Stock Analysis on Net

Builders FirstSource Inc. (NYSE:BLDR)

This company has been moved to the archive! The financial data has not been updated since November 1, 2023.

Analysis of Short-term (Operating) Activity Ratios

Microsoft Excel

Short-term Activity Ratios (Summary)

Builders FirstSource Inc., short-term (operating) activity ratios

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Turnover Ratios
Inventory turnover 10.50 8.64 8.08 9.45 9.72
Receivables turnover 15.69 11.64 10.40 11.84 11.81
Payables turnover 18.65 12.84 10.55 12.14 13.71
Working capital turnover 13.73 10.81 7.45 14.99 12.02
Average No. Days
Average inventory processing period 35 42 45 39 38
Add: Average receivable collection period 23 31 35 31 31
Operating cycle 58 73 80 70 69
Less: Average payables payment period 20 28 35 30 27
Cash conversion cycle 38 45 45 40 42

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Builders FirstSource Inc. inventory turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Receivables turnover An activity ratio equal to revenue divided by receivables. Builders FirstSource Inc. receivables turnover ratio improved from 2020 to 2021 and from 2021 to 2022.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Builders FirstSource Inc. payables turnover ratio increased from 2020 to 2021 and from 2021 to 2022.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Builders FirstSource Inc. working capital turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Builders FirstSource Inc. number of days of inventory outstanding improved from 2020 to 2021 and from 2021 to 2022.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Builders FirstSource Inc. number of days of receivables outstanding improved from 2020 to 2021 and from 2021 to 2022.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Builders FirstSource Inc. operating cycle improved from 2020 to 2021 and from 2021 to 2022.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Builders FirstSource Inc. number of days of payables outstanding decreased from 2020 to 2021 and from 2021 to 2022.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.

Inventory Turnover

Builders FirstSource Inc., inventory turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Cost of sales 14,982,039 14,042,900 6,336,290 5,303,602 5,801,831
Inventories, net 1,426,196 1,626,244 784,527 561,255 596,896
Short-term Activity Ratio
Inventory turnover1 10.50 8.64 8.08 9.45 9.72
Benchmarks
Inventory Turnover, Competitors2
Boeing Co. 0.81 0.75 0.78 0.94
Caterpillar Inc. 2.54 2.53 2.55 3.25
Eaton Corp. plc 4.04 4.48 5.88 5.11
GE Aerospace 3.19 3.40 3.80 4.74
Honeywell International Inc. 4.04 4.29 4.94 5.51
Lockheed Martin Corp. 18.68 19.45 16.01 14.22
RTX Corp. 5.03 5.65 5.11 5.21
Inventory Turnover, Sector
Capital Goods 2.28 2.28 2.28 2.61
Inventory Turnover, Industry
Industrials 3.99 3.87 3.61 3.94

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Inventory turnover = Cost of sales ÷ Inventories, net
= 14,982,039 ÷ 1,426,196 = 10.50

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Builders FirstSource Inc. inventory turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Receivables Turnover

Builders FirstSource Inc., receivables turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Net sales 22,726,418 19,893,856 8,558,874 7,280,431 7,724,771
Accounts receivable, less allowances 1,448,139 1,708,796 822,753 614,946 654,170
Short-term Activity Ratio
Receivables turnover1 15.69 11.64 10.40 11.84 11.81
Benchmarks
Receivables Turnover, Competitors2
Boeing Co. 26.46 23.58 29.75 23.44
Caterpillar Inc. 6.39 5.68 5.33 5.92
Eaton Corp. plc 5.09 5.95 6.15 6.22
GE Aerospace 4.09 4.55 4.37 5.22
Honeywell International Inc. 4.77 5.04 4.78 4.90
Lockheed Martin Corp. 26.34 34.15 33.06 25.59
RTX Corp. 7.36 6.66 6.11 5.70
Receivables Turnover, Sector
Capital Goods 7.36 7.57 7.30 7.40
Receivables Turnover, Industry
Industrials 7.80 7.60 7.49 7.67

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Receivables turnover = Net sales ÷ Accounts receivable, less allowances
= 22,726,418 ÷ 1,448,139 = 15.69

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Builders FirstSource Inc. receivables turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Payables Turnover

Builders FirstSource Inc., payables turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Cost of sales 14,982,039 14,042,900 6,336,290 5,303,602 5,801,831
Accounts payable 803,479 1,093,370 600,357 436,823 423,168
Short-term Activity Ratio
Payables turnover1 18.65 12.84 10.55 12.14 13.71
Benchmarks
Payables Turnover, Competitors2
Boeing Co. 6.18 6.40 4.94 4.63
Caterpillar Inc. 4.76 4.36 4.75 6.15
Eaton Corp. plc 4.51 4.75 6.24 6.78
GE Aerospace 2.98 3.32 3.67 4.20
Honeywell International Inc. 3.53 3.40 3.86 4.25
Lockheed Martin Corp. 27.25 74.34 64.48 40.16
RTX Corp. 5.40 5.93 5.56 5.28
Payables Turnover, Sector
Capital Goods 5.21 5.60 5.54 5.63
Payables Turnover, Industry
Industrials 7.58 7.74 7.44 7.40

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Payables turnover = Cost of sales ÷ Accounts payable
= 14,982,039 ÷ 803,479 = 18.65

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Builders FirstSource Inc. payables turnover ratio increased from 2020 to 2021 and from 2021 to 2022.

Working Capital Turnover

Builders FirstSource Inc., working capital turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data (US$ in thousands)
Current assets 3,497,647 3,968,269 2,223,682 1,306,867 1,373,751
Less: Current liabilities 1,842,779 2,128,711 1,074,853 821,301 731,259
Working capital 1,654,868 1,839,558 1,148,829 485,566 642,492
 
Net sales 22,726,418 19,893,856 8,558,874 7,280,431 7,724,771
Short-term Activity Ratio
Working capital turnover1 13.73 10.81 7.45 14.99 12.02
Benchmarks
Working Capital Turnover, Competitors2
Boeing Co. 3.42 2.34 1.69 15.57
Caterpillar Inc. 4.62 3.54 2.84 4.04
Eaton Corp. plc 8.70 65.65 5.42 5.95
GE Aerospace 7.93 4.94 2.26 7.03
Honeywell International Inc. 7.03 5.86 3.64 5.92
Lockheed Martin Corp. 12.93 11.52 12.01 19.15
RTX Corp. 20.15 9.75 7.52 26.47
Working Capital Turnover, Sector
Capital Goods 6.79 5.01 3.24 8.95
Working Capital Turnover, Industry
Industrials 9.67 6.90 4.47 10.00

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Working capital turnover = Net sales ÷ Working capital
= 22,726,418 ÷ 1,654,868 = 13.73

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Builders FirstSource Inc. working capital turnover ratio improved from 2020 to 2021 and from 2021 to 2022.

Average Inventory Processing Period

Builders FirstSource Inc., average inventory processing period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data
Inventory turnover 10.50 8.64 8.08 9.45 9.72
Short-term Activity Ratio (no. days)
Average inventory processing period1 35 42 45 39 38
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Boeing Co. 452 486 467 388
Caterpillar Inc. 144 144 143 112
Eaton Corp. plc 90 82 62 71
GE Aerospace 114 107 96 77
Honeywell International Inc. 90 85 74 66
Lockheed Martin Corp. 20 19 23 26
RTX Corp. 73 65 71 70
Average Inventory Processing Period, Sector
Capital Goods 160 160 160 140
Average Inventory Processing Period, Industry
Industrials 91 94 101 93

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 10.50 = 35

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Builders FirstSource Inc. number of days of inventory outstanding improved from 2020 to 2021 and from 2021 to 2022.

Average Receivable Collection Period

Builders FirstSource Inc., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data
Receivables turnover 15.69 11.64 10.40 11.84 11.81
Short-term Activity Ratio (no. days)
Average receivable collection period1 23 31 35 31 31
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Boeing Co. 14 15 12 16
Caterpillar Inc. 57 64 68 62
Eaton Corp. plc 72 61 59 59
GE Aerospace 89 80 83 70
Honeywell International Inc. 77 72 76 75
Lockheed Martin Corp. 14 11 11 14
RTX Corp. 50 55 60 64
Average Receivable Collection Period, Sector
Capital Goods 50 48 50 49
Average Receivable Collection Period, Industry
Industrials 47 48 49 48

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 15.69 = 23

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Builders FirstSource Inc. number of days of receivables outstanding improved from 2020 to 2021 and from 2021 to 2022.

Operating Cycle

Builders FirstSource Inc., operating cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data
Average inventory processing period 35 42 45 39 38
Average receivable collection period 23 31 35 31 31
Short-term Activity Ratio
Operating cycle1 58 73 80 70 69
Benchmarks
Operating Cycle, Competitors2
Boeing Co. 466 501 479 404
Caterpillar Inc. 201 208 211 174
Eaton Corp. plc 162 143 121 130
GE Aerospace 203 187 179 147
Honeywell International Inc. 167 157 150 141
Lockheed Martin Corp. 34 30 34 40
RTX Corp. 123 120 131 134
Operating Cycle, Sector
Capital Goods 210 208 210 189
Operating Cycle, Industry
Industrials 138 142 150 141

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 35 + 23 = 58

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. Builders FirstSource Inc. operating cycle improved from 2020 to 2021 and from 2021 to 2022.

Average Payables Payment Period

Builders FirstSource Inc., average payables payment period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data
Payables turnover 18.65 12.84 10.55 12.14 13.71
Short-term Activity Ratio (no. days)
Average payables payment period1 20 28 35 30 27
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Boeing Co. 59 57 74 79
Caterpillar Inc. 77 84 77 59
Eaton Corp. plc 81 77 58 54
GE Aerospace 123 110 100 87
Honeywell International Inc. 103 107 95 86
Lockheed Martin Corp. 13 5 6 9
RTX Corp. 68 62 66 69
Average Payables Payment Period, Sector
Capital Goods 70 65 66 65
Average Payables Payment Period, Industry
Industrials 48 47 49 49

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 18.65 = 20

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Builders FirstSource Inc. number of days of payables outstanding decreased from 2020 to 2021 and from 2021 to 2022.

Cash Conversion Cycle

Builders FirstSource Inc., cash conversion cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Selected Financial Data
Average inventory processing period 35 42 45 39 38
Average receivable collection period 23 31 35 31 31
Average payables payment period 20 28 35 30 27
Short-term Activity Ratio
Cash conversion cycle1 38 45 45 40 42
Benchmarks
Cash Conversion Cycle, Competitors2
Boeing Co. 407 444 405 325
Caterpillar Inc. 124 124 134 115
Eaton Corp. plc 81 66 63 76
GE Aerospace 80 77 79 60
Honeywell International Inc. 64 50 55 55
Lockheed Martin Corp. 21 25 28 31
RTX Corp. 55 58 65 65
Cash Conversion Cycle, Sector
Capital Goods 140 143 144 124
Cash Conversion Cycle, Industry
Industrials 90 95 101 92

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

1 2022 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 35 + 2320 = 38

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.