Days Inventory is also known as Days Sales of Inventory (DSI). United Rentals's Average Total Inventories for the
three
months ended in Mar. 2024 was €190 Mil. United Rentals's Cost of Goods Sold for the
three
months ended in Mar. 2024 was €1,968 Mil.
Hence, United Rentals's Days Inventory for the
three
months ended in Mar. 2024 was 8.80.
The historical rank and industry rank for United Rentals's Days Inventory or its related term are showing as below:
FRA:UR3'
s Days Inventory Range Over the Past 10 Years
Min: 6.74 Med: 8.17 Max: 10.87
Current: 8.86
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.
FRA:UR3's Days Inventory is ranked better than 70.48% of 681
companies
in the Business Services industry
Industry Median: 29.1
vs FRA:UR3: 8.86
United Rentals's Days Inventory
declined
from Mar. 2023 (10.19) to Mar. 2024 (8.80).
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 Mar. 2024 was 10.38.
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 Mar. 2024 was 0.06.
United Rentals Days Inventory Historical Data
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.
Competitive Comparison of United Rentals's Days Inventory
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.
United Rentals's Days Inventory Distribution in the Business Services Industry
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.
United Rentals Days Inventory Calculation
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
* 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 (FRA:UR3) 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 Mar. 2024 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.
United Rentals's Inventory to Revenue for the
three
months ended in Mar. 2024 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.
United Rentals Days Inventory Related Terms
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.
United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 17% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $21 billion) now includes a range of specialty equipment and other items that can be rented for indefinitely long periods.
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