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Core Molding Technologies (Core Molding Technologies) Days Inventory : 34.16 (As of Dec. 2023)


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What is Core Molding Technologies Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Core Molding Technologies's Average Total Inventories for the three months ended in Dec. 2023 was $23.5 Mil. Core Molding Technologies's Cost of Goods Sold for the three months ended in Dec. 2023 was $62.8 Mil. Hence, Core Molding Technologies's Days Inventory for the three months ended in Dec. 2023 was 34.16.

The historical rank and industry rank for Core Molding Technologies's Days Inventory or its related term are showing as below:

CMT' s Days Inventory Range Over the Past 10 Years
Min: 27.52   Med: 29.68   Max: 38.89
Current: 29.96

During the past 13 years, Core Molding Technologies's highest Days Inventory was 38.89. The lowest was 27.52. And the median was 29.68.

CMT's Days Inventory is ranked better than
91.51% of 1495 companies
in the Chemicals industry
Industry Median: 83.73 vs CMT: 29.96

Core Molding Technologies's Days Inventory increased from Dec. 2022 (30.87) to Dec. 2023 (34.16). It might indicate that Core Molding Technologies's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Core Molding Technologies's Inventory Turnover for the three months ended in Dec. 2023 was 2.67.

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. Core Molding Technologies's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.32.


Core Molding Technologies Days Inventory Historical Data

The historical data trend for Core Molding Technologies'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.

* Premium members only.

Core Molding Technologies Days Inventory Chart

Core Molding Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 32.95 38.89 29.82 27.52 28.59

Core Molding Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 30.87 27.28 29.21 31.53 34.16

Competitive Comparison of Core Molding Technologies's Days Inventory

For the Specialty Chemicals subindustry, Core Molding Technologies'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.


Core Molding Technologies's Days Inventory Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Core Molding Technologies's Days Inventory distribution charts can be found below:

* The bar in red indicates where Core Molding Technologies's Days Inventory falls into.



Core Molding Technologies Days Inventory Calculation

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

Core Molding Technologies's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (23.871 + 22.063) / 2 ) / 293.218*365
=22.967 / 293.218*365
=28.59

Core Molding Technologies's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (24.988 + 22.063) / 2 ) / 62.838*365 / 4
=23.5255 / 62.838*365 / 4
=34.16

* 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.


Core Molding Technologies  (AMEX:CMT) 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.

Core Molding Technologies's Inventory Turnover for the three months ended in Dec. 2023 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.

Core Molding Technologies's Inventory to Revenue for the three months 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.


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.


Core Molding Technologies Days Inventory Related Terms

Thank you for viewing the detailed overview of Core Molding Technologies's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Core Molding Technologies (Core Molding Technologies) Business Description

Traded in Other Exchanges
Address
800 Manor Park Drive, Columbus, OH, USA, 43228-0183
Core Molding Technologies Inc operates in the engineered materials market as one operating segment as a molder of thermoplastic and thermoset structural products. It produces and sells molded products for varied markets, including medium and heavy-duty trucks, automobiles, power sports, construction and agriculture, building products, and other industrial markets. The processes include compression molding of sheet molding compound (SMC), resin transfer molding (RTM), liquid molding of dicyclopentadiene (DCPD), spray-up and hand-lay-up, direct long-fiber thermoplastics (D-LFT) and structural foam, and structural web injection molding (SIM). It operates in Columbus, Ohio, Columbus, and Batavia, Ohio; Gaffney, South Carolina; Winona, Minnesota; Matamoros and others.
Executives
John P Zimmer officer: VP, Treasurer, Secretary & CFO 800 MANOR PARK DRIVE, COLUMBUS OH 43228
Renee R Anderson officer: EVP, Human Resources 800 MANOR PARK DR, COLUMBUS OH 43228
Eric Palomaki officer: Vice President of Operations 800 MANOR PARK DRIVE, COLUMBUS OH 43228
David L. Duvall director, officer: Chief Executive Officer 800 MANOR PARK DRIVE, COLUMBUS OH 43228
Thomas R Cellitti director 493 S KENILWORTH AVENUE, ELMHURST IL 60126
Ralph O Hellmold director
Matthew Jauchius director 800 MANOR PARK DRIVE, COLUMBUS OH 43228
James C Highfield officer: EVP, Sales and Marketing 800 MANOR PARK DRIVE, COLUMBUS OH 43228
Andrew O Smith director 800 MANOR PARK DRIVE, COLUMBUS OH 43228
James F Crowley director
Sandra Lee Kowaleski director 800 MANOR PARK DRIVE, COLUMBUS OH 43228
James L Simonton director
Robert P Price officer: Vice President of Operations 800 MANOR PARK DRIVE, COLUMBUS OH 43228
Terrence James O'donovan officer: VP, Marketing and Sales 800 MANOR PARK DRIVE, COLUMBUS OH 43228
Kevin L Barnett director, officer: President and CEO

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