Brilliant Earth Group (Brilliant Earth Group) Days Inventory : 66.69 (As of Dec. 2023)

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What is Brilliant Earth Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Brilliant Earth Group's Average Total Inventories for the three months ended in Dec. 2023 was $37.5 Mil. Brilliant Earth Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $51.3 Mil. Hence, Brilliant Earth Group's Days Inventory for the three months ended in Dec. 2023 was 66.69.

The historical rank and industry rank for Brilliant Earth Group's Days Inventory or its related term are showing as below:

BRLT' s Days Inventory Range Over the Past 10 Years
Min: 31.87 Med: 36.26 Max: 74.32
Current: 73.88

During the past 5 years, Brilliant Earth Group's highest Days Inventory was 74.32. The lowest was 31.87. And the median was 36.26.

BRLT's Days Inventory is ranked better than
65.76% of 1066 companies
in the Retail - Cyclical industry
Industry Median: 110.765 vs BRLT: 73.88

Brilliant Earth Group's Days Inventory declined from Dec. 2022 (67.07) to Dec. 2023 (66.69).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Brilliant Earth Group's Inventory Turnover for the three months ended in Dec. 2023 was 1.37.

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. Brilliant Earth Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.30.

Brilliant Earth Group Days Inventory Historical Data

The historical data trend for Brilliant Earth Group'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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Brilliant Earth Group Days Inventory Chart

Brilliant Earth Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

33.88

31.87

36.26

56.88

74.32

Brilliant Earth Group Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial											67.07	80.01	75.51	73.91	66.69

Competitive Comparison of Brilliant Earth Group's Days Inventory

For the Luxury Goods subindustry, Brilliant Earth Group'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.

Brilliant Earth Group's Days Inventory Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Brilliant Earth Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Brilliant Earth Group's Days Inventory falls into.

Brilliant Earth Group Days Inventory Calculation

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

Brilliant Earth Group'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
=	( (39.331	+	37.788)	/	2 )	/	189.382	*	365
=	38.5595					/	189.382	*	365
=	74.32

Brilliant Earth Group'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
=	( (37.256	+	37.788)	/	2 )	/	51.338	*	365 / 4
=	37.522					/	51.338	*	365 / 4
=	66.69

Brilliant Earth Group (NAS:BRLT) 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.

Brilliant Earth Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	51.338	/	37.522
	=	1.37

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.

Brilliant Earth Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	37.522	/	124.346
	=	0.30

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.

Brilliant Earth Group Days Inventory Related Terms

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

Brilliant Earth Group (Brilliant Earth Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Brilliant Earth Group Inc (NAS:BRLT) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 Grant Avenue, Third Floor, San Francisco, CA, USA, 94108

Website

https://www.brilliantearth.com

Brilliant Earth Group Inc designs, procures and sells ethically-sourced diamonds, gemstones and jewelry online and through showrooms. Its sales consist of revenue from diamond, gemstone, and jewelry retail sales. The company sells its products in the U.S. and other international countries, of which a majority of revenue is derived from the U.S.

Executives

Mainsail Gp Iii, Llc	10 percent owner	500 WEST 5TH STREET, SUITE 1100, AUSTIN TX 78701
Gavin Turner	director, 10 percent owner	500 WEST 5TH STREET, SUITE 1100, AUSTIN TX 78701
Jeffrey Chuenhong Kuo	officer: Chief Financial Officer	C/O BRILLIANT EARTH GROUP, INC., 300 GRANT AVENUE, 3RD FLOOR, SAN FRANCISCO CA 94108
Jennifer Noel Harris	director	13785 RESEARCH BLVD., SUITE 150, AUSTIN TX 78750
Ian Bickley	director	516 WEST 34TH STREET, NEW YORK NY 10001
Beth Tanara Gerstein	director, 10 percent owner, officer: Chief Executive Officer	C/O BRILLIANT EARTH GROUP, INC., 300 GRANT AVENUE, 3RD FLOOR, SAN FRANCISCO CA 94108
Eric Scott Grossberg	director, 10 percent owner, officer: Executive Chairman	C/O BRILLIANT EARTH GROUP, INC., 300 GRANT AVENUE, 3RD FLOOR, SAN FRANCISCO CA 94108
Just Rocks, Inc.	10 percent owner	300 GRANT AVENUE, THIRD FLOOR, SAN FRANCISCO CA 94108
Attica Jaques	director	MISSION ADVANCEMENT CORP., 2525 E CAMELBACK RD, STE 850, PHOENIX AZ 85016
Beth J Kaplan	director	1716 LOCUST STREET, DES MOINES IA 50309
Mainsail Partners Iii, L.p.	10 percent owner	500 WEST 5TH STREET, SUITE 1100, AUSTIN TX 78701
Mainsail Co-investors Iii, L.p.	10 percent owner	500 WEST 5TH STREET, SUITE 1100, AUSTIN TX 78701
Mainsail Incentive Program, Llc	10 percent owner	500 WEST 5TH STREET, SUITE 1100, AUSTIN TX 78701
Mainsail Management Company, Llc	10 percent owner	500 WEST 5TH STREET, SUITE 1100, AUSTIN TX 78701