Days Inventory is also known as Days Sales of Inventory (DSI). Trex Co's Average Total Inventories for the
three
months ended in Dec. 2023 was $84 Mil. Trex Co's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $125 Mil.
Hence, Trex Co's Days Inventory for the
three
months ended in Dec. 2023 was 61.07.
The historical rank and industry rank for Trex Co's Days Inventory or its related term are showing as below:
TREX'
s Days Inventory Range Over the Past 10 Years
Min: 29.9 Med: 40.47 Max: 70.58
Current: 58.02
During the past 13 years, Trex Co's highest Days Inventory was 70.58. The lowest was 29.90. And the median was 40.47.
TREX's Days Inventory is ranked worse than 54.85% of 1393
companies
in the Construction industry
Industry Median: 48.96
vs TREX: 58.02
Trex Co's Days Inventory
declined
from Dec. 2022 (98.55) to Dec. 2023 (61.07).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Trex Co's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.49.
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.
Trex Co's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.43.
Trex Co Days Inventory Historical Data
The historical data trend for Trex Co'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.
Competitive Comparison of Trex Co's Days Inventory
For the Building Products & Equipment subindustry, Trex Co'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.
Trex Co's Days Inventory Distribution in the Construction Industry
For the Construction industry and Industrials sector, Trex Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Trex Co's Days Inventory falls into.
Trex Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Trex Co's Days Inventory for the fiscal year that 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.
Trex Co (NYSE:TREX) 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.
Trex Co's Inventory Turnover for the
three
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.
Trex Co's Inventory to Revenue for the
three
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.
Trex Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Trex Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Trex Co Inc is a manufacturer of wooden alternative-decking products. The company offers outdoor products in the decking, railing, porch, fencing, trim, steel deck framing, and outdoor lighting categories. Its products are sold under the Trex brand and manufactured in the United States. Further, the company licenses its Trex brand to third parties to manufacture and sell products under the Trex trademark. The distribution is focused on wholesale distributors and retail lumber dealers, which in turn sell Trex products to homeowners and contractors, with an emphasis on professional contractors, remodelers, and homebuilders. The company operates in two reportable segments Trex Residential and Trex Commercial. The majority of revenue is derived from the Trex Residential segment.
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