WillScot Mobile Mini Holdings (WillScot Mobile Mini Holdings) Inventory Turnover : 5.84 (As of Dec. 2023)

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What is WillScot Mobile Mini Holdings Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. WillScot Mobile Mini Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $269 Mil. WillScot Mobile Mini Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $46 Mil. WillScot Mobile Mini Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 5.84.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. WillScot Mobile Mini Holdings's Days Inventory for the three months ended in Dec. 2023 was 15.62.

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. WillScot Mobile Mini Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.08.

WillScot Mobile Mini Holdings Inventory Turnover Historical Data

The historical data trend for WillScot Mobile Mini Holdings's Inventory Turnover 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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WillScot Mobile Mini Holdings Inventory Turnover Chart

WillScot Mobile Mini Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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41.16

33.98

30.95

28.44

23.31

WillScot Mobile Mini Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															6.11	5.84	5.89	5.95	5.84

WillScot Mobile Mini Holdings Inventory Turnover Calculation

WillScot Mobile Mini Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1030.897	/ (	(41.03	+	47.406)	/	2 )
=	1030.897	/	44.218
=	23.31

WillScot Mobile Mini Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	269.2	/ (	(44.729	+	47.406)	/	2 )
=	269.2	/	46.0675
=	5.84

WillScot Mobile Mini Holdings (NAS:WSC) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

WillScot Mobile Mini Holdings's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	46.0675	/	269.2	*	365 / 4
	=	15.62

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.

WillScot Mobile Mini Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	46.0675	/	612.376
	=	0.08

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

WillScot Mobile Mini Holdings Inventory Turnover Related Terms

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WillScot Mobile Mini Holdings (WillScot Mobile Mini Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » WillScot Mobile Mini Holdings Corp (NAS:WSC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

WS11:Germany

Address

4646 E Van Buren Street, Suite 400, Phoenix, AZ, USA, 85008

Website

https://www.willscotmobilemini.com

WillScot Mobile Mini Holdings Corp is a business services provider specializing in innovative flexible work space and portable storage solutions. The company's segment includes Modular Solutions and Storage Solutions. It generates maximum revenue from the Modular Solutions segment. The company serves furniture rental, transportation and logistics, facility management, job site services, commercial storage, and commercial real estate sector. Geographically, it derives a majority of its revenue from the United States.

Executives

Bradley Lee Soultz	director, officer: Chief Executive Officer	901 S. BOND STREET, SUITE 600, BALTIMORE MD 21231
Natalia Johnson	director	C/O PUBLIC STORAGE, 701 WESTERN AVENUE, GLENDALE CA 91201
Felicia Gorcyca	officer: Chief Human Resources Officer	4800 N. SCOTTSDALE ROAD, SUITE 6000, SCOTTSDALE AZ 85251
Sally J Shanks	officer: Chief Accounting Officer	901 S. BOND STREET, SUITE 600, BALTIMORE MD 21231
Jeffrey Sagansky	director, 10 percent owner, officer: President & CEO	1450 2ND STREET, SUITE 247, SANTA MONICA CA 90401
Erika T Davis	director
Graeme Parkes	officer: Chief Information Officer	4646 E. VAN BUREN STREET, SUITE 400, PHOENIX AZ 85008
Erik Olsson	director	C/O RSC HOLDINGS INC., 6929 E. GREENWAY PARKWAY, SCOTTSDALE AZ 85254
Hezron T. Lopez	officer: V.P.,Gen Counsel, Corp. Sec.	855 EAST MAIN AVE, ZEELAND MI 49464
Rebecca L Owen	director	1750 H STREET, SUITE 500, COLUMBIA EQUITY TRUST, INC., WASHINGTON DC 20006
Christopher J Miner	officer: SVP, GC & Secretary	7420 SOUTH KYRENE ROAD SUITE 101, TEMPE AZ 85253
Michael W Upchurch	director	KANSAS CITY SOUTHERN, PO BOX 219335, KANSAS CITY MO 64121
Sapphire Holding S.a R.l.	10 percent owner	C/O TDR CAPITAL LLP, 20 BENTINCK STREET, LONDON X0 W1U 2EU
Stephen Robertson	director, 10 percent owner	20 BENTINCK STREET, LONDON X0 W1U 2EU
Mark S. Bartlett	director	4701 WEST GREENFIELD AVENUE, MILWAUKEE WI 53214