Days Inventory is also known as Days Sales of Inventory (DSI). Asbury Automotive Group's Average Total Inventories for the
three
months ended in Dec. 2023 was $1,505 Mil. Asbury Automotive Group's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $3,139 Mil.
Hence, Asbury Automotive Group's Days Inventory for the
three
months ended in Dec. 2023 was 43.76.
The historical rank and industry rank for Asbury Automotive Group's Days Inventory or its related term are showing as below:
ABG'
s Days Inventory Range Over the Past 10 Years
Min: 24.82 Med: 58.85 Max: 62.01
Current: 37.87
During the past 13 years, Asbury Automotive Group's highest Days Inventory was 62.01. The lowest was 24.82. And the median was 58.85.
ABG's Days Inventory is ranked better than 85.5% of 1255
companies
in the Vehicles & Parts industry
Industry Median: 81.83
vs ABG: 37.87
Asbury Automotive Group's Days Inventory
increased
from Dec. 2022 (27.39) to Dec. 2023 (43.76).
It might indicate that Asbury Automotive Group's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Asbury Automotive Group's Inventory Turnover for the
three
months ended in Dec. 2023 was 2.09.
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.
Asbury Automotive Group's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.39.
Asbury Automotive Group Days Inventory Historical Data
The historical data trend for Asbury Automotive Group'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.
Competitive Comparison of Asbury Automotive Group's Days Inventory
For the Auto & Truck Dealerships subindustry, Asbury Automotive Group'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.
Asbury Automotive Group's Days Inventory Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Asbury Automotive Group's Days Inventory distribution charts can be found below:
* The bar in red indicates where Asbury Automotive Group's Days Inventory falls into.
Asbury Automotive Group Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Asbury Automotive Group's Days Inventory for the fiscal year that 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.
Asbury Automotive Group (NYSE:ABG) 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.
Asbury Automotive Group'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.
Asbury Automotive Group'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.
Asbury Automotive Group Days Inventory Related Terms
Thank you for viewing the detailed overview of Asbury Automotive Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Asbury Automotive Group (Asbury Automotive Group) Business Description
Asbury Automotive Group is a regional collection of automobile dealerships that went public in March 2002. The company operates 138 new-vehicle stores, seven used-vehicle stores, and 32 collision centers. Over 70% of new-vehicle revenue is from luxury and import brands. Asbury also offers third-party financing and insurance products and its own F&I products via Total Care Auto. Asbury operates in 14 states (mostly Texas, the West, and the Southeast). Asbury store brands include David McDavid and Park Place in Texas, and the Larry H. Miller brand in the Western U.S. It plans to acquire Koons in the Washington, D.C. area in late 2023 or early 2024. Asbury generated $15.4 billion of revenue in 2022 and is based in the Atlanta area. The firm targets about $32 billion in 2025.
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