RPM International (RPM International) Days Inventory : 108.78 (As of Feb. 2024)

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What is RPM International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). RPM International's Average Total Inventories for the three months ended in Feb. 2024 was $1,092 Mil. RPM International's Cost of Goods Sold for the three months ended in Feb. 2024 was $916 Mil. Hence, RPM International's Days Inventory for the three months ended in Feb. 2024 was 108.78.

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

RPM' s Days Inventory Range Over the Past 10 Years
Min: 84.83 Med: 89.1 Max: 96.33
Current: 96.2

During the past 13 years, RPM International's highest Days Inventory was 96.33. The lowest was 84.83. And the median was 89.10.

RPM's Days Inventory is ranked worse than
58.46% of 1495 companies
in the Chemicals industry
Industry Median: 82.92 vs RPM: 96.20

RPM International's Days Inventory declined from Feb. 2023 (127.38) to Feb. 2024 (108.78).

Inventory Turnover measures how fast the company turns over its inventory within a year. RPM International's Inventory Turnover for the three months ended in Feb. 2024 was 0.84.

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. RPM International's Inventory-to-Revenue for the three months ended in Feb. 2024 was 0.72.

RPM International Days Inventory Historical Data

The historical data trend for RPM International'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.

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RPM International Days Inventory Chart

RPM International Annual Data

Trend

May14

May15

May16

May17

May18

May19

May20

May21

May22

May23

Days Inventory

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88.01

88.32

86.22

91.82

95.05

RPM International Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Inventory	Get a 7-Day Free Trial															127.38	91.05	86.87	97.03	108.78

Competitive Comparison of RPM International's Days Inventory

For the Specialty Chemicals subindustry, RPM International'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.

RPM International's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, RPM International's Days Inventory distribution charts can be found below:

* The bar in red indicates where RPM International's Days Inventory falls into.

RPM International Days Inventory Calculation

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

RPM International's Days Inventory for the fiscal year that ended in May. 2023 is calculated as

	Days Inventory (A: May. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: May. 2022 )	+	Total Inventories (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (1212.618	+	1135.496)	/	2 )	/	4508.37	*	365
=	1174.057					/	4508.37	*	365
=	95.05

RPM International's Days Inventory for the quarter that ended in Feb. 2024 is calculated as:

	Days Inventory (Q: Feb. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Nov. 2023 )	+	Total Inventories (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (1102.815	+	1080.698)	/	2 )	/	915.818	*	365 / 4
=	1091.7565					/	915.818	*	365 / 4
=	108.78

RPM International (NYSE:RPM) 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.

RPM International's Inventory Turnover for the three months ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	915.818	/	1091.7565
	=	0.84

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.

RPM International's Inventory to Revenue for the three months ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1091.7565	/	1522.982
	=	0.72

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.

RPM International Days Inventory Related Terms

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

RPM International (RPM International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » RPM International Inc (NYSE:RPM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

RP8:Germany RP8:Germany

Address

2628 Pearl Road, P.O. Box 777, Medina, OH, USA, 44256

Website

https://www.rpminc.com

RPM International Inc manufactures and sells a variety of paints, coatings, and adhesives. The firm organizes itself into four segments based on product type. The construction products group sells coatings, roofing, insulation, and other products to distributers, contractors, and end consumers globally. The performance coatings group produces coatings that are used in construction and industrial applications like floorings and corrosion control. The consumer group sells paint, finishes, and similar products to individual consumers through hardware and craft stores. The specialty products group sells a variety of products ranging from niche applications of the other groups, to marine finishes, to edible food colorings. The majority of revenue comes from North America.

Executives

Timothy R. Kinser	officer: VP-Operations	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Frederick R. Nance	director	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Frank C Sullivan	director, officer: President and CEO
Michael J. Laroche	officer: VP, Controller & CAO	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Edward W. Moore	officer: VP, Gen. Counsel & Secretary	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Matthew T Ratajczak	officer: VP-Global Tax and Treasurer	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Russell L Gordon	officer: VP and CFO	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
Ellen M Pawlikowski	director	870 WINTER STREET, WALTHAM MA 02451
Elizabeth F Whited	director	1400 DOUGLAS ST, OMAHA NE 68179
Thomas Gross	director	DANAHER CORP, 2099 PENNSYLVANIA AVE NW 12TH FL, WASHINGTON DC 20006
David A. Daberko	director	C/O MARATHON PETROLEUM CORPORATION, 539 S. MAIN STREET, FINDLAY OH 45840
Michael Hobart Sullivan	officer: VP, Operations and CRO	2628 PEARL ROAD, P.O. BOX 777, MEDINA OH 44258
John M Ballbach	director
Kirkland B Andrews	director	C/O EVERGY, INC., 1200 MAIN STREET, KANSAS CITY MO 64105
Robert Livingston	director	C/O DOVER CORPORATION, 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515