Magna International (Magna International) Days Inventory

: 47.64 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Magna International's Average Total Inventories for the three months ended in Dec. 2023 was $4,679 Mil. Magna International's Cost of Goods Sold for the three months ended in Dec. 2023 was $8,961 Mil. Hence, Magna International's Days Inventory for the three months ended in Dec. 2023 was 47.64.

The historical rank and industry rank for Magna International's Days Inventory or its related term are showing as below:

MGA' s Days Inventory Range Over the Past 10 Years
Min: 30.7 Med: 37.29 Max: 44.47
Current: 44.47

During the past 13 years, Magna International's highest Days Inventory was 44.47. The lowest was 30.70. And the median was 37.29.

MGA's Days Inventory is ranked better than
80.73% of 1256 companies
in the Vehicles & Parts industry
Industry Median: 81.885 vs MGA: 44.47

Magna International's Days Inventory increased from Dec. 2022 (45.00) to Dec. 2023 (47.64). It might indicate that Magna International's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Magna International's Inventory Turnover for the three months 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 three months ended in Dec. 2023 was 0.45.

Magna International Days Inventory Historical Data

The historical data trend for Magna International'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.

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Magna International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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35.98

43.66

43.50

44.81

43.12

Magna International 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															45.00	41.68	43.43	46.37	47.64

Competitive Comparison

For the Auto Parts subindustry, Magna International'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.

Magna International Days Inventory Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Magna International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Magna International's Days Inventory falls into.

Magna International Days Inventory Calculation

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 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
=	( (4180	+	4606)	/	2 )	/	37185	*	365
=	4393					/	37185	*	365
=	43.12

Magna International'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
=	( (4751	+	4606)	/	2 )	/	8961	*	365 / 4
=	4678.5					/	8961	*	365 / 4
=	47.64

Magna International (NYSE:MGA) 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.

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

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

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.

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

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

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.

Magna International Days Inventory Related Terms

Thank you for viewing the detailed overview of Magna International's Days 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 » Days 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%.