The historical rank and industry rank for Summit Materials's Days Inventory or its related term are showing as below:
SUM'
s Days Inventory Range Over the Past 10 Years
Min: 40.05 Med: 44.5 Max: 49.25
Current: 44.64
During the past 13 years, Summit Materials's highest Days Inventory was 49.25. The lowest was 40.05. And the median was 44.50.
SUM's Days Inventory is ranked better than 78.47% of 367
companies
in the Building Materials industry
Industry Median: 83.39
vs SUM: 44.64
Summit Materials's Days Inventory
declined
from Mar. 2023 (57.61) to Mar. 2024 (42.40).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Summit Materials's Inventory Turnover for the
three
months ended in Mar. 2024 was 2.15.
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.
Summit Materials's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.36.
Summit Materials Days Inventory Historical Data
The historical data trend for Summit Materials'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 Summit Materials's Days Inventory
For the Building Materials subindustry, Summit Materials'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.
Summit Materials's Days Inventory Distribution in the Building Materials Industry
For the Building Materials industry and Basic Materials sector, Summit Materials's Days Inventory distribution charts can be found below:
* The bar in red indicates where Summit Materials's Days Inventory falls into.
Summit Materials Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Summit Materials'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.
Summit Materials (NYSE:SUM) 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.
Summit Materials's Inventory Turnover for the
three
months ended in Mar. 2024 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.
Summit Materials's Inventory to Revenue for the
three
months ended in Mar. 2024 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.
Summit Materials Days Inventory Related Terms
Thank you for viewing the detailed overview of Summit Materials's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Summit Materials (Summit Materials) Business Description
Summit Materials Inc is an aggregates supplier and cement producer in the United States. The company sells products that include aggregates, which it supplies across the United States, and in British Columbia, Canada, and cement, which it supplies to surrounding states along the Mississippi River from Minnesota to Louisiana. In addition to supplying aggregates to customers, the company uses a portion of its materials internally to produce ready-mix concrete and asphalt paving mix, which may be sold externally or used in its paving and related services businesses. The company operates in 22 U.S. states and in British Columbia, Canada and has assets in 21 U.S. states and in British Columbia, Canada through their platforms.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SUM has been successfully added to your 