James Hardie Industries (James Hardie Industries) Days Inventory

: 48.82 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). James Hardie Industries's Average Total Inventories for the three months ended in Dec. 2023 was $309 Mil. James Hardie Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $578 Mil. Hence, James Hardie Industries's Days Inventory for the three months ended in Dec. 2023 was 48.82.

The historical rank and industry rank for James Hardie Industries's Days Inventory or its related term are showing as below:

JHX' s Days Inventory Range Over the Past 10 Years
Min: 38.74 Med: 61.21 Max: 67.4
Current: 51.06

During the past 13 years, James Hardie Industries's highest Days Inventory was 67.40. The lowest was 38.74. And the median was 61.21.

JHX's Days Inventory is ranked better than
73.57% of 367 companies
in the Building Materials industry
Industry Median: 83.24 vs JHX: 51.06

James Hardie Industries's Days Inventory declined from Dec. 2022 (55.24) to Dec. 2023 (48.82).

Inventory Turnover measures how fast the company turns over its inventory within a year. James Hardie Industries's Inventory Turnover for the three months ended in Dec. 2023 was 1.87.

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. James Hardie Industries's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.32.

James Hardie Industries Days Inventory Historical Data

The historical data trend for James Hardie Industries'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.

James Hardie Industries Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

62.42

67.90

51.44

39.49

46.19

James Hardie Industries Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																55.24	55.54	51.55	46.67	48.82

Competitive Comparison

For the Building Materials subindustry, James Hardie Industries'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.

James Hardie Industries Days Inventory Distribution

For the Building Materials industry and Basic Materials sector, James Hardie Industries's Days Inventory distribution charts can be found below:

* The bar in red indicates where James Hardie Industries's Days Inventory falls into.

James Hardie Industries Days Inventory Calculation

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

James Hardie Industries's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (279.7	+	344.2)	/	2 )	/	2465.1	*	365
=	311.95					/	2465.1	*	365
=	46.19

James Hardie Industries'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (296.7	+	321.4)	/	2 )	/	577.6	*	365 / 4
=	309.05					/	577.6	*	365 / 4
=	48.82

James Hardie Industries (NYSE:JHX) 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.

James Hardie Industries's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	577.6	/	309.05
	=	1.87

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.

James Hardie Industries's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	309.05	/	978.3
	=	0.32

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.

James Hardie Industries Days Inventory Related Terms

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

James Hardie Industries (James Hardie Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » James Hardie Industries PLC (NYSE:JHX) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

JHIUF:USA JHA0:Germany JHA:Germany JHA:Germany JHX:Australia

Address

Harcourt Street, Europa House, 2nd Floor, Harcourt Centre, Dublin, IRL, D02 WR20

Website

https://ir.jameshardie.com.au

James Hardie is a manufacturer of fiber cement-based building products, selling primarily to the residential construction industry. North America is the primary geography, generating about 80% of group earnings. Here, it is the largest manufacturer of fiber cement, which is mainly used for siding. Asia-Pacific businesses in Australia, New Zealand, and the Philippines, as well as Europe, make up the rest of earnings. In 2018, the group acquired Fermacell, a fiber gypsum building products business headquartered in Germany with operations throughout Europe.