Days Inventory is also known as Days Sales of Inventory (DSI). Encore Wire's Average Total Inventories for the
three
months ended in Dec. 2023 was $161 Mil. Encore Wire's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $497 Mil.
Hence, Encore Wire's Days Inventory for the
three
months ended in Dec. 2023 was 29.60.
The historical rank and industry rank for Encore Wire's Days Inventory or its related term are showing as below:
WIRE'
s Days Inventory Range Over the Past 10 Years
Min: 20.43 Med: 31.15 Max: 41.92
Current: 31.15
During the past 13 years, Encore Wire's highest Days Inventory was 41.92. The lowest was 20.43. And the median was 31.15.
WIRE's Days Inventory is ranked better than 94.19% of 2907
companies
in the Industrial Products industry
Industry Median: 119.85
vs WIRE: 31.15
Encore Wire's Days Inventory
declined
from Dec. 2022 (29.64) to Dec. 2023 (29.60).
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Encore Wire's Inventory Turnover for the
three
months ended in Dec. 2023 was 3.08.
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.
Encore Wire's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.25.
Encore Wire Days Inventory Historical Data
The historical data trend for Encore Wire'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 Encore Wire's Days Inventory
For the Electrical Equipment & Parts subindustry, Encore Wire'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.
Encore Wire's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Encore Wire's Days Inventory distribution charts can be found below:
* The bar in red indicates where Encore Wire's Days Inventory falls into.
Encore Wire Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Encore Wire'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.
Encore Wire (NAS:WIRE) 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.
Encore Wire'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.
Encore Wire'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.
Encore Wire Days Inventory Related Terms
Thank you for viewing the detailed overview of Encore Wire's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Encore Wire Corp is engaged in manufacturing electrical building wire and cable. It supplies building wire for interior electrical wiring in commercial and industrial buildings, homes, apartments, and manufactured housing. The company's principal customers are wholesale electrical distributors, who sell building wire and a variety of other products to electrical contractors. Encore offers an electrical building wire product line that consists primarily of NM-B cable, UF-B cable, THHN/THWN-2, XHHW-2, RHH/RHW-2, and other types of wire products, including tray cable, metal-clad, and armored cable.
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