Days Inventory is also known as Days Sales of Inventory (DSI). Modine Manufacturing Co's Average Total Inventories for the
three
months ended in Dec. 2023 was $331 Mil. Modine Manufacturing Co's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $434 Mil.
Hence, Modine Manufacturing Co's Days Inventory for the
three
months ended in Dec. 2023 was 69.66.
The historical rank and industry rank for Modine Manufacturing Co's Days Inventory or its related term are showing as below:
MOD'
s Days Inventory Range Over the Past 10 Years
Min: 32.78 Med: 39.79 Max: 62.16
Current: 62.16
During the past 13 years, Modine Manufacturing Co's highest Days Inventory was 62.16. The lowest was 32.78. And the median was 39.79.
MOD's Days Inventory is ranked better than 65.74% of 1258
companies
in the Vehicles & Parts industry
Industry Median: 82.23
vs MOD: 62.16
Modine Manufacturing Co's Days Inventory
increased
from Dec. 2022 (59.92) to Dec. 2023 (69.66).
It might indicate that Modine Manufacturing Co's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Modine Manufacturing Co's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.31.
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.
Modine Manufacturing Co's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.59.
Modine Manufacturing Co Days Inventory Historical Data
The historical data trend for Modine Manufacturing Co'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.
For the Auto Parts subindustry, Modine Manufacturing Co'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.
Modine Manufacturing Co Days Inventory Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, Modine Manufacturing Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Modine Manufacturing Co's Days Inventory falls into.
Modine Manufacturing Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Modine Manufacturing Co's Days Inventory for the fiscal year that ended in Mar. 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.
Modine Manufacturing Co (NYSE:MOD) 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.
Modine Manufacturing Co'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.
Modine Manufacturing Co'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.
Modine Manufacturing Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Modine Manufacturing Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Modine Manufacturing Co (Modine Manufacturing Co) Business Description
Modine Manufacturing Co provides thermal management solutions to diversified markets and customers. The company provides engineered heat transfer systems and heat transfer components for use in on- and off-highway original equipment manufacturer (OEM) vehicular applications primarily in the United States. It offers powertrain cooling products, such as engine cooling assemblies, radiators, condensers, and charge air coolers; auxiliary cooling products, including power steering and transmission oil coolers.
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