Werner Enterprises (Werner Enterprises) Days Inventory : 2.24 (As of Dec. 2023)

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What is Werner Enterprises Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Werner Enterprises's Average Total Inventories for the three months ended in Dec. 2023 was $18 Mil. Werner Enterprises's Cost of Goods Sold for the three months ended in Dec. 2023 was $719 Mil. Hence, Werner Enterprises's Days Inventory for the three months ended in Dec. 2023 was 2.24.

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

WERN' s Days Inventory Range Over the Past 10 Years
Min: 1.69 Med: 2.06 Max: 3.66
Current: 2.06

During the past 13 years, Werner Enterprises's highest Days Inventory was 3.66. The lowest was 1.69. And the median was 2.06.

WERN's Days Inventory is ranked better than
84.1% of 780 companies
in the Transportation industry
Industry Median: 11.505 vs WERN: 2.06

Werner Enterprises's Days Inventory increased from Dec. 2022 (1.74) to Dec. 2023 (2.24). It might indicate that Werner Enterprises's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Werner Enterprises's Inventory Turnover for the three months ended in Dec. 2023 was 40.68.

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. Werner Enterprises's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.02.

Werner Enterprises Days Inventory Historical Data

The historical data trend for Werner Enterprises'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.

Werner Enterprises Days Inventory Chart

Werner Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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1.73

2.03

1.88

1.69

2.08

Werner Enterprises Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															1.74	1.86	2.01	2.12	2.24

Competitive Comparison of Werner Enterprises's Days Inventory

For the Trucking subindustry, Werner Enterprises'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.

Werner Enterprises's Days Inventory Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Werner Enterprises's Days Inventory distribution charts can be found below:

* The bar in red indicates where Werner Enterprises's Days Inventory falls into.

Werner Enterprises Days Inventory Calculation

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

Werner Enterprises'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
=	( (14.527	+	18.077)	/	2 )	/	2859.846	*	365
=	16.302					/	2859.846	*	365
=	2.08

Werner Enterprises'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
=	( (17.251	+	18.077)	/	2 )	/	718.548	*	365 / 4
=	17.664					/	718.548	*	365 / 4
=	2.24

Werner Enterprises (NAS:WERN) 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.

Werner Enterprises's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	718.548	/	17.664
	=	40.68

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.

Werner Enterprises's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	17.664	/	821.945
	=	0.02

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.

Werner Enterprises Days Inventory Related Terms

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

Werner Enterprises (Werner Enterprises) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Werner Enterprises Inc (NAS:WERN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

WE1:Germany

Address

14507 Frontier Road, Post Office Box 45308, Omaha, NE, USA, 68145-0308

Website

https://www.werner.com

Werner Enterprises Inc ranks among the top five full-truckload carriers by revenue, with a fleet of more than 7,800 tractors, including owner-operators. The company has two reportable segments - TTS and Werner Logistics. It derives about 80% of its top line from a wide array of full-truckload shipping services (including dedicated contract carriage; roughly 20% comes from non-asset based logistics operations, including truck brokerage.

Executives

Michelle D. Greene	director	1141 N. OLD WORLD 3RD STREET, UNIT # 2414, MILWAUKEE WI 53203
Christopher D Wikoff	officer: Exec VP - Treasurer & CFO	P.O. BOX 45308, OMAHA NE 68145
Eric J Downing	officer: Exec VP and COO	P.O. BOX 45308, OMAHA NE 68145
Carmen A Tapio	director	P.O. BOX 45308, OMAHA NE 68145
Michelle Dye Livingstone	director	P.O. BOX 45308, OMAHA NE 68145
Scott C Arves	director	SCHNEIDER NATIONAL, INC., P.O. BOX 2545, GREEN BAY WI 54306
Alexi Wellman	director	ALTABA, 140 E 45TH STREET, 15TH FLOOR, SUITE 15A, NEW YORK NY 10017
Vikram Mansharamani	director	P.O. BOX 45308, OMAHA NE 68145
Jim S Schelbe	officer: Vice President - Sales	C/O WERNER ENTERPRISES INC, PO BO X45308, OMAHA NE 68415-0308
H Marty Nordlund	officer: Senior VP-Specialized Services	PO BOX 45308, OMAHA NE 68145-0308
Derek J Leathers	officer: Senior VP - Van	PO BOX 45308, OMAHA NE 68145-0308
Craig T Callahan	officer: VP Logistics & Corporate Sales	P.O. BOX 45308, OMAHA NE 68145
Clarence L Werner	director, 10 percent owner, officer: Chief Executive Officer	PO BOX 45308, OMAHA NE 68145
Daragh P Mahon	officer: Executive Vice President & CIO	P.O. BOX 45308, OMAHA NE 68145
James Lynn Johnson	officer: Vice President - Controller	PO BOX 45308, OMAHA NE 68145-0308