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Days Inventory is also known as Days Sales of Inventory (DSI). United Rentals's Average Total Inventories for the three months ended in Sep. 2024 was $215 Mil. United Rentals's Cost of Goods Sold for the three months ended in Sep. 2024 was $2,344 Mil. Hence, United Rentals's Days Inventory for the three months ended in Sep. 2024 was 8.37.
The historical rank and industry rank for United Rentals's Days Inventory or its related term are showing as below:
During the past 13 years, United Rentals's highest Days Inventory was 10.87. The lowest was 6.74. And the median was 8.17.
United Rentals's Days Inventory declined from Sep. 2023 (8.60) to Sep. 2024 (8.37).
Inventory Turnover measures how fast the company turns over its inventory within a year. United Rentals's Inventory Turnover for the three months ended in Sep. 2024 was 10.90.
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. United Rentals's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.05.
The historical data trend for United Rentals'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.
United Rentals Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Days Inventory | Get a 7-Day Free Trial | 7.36 | 8.36 | 9.00 | 10.87 | 9.36 |
United Rentals Quarterly Data | ||||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | |
Days Inventory | Get a 7-Day Free Trial | 8.60 | 8.55 | 8.81 | 8.64 | 8.37 |
For the Rental & Leasing Services subindustry, United Rentals'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 Business Services industry and Industrials sector, United Rentals's Days Inventory distribution charts can be found below:
* The bar in red indicates where United Rentals's Days Inventory falls into.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
United Rentals'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 |
= | ( (232 | + | 205) | / | 2 ) | / | 8519 | * | 365 |
= | 218.5 | / | 8519 | * | 365 | ||||
= | 9.36 |
United Rentals's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:
Days Inventory (Q: Sep. 2024 ) | |||||||||
= | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period | ||||
= | ( (Total Inventories (Q: Jun. 2024 ) | + | Total Inventories (Q: Sep. 2024 )) | / | count ) | / | Cost of Goods Sold (Q: Sep. 2024 ) | * | Days in Period |
= | ( (219 | + | 211) | / | 2 ) | / | 2344 | * | 365 / 4 |
= | 215 | / | 2344 | * | 365 / 4 | ||||
= | 8.37 |
* 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.
United Rentals (NYSE:URI) 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.
United Rentals's Inventory Turnover for the three months ended in Sep. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 2344 | / | 215 | |
= | 10.90 |
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.
United Rentals's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 215 | / | 3992 | |
= | 0.05 |
* 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 United Rentals's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Joli L. Gross | officer: SVP, General Counsel | TWO AMERICAN LANE, GREENWICH CT 06831 |
Anthony S. Leopold | officer: SVP | C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902 |
Michael D Durand | officer: EVP, Chief Operating Officer | C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902 |
Matthew John Flannery | officer: Sr. Vice President- Operations | C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STAMFORD CT 06902 |
Craig Adam Pintoff | officer: Sr. V.P,, Gen. Counsel & H.R. | C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STE 700, STAMFORD CT 06902 |
William E. Grace | officer: VP, Interim CFO | C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902 |
Terri L. Kelly | director | C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902 |
Dale A Asplund | officer: Senior V.P.-Business Services | C/O BRIGHTVIEW HOLDINGS, INC., 980 JOLLY ROAD, SUITE 300, BLUE BELL PA 19422 |
Andrew B. Limoges | officer: VP, Controller | C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902 |
Jose B Alvarez | director | STOP & SHOP, 1385 HANCOCK STREET, QUINCY MA 02169 |
Francisco J Lopez-balboa | director | 3280 PEACHTREE ROAD, N.W., ATLANTA GA 30305 |
Jessica Graziano | officer: Vice President, Controller | C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STAMFORD CT 06902 |
Shiv Singh | director | C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902 |
De Shon Larry D | director | 6 SYLVAN WAY, PARSIPPANY NJ 07054 |
Filippo Passerini | director | C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STAMFORD CT 06902 |
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