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Commercial Metals Company  (CMC)
Other Ticker:  
 
    Sector  Basic Materials    Industry Iron & Steel
   Industry Iron & Steel
   Sector  Basic Materials
 

Commercial Metals Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Due to inventory build up in the second quarter 2024, Commercial Metals's inventory turnover ratio sequentially decreased to 6.28 in the second quarter 2024, unsurprisingly, as the Commercial Metals markets continue to deteriorate, and CMC's faces growing challenges to bring down its inventories. Commercial Metals's average inventory processing period in the Feb 29 2024 quarter, has increased to 58 days, from 57 days, in the Nov 30 2023 quarter.

Within Basic Materials sector Commercial Metals Company achieved the highest inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the II Quarter 2024, to 3, from total ranking in the first quarter 2024 at 16.

CMC Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Commercial Metals Company Market Share?

What is Inventory Turnover Ratio?


CMC Inventory Turnover Ratio (Feb 29 2024)
II. Quarter
(Nov 30 2023)
I. Quarter
(Aug 31 2023)
IV. Quarter
(May 31 2023)
III. Quarter
(Feb 28 2023)
II. Quarter
Y / Y Inventory Growth 0.54 % -6.72 % -11.47 % -14.92 % 0.16 %
Y / Y Cost of Sales Growth -4.3 % -6.71 % -3.66 % -4.81 % 0.42 %
Inventory Turnover Ratio (TTM) 6.28 6.36 6.35 6.23 6.04
CMC's Total Ranking # 3 # 16 # 16 # 0 # 0
Average inventory processing period 58 57 57 59 60
Seq. Inventory Growth 11.84 % -0.67 % -9.59 % 0.11 % 3.76 %
Seq. Cost of Sales Growth -3.24 % -12.34 % -1.75 % 14.83 % -5.68 %



Inventory Turnover Ratio Company Ranking
Within: No.
Iron & Steel Industry # 0
Basic Materials Sector # 0
Overall Market # 3

Inventory Turnover Ratio Statistics
High Average Low
7.49 6.4 4.66
(Dec. 30, 2013)   (March 31, 2016)




Financial Statements
Commercial Metals's Inventories $ 1,150 Millions Visit CMC's Balance sheet
Commercial Metals's Cost of Revenues TTM $ 6,848 Millions Visit CMC's Income Statement
What are CMC's Sales? Visit CMC's Sales by Segment

Other Inventory Turnover Ratios
Commercial Metals's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Iron & Steel Industry Inventory Turnover Trends and Statistics
Basic Materials Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
CMC's Inventory Turnover Ratio versus Iron & Steel Industry, Basic Materials Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for CMC's Competitors
Inventory Turnover Ratio for CMC's Suppliers
Inventory Turnover Ratio for CMC's Customers

You may also want to know
CMC's Sales Growth Rates CMC's Pe Price to earnings ratio CMC's Receivables Turnover Ratio CMC's Stock Quote
CMC's Net Income Growth Rates CMC's Ps Price to Sales ratio CMC's Sales per Employee CMC's Asset Turnover Ratio
CMC's Net Margin CMC's Pb Price to Book ratio CMC's Financial Strength Ratios CMC's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Feb 29 2024, within Basic Materials Sector Inventory Turnover Ratio Cost of revenues at quarter ending Feb 29 2024 Inventories at quarter ending Feb 29 2024
Commercial Metals Company  6.28 $ 6,848.197  Millions$ 1,090  Millions

Date modified: 2024-03-26T21:47:39+00:00



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