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Days Inventory is also known as Days Sales of Inventory (DSI). REV Group's Average Total Inventories for the three months ended in Jan. 2024 was $654 Mil. REV Group's Cost of Goods Sold for the three months ended in Jan. 2024 was $523 Mil. Hence, REV Group's Days Inventory for the three months ended in Jan. 2024 was 114.09.
The historical rank and industry rank for REV Group's Days Inventory or its related term are showing as below:
During the past 11 years, REV Group's highest Days Inventory was 103.18. The lowest was 57.21. And the median was 85.49.
REV Group's Days Inventory increased from Jan. 2023 (112.97) to Jan. 2024 (114.09). It might indicate that REV Group's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year. REV Group's Inventory Turnover for the three months ended in Jan. 2024 was 0.80.
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. REV Group's Inventory-to-Revenue for the three months ended in Jan. 2024 was 1.12.
The historical data trend for REV Group'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.
REV Group Annual Data | |||||||||||||||||||||
Trend | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 87.13 | 93.55 | 88.98 | 97.31 | 101.17 |
REV Group Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Days Inventory | Get a 7-Day Free Trial | 112.97 | 101.07 | 98.77 | 99.35 | 114.09 |
For the Farm & Heavy Construction Machinery subindustry, REV Group'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 Farm & Heavy Construction Machinery industry and Industrials sector, REV Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where REV Group's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
REV Group's Days Inventory for the fiscal year that ended in Oct. 2023 is calculated as
Days Inventory (A: Oct. 2023 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (A: Oct. 2022 ) | + | Total Inventories (A: Oct. 2023 )) | / | count ) | / | Cost of Goods Sold (A: Oct. 2023 ) | * | Days in Period |
= | ( (629.5 | + | 657.7) | / | 2 ) | / | 2321.9 | * | 365 |
= | 643.6 | / | 2321.9 | * | 365 | ||||
= | 101.17 |
REV Group's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:
Days Inventory (Q: Jan. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Oct. 2023 ) | + | Total Inventories (Q: Jan. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Jan. 2024 ) | * | Days in Period |
= | ( (657.7 | + | 650.4) | / | 2 ) | / | 523.1 | * | 365 / 4 |
= | 654.05 | / | 523.1 | * | 365 / 4 | ||||
= | 114.09 |
* 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.
REV Group (NYSE:REVG) 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.
REV Group's Inventory Turnover for the three months ended in Jan. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 523.1 | / | 654.05 | |
= | 0.80 |
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.
REV Group's Inventory to Revenue for the three months ended in Jan. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 654.05 | / | 586 | |
= | 1.12 |
* 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 REV Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Stephen Zamansky | officer: SVP, Gen Counsel & Sec | |
Maureen Oconnell | director | |
Joseph Ladue | officer: Chief Accounting Officer | 245 SOUTH EXECUTIVE DR, SUITE 100, BROOKFIELD WI 53005 |
Paul J Bamatter | director | C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202 |
Joel M. Rotroff | director | C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202 |
Dino M Cusumano | director | C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202 |
Justin Fish | director | C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202 |
Skonieczny Jr. Mark A | officer: Chief Financial Officer | 833 E MICHIGAN STREET, SUITE 1100, MILWAUKEE WI 53202 |
Christopher M Daniels | officer: Chief Human Resources Officer | 111 E. KILBOURN AVE., SUITE 2600, MILWAUKEE WI 53202 |
Rodney M Rushing | director, officer: CEO and President | 5757 N GREEN BAY AVE, MILWAUKEE WI 53209 |
Stephen W. Boettinger | officer: General Counsel | C/O REV GROUP, INC., 111 E KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202 |
Randall Swift | director | 450 LEXINGTON AVE, 40TH FLOOR, NEW YORK NY 10017 |
Dean J Nolden | officer: Chief Financial Officer | C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202 |
Timothy W Sullivan | director, officer: Chief Executive Officer | C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202 |
John Canan | director | C/O REV GROUP, INC., 111 EAST KILBOURN AVENUE, SUITE 2600, MILWAUKEE WI 53202 |
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