Magna International (Magna International) Change In Inventory : $-196 Mil (TTM As of Dec. 2023)

View and export this data going back to 1992. Start your Free Trial

What is Magna International Change In Inventory?

Magna International's change in inventory for the quarter that ended in Dec. 2023 was $242 Mil. It means Magna International's inventory declined by $242 Mil from Sep. 2023 to Dec. 2023 .

Magna International's change in inventory for the fiscal year that ended in Dec. 2023 was $-196 Mil. It means Magna International's inventory increased by $196 Mil from Dec. 2022 to Dec. 2023 .

Magna International's Total Inventories for the quarter that ended in Dec. 2023 was $4,606 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Magna International's Days Inventory for the quarter that ended in Dec. 2023 was 47.64.

Inventory Turnover measures how fast the company turns over its inventory within a year. Magna International's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.92.

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. Magna International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.45.

Magna International Change In Inventory Historical Data

The historical data trend for Magna International's Change In 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.

* Premium members only.

Magna International Change In Inventory Chart

Magna International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

Get a 7-Day Free Trial

104.00

37.00

-653.00

-448.00

-196.00

Magna International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															79.00	-235.00	-43.00	-160.00	242.00

Magna International Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-196 Mil.

Magna International (NYSE:MGA) Change In Inventory Explanation

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

Magna International's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	4678.5	/	8961	*	365 / 4
	=	47.64

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Magna International's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8961	/	4678.5
	=	1.92

3. 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.

Magna International's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4678.5	/	10454
	=	0.45

Magna International Change In Inventory Related Terms

Thank you for viewing the detailed overview of Magna International's Change In Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Magna International (Magna International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Magna International Inc (NYSE:MGA) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

MGA N:Mexico MGA:Germany MGA:Germany MG:Canada

Address

337 Magna Drive, Aurora, ON, CAN, L4G 7K1

Website

https://www.magna.com

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2022, roughly 50% of Magna's revenue came from North America while Europe accounted for approximately 38%.