Superior Plus (Superior Plus) Days Inventory : 16.85 (As of Mar. 2024)

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What is Superior Plus Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Superior Plus's Average Total Inventories for the three months ended in Mar. 2024 was $80 Mil. Superior Plus's Cost of Goods Sold for the three months ended in Mar. 2024 was $433 Mil. Hence, Superior Plus's Days Inventory for the three months ended in Mar. 2024 was 16.85.

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

SUUIF' s Days Inventory Range Over the Past 10 Years
Min: 22.07 Med: 28.99 Max: 49.16
Current: 22.8

During the past 13 years, Superior Plus's highest Days Inventory was 49.16. The lowest was 22.07. And the median was 28.99.

SUUIF's Days Inventory is ranked better than
51.52% of 460 companies
in the Utilities - Regulated industry
Industry Median: 23.485 vs SUUIF: 22.80

Superior Plus's Days Inventory increased from Mar. 2023 (16.36) to Mar. 2024 (16.85). It might indicate that Superior Plus's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Superior Plus's Inventory Turnover for the three months ended in Mar. 2024 was 5.42.

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. Superior Plus's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.09.

Superior Plus Days Inventory Historical Data

The historical data trend for Superior Plus'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.

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Superior Plus Days Inventory Chart

Superior Plus Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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28.60

48.51

29.04

22.64

27.80

Superior Plus 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															16.36	27.38	37.12	20.13	16.85

Competitive Comparison of Superior Plus's Days Inventory

For the Utilities - Regulated Gas subindustry, Superior Plus'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.

Superior Plus's Days Inventory Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Superior Plus's Days Inventory distribution charts can be found below:

* The bar in red indicates where Superior Plus's Days Inventory falls into.

Superior Plus Days Inventory Calculation

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

Superior Plus'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
=	( (112.732	+	87.14)	/	2 )	/	1312.227	*	365
=	99.936					/	1312.227	*	365
=	27.80

Superior Plus'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
=	( (87.14	+	72.6)	/	2 )	/	432.5	*	365 / 4
=	79.87					/	432.5	*	365 / 4
=	16.85

Superior Plus (OTCPK:SUUIF) 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.

Superior Plus's Inventory Turnover for the three months ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	432.5	/	79.87
	=	5.42

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.

Superior Plus's Inventory to Revenue for the three months ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	79.87	/	897.7
	=	0.09

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.

Superior Plus Days Inventory Related Terms

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

Superior Plus (Superior Plus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Superior Plus Corp (OTCPK:SUUIF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

8SP:Germany SPB:Canada

Address

200 Wellington Street West, Suite 401, Toronto, ON, CAN, M5V 3C7

Website

https://www.superiorplus.com

Superior Plus Corp is a Canadian-based company that distributes energy and specialty chemicals. The company is organized into three business segments: U.S. Propane, Canadian Propane & Wholesale Propane, out of which the majority is from the U.S. Propane segment. The products & services offered by the company include wholesale procurement, distribution, related services for propane and other refined fuels, and supply of chemicals required by industries. The U.S. Propane segment distributes propane gas & liquid fuels along the Eastern U.S. & into the Midwest and California. The Canadian Propane segment includes the Canadian retail business with operations across Canada. The Wholesale Propane segment is the wholesale business with operations in Canada & the Western United States.