Days Inventory is also known as Days Sales of Inventory (DSI). Taylor Morrison Home's Average Total Inventories for the
three
months ended in Dec. 2023 was $5,513 Mil. Taylor Morrison Home's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $1,528 Mil.
Hence, Taylor Morrison Home's Days Inventory for the
three
months ended in Dec. 2023 was 329.28.
The historical rank and industry rank for Taylor Morrison Home's Days Inventory or its related term are showing as below:
TMHC'
s Days Inventory Range Over the Past 10 Years
Min: 323.49 Med: 358.27 Max: 427.68
Current: 349.32
During the past 13 years, Taylor Morrison Home's highest Days Inventory was 427.68. The lowest was 323.49. And the median was 358.27.
TMHC's Days Inventory is ranked worse than 54.08% of 98
companies
in the Homebuilding & Construction industry
Industry Median: 321.76
vs TMHC: 349.32
Taylor Morrison Home's Days Inventory
increased
from Dec. 2022 (273.17) to Dec. 2023 (329.28).
It might indicate that Taylor Morrison Home's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Taylor Morrison Home's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.28.
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.
Taylor Morrison Home's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 2.73.
Taylor Morrison Home Days Inventory Historical Data
The historical data trend for Taylor Morrison Home'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 Taylor Morrison Home's Days Inventory
For the Residential Construction subindustry, Taylor Morrison Home'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.
Taylor Morrison Home's Days Inventory Distribution in the Homebuilding & Construction Industry
For the Homebuilding & Construction industry and Consumer Cyclical sector, Taylor Morrison Home's Days Inventory distribution charts can be found below:
* The bar in red indicates where Taylor Morrison Home's Days Inventory falls into.
Taylor Morrison Home Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Taylor Morrison Home'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.
Taylor Morrison Home (NYSE:TMHC) 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.
Taylor Morrison Home's Inventory Turnover for the
three
months ended in Dec. 2023 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.
Taylor Morrison Home's Inventory to Revenue for the
three
months 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.
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.
Taylor Morrison Home Days Inventory Related Terms
Thank you for viewing the detailed overview of Taylor Morrison Home's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Taylor Morrison Home (Taylor Morrison Home) Business Description
Taylor Morrison Home is an American residential construction company that builds single-family homes and communities throughout California, Arizona, Texas, Illinois, Colorado, Florida, Georgia, and North Carolina. Taylor Morrison also reports via a mortgage operations segment that provides financing services for its homebuyers. It constructs various types of single-family homes, from entry-level to luxury move-up homes, as well as active adult communities. The majority of the company's revenue is derived from its construction projects, with the West and central operating regions leading the way.
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