Eagle Materials (STU:E5M) Inventory Turnover : 1.01 (As of Mar. 2024)

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What is Eagle Materials 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. Eagle Materials's Cost of Goods Sold for the three months ended in Mar. 2024 was €328 Mil. Eagle Materials's Average Total Inventories for the quarter that ended in Mar. 2024 was €325 Mil. Eagle Materials's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.01.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Eagle Materials's Days Inventory for the three months ended in Mar. 2024 was 90.31.

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. Eagle Materials's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.74.

Eagle Materials Inventory Turnover Historical Data

The historical data trend for Eagle Materials'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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Eagle Materials Inventory Turnover Chart

Eagle Materials Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Inventory Turnover

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3.92

4.59

5.90

5.78

4.70

Eagle Materials Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															1.24	1.42	1.38	1.18	1.01

Eagle Materials Inventory Turnover Calculation

Eagle Materials's Inventory Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Inventory Turnover (A: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Mar. 2024 )	/ (	(Total Inventories (A: Mar. 2023 )	+	Total Inventories (A: Mar. 2024 ))	/	count )
=	1448.058	/ (	(272.618	+	344.009)	/	2 )
=	1448.058	/	308.3135
=	4.70

Eagle Materials's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	328.464	/ (	(306.12	+	344.009)	/	2 )
=	328.464	/	325.0645
=	1.01

Eagle Materials (STU:E5M) 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.

Eagle Materials's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	325.0645	/	328.464	*	365 / 4
	=	90.31

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.

Eagle Materials's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	325.0645	/	438.57
	=	0.74

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.

Eagle Materials Inventory Turnover Related Terms

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Eagle Materials (STU:E5M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Eagle Materials Inc (STU:E5M) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

EXP:USA EXP:Mexico E5M:Germany

Address

5960 Berkshire Lane, Suite 900, Dallas, TX, USA, 75225

Website

http://www.eaglematerials.com

Eagle Materials Inc produces and sells construction products and building materials. Construction products include cement, slag, concrete, and aggregates and building materials include gypsum wallboard, and are sold to the construction and building industries. Basic materials used for oil and natural gas extraction include frac sand and oil well cement. The firm organizes itself into two sectors: Heavy Materials, which includes the Cement and Concrete and Aggregates segments, and Light Materials, which includes the Gypsum Wallboard and Recycled Paperboard segments.

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