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Cairn Homes (LSE:CRN) Days Inventory : 515.48 (As of Dec. 2023)


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What is Cairn Homes Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cairn Homes's Average Total Inventories for the six months ended in Dec. 2023 was £842.2 Mil. Cairn Homes's Cost of Goods Sold for the six months ended in Dec. 2023 was £298.2 Mil. Hence, Cairn Homes's Days Inventory for the six months ended in Dec. 2023 was 515.48.

The historical rank and industry rank for Cairn Homes's Days Inventory or its related term are showing as below:

LSE:CRN' s Days Inventory Range Over the Past 10 Years
Min: 674.89   Med: 1151.72   Max: 4614.97
Current: 687.94

During the past 9 years, Cairn Homes's highest Days Inventory was 4614.97. The lowest was 674.89. And the median was 1151.72.

LSE:CRN's Days Inventory is ranked worse than
84.21% of 95 companies
in the Homebuilding & Construction industry
Industry Median: 326.57 vs LSE:CRN: 687.94

Cairn Homes's Days Inventory declined from Dec. 2022 (609.67) to Dec. 2023 (515.48).

Inventory Turnover measures how fast the company turns over its inventory within a year. Cairn Homes's Inventory Turnover for the six months ended in Dec. 2023 was 0.35.

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. Cairn Homes's Inventory-to-Revenue for the six months ended in Dec. 2023 was 2.19.


Cairn Homes Days Inventory Historical Data

The historical data trend for Cairn Homes'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.

* Premium members only.

Cairn Homes Days Inventory Chart

Cairn Homes Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only 983.71 1,505.94 1,057.78 712.30 674.89

Cairn Homes Semi-Annual Data
Jun15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 746.36 940.31 609.67 1,052.46 515.48

Competitive Comparison of Cairn Homes's Days Inventory

For the Residential Construction subindustry, Cairn Homes'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.


Cairn Homes's Days Inventory Distribution in the Homebuilding & Construction Industry

For the Homebuilding & Construction industry and Consumer Cyclical sector, Cairn Homes's Days Inventory distribution charts can be found below:

* The bar in red indicates where Cairn Homes's Days Inventory falls into.



Cairn Homes Days Inventory Calculation

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

Cairn Homes'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
=( (841.301 + 812.758) / 2 ) / 447.284*365
=827.0295 / 447.284*365
=674.89

Cairn Homes's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Jun. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (871.659 + 812.758) / 2 ) / 298.174*365 / 2
=842.2085 / 298.174*365 / 2
=515.48

* 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.


Cairn Homes  (LSE:CRN) 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.

Cairn Homes's Inventory Turnover for the six 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.

Cairn Homes's Inventory to Revenue for the six 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.


Cairn Homes Days Inventory Related Terms

Thank you for viewing the detailed overview of Cairn Homes's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Cairn Homes (LSE:CRN) Business Description

Traded in Other Exchanges
Address
45 Mespil Road, Dublin, IRL, D04 W2F1
Cairn Homes PLC is an Irish homebuilder. Its core activity is to design and develop properties for residential purposes, majorly in the suburbs of Dublin City. The company's portfolio predominantly comprises single-family homes and apartments that form a minor share. Its sales of residential property drive most company revenues.

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