,313 Mil. Hence, UFP Industries's Days Inventory for the three months ended in Mar. 2024 was 51.19.
The historical rank and industry rank for UFP Industries's Days Inventory or its related term are showing as below:
During the past 13 years, UFP Industries's highest Days Inventory was 53.53. The lowest was 38.64. And the median was 46.83.
UFP Industries's Days Inventory declined from Mar. 2023 (60.25) to Mar. 2024 (51.19).
Inventory Turnover measures how fast the company turns over its inventory within a year. UFP Industries's Inventory Turnover for the three months ended in Mar. 2024 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. UFP Industries's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.45.
The historical data trend for UFP Industries'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.
UFP Industries Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 51.03 | 44.19 | 38.64 | 45.09 | 53.53 |
UFP Industries Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Days Inventory | Get a 7-Day Free Trial | 60.25 | 49.45 | 48.83 | 54.70 | 51.19 |
For the Lumber & Wood Production subindustry, UFP Industries'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 Forest Products industry and Basic Materials sector, UFP Industries's Days Inventory distribution charts can be found below:
* The bar in red indicates where UFP Industries's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
UFP Industries's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
Days Inventory (A: Dec. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Dec. 2022 ) | + | Total Inventories (A: Dec. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Dec. 2023 ) | * | Days in Period |
= | ( (973.227 | + | 727.788) | / | 2 ) | / | 5799.446 | * | 365 |
= | 850.5075 | / | 5799.446 | * | 365 | ||||
= | 53.53 |
UFP Industries's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:
Days Inventory (Q: Mar. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Dec. 2023 ) | + | Total Inventories (Q: Mar. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Mar. 2024 ) | * | Days in Period |
= | ( (727.788 | + | 745.295) | / | 2 ) | / | 1312.888 | * | 365 / 4 |
= | 736.5415 | / | 1312.888 | * | 365 / 4 | ||||
= | 51.19 |
* 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.
UFP Industries (NAS:UFPI) 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.
UFP Industries's Inventory Turnover for the three months ended in Mar. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 1312.888 | / | 736.5415 | |
= | 1.78 |
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.
UFP Industries's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 736.5415 | / | 1638.966 | |
= | 0.45 |
* 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 UFP Industries's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Patrick M. Benton | officer: XVP UFP Eastern Div - North | 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525 |
William G Currie | director | 2801 EAST BELTINE N E, GRAND RAPIDS MI 49505 |
Michael R Cole | officer: Chief Financial Officer | 2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525 |
Mary E Tuuk | director | 625 KENMOOR AVE SE, SUITE 301, GRAND RAPIDS MI 49456 |
Bruce A Merino | director | 3800 WEST CHAPMAN AVE, ORANGE CA 92868 |
David A. Tutas | officer: Vice President Legal & Secty | 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525 |
Matthew J Missad | director, officer: Chief Executive Officer | 2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525 |
Patrick M Webster | officer: Pres. and Chief Operating Off. | 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525 |
William Danny Schwartz | officer: Exec. VP, Operations Services | 2801 EAST BELTLINE AVE NE, GRAND RAPIDS MI 49525 |
Allen T Peters | officer: President, UFP Western Div | 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525 |
Benjamin J. Mclean | director | 2801 E BELTLINE AVE NE, GRAND RAPIDS MI 49525 |
Scott T Bravata | officer: Vice President Administration | 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525 |
Michael G. Wooldridge | director | 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525 |
Donald L James | officer: XVP National Sales | 2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525 |
Scott A Worthington | officer: President, UFP Industrial, LLC | 2801 EAST BELTLINE NE, GRAND RAPIDS MI 49525 |
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