Dana (DAN) Inventory Turnover : 1.38 (As of Dec. 2023)

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What is Dana Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Dana's Cost of Goods Sold for the three months ended in Dec. 2023 was $2,330 Mil. Dana's Average Total Inventories for the quarter that ended in Dec. 2023 was $1,695 Mil. Dana's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Dana's Days Inventory for the three months ended in Dec. 2023 was 66.36.

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. Dana's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.68.

Dana Inventory Turnover Historical Data

The historical data trend for Dana's Inventory Turnover 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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Dana Inventory Turnover Chart

Dana Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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6.73

5.54

5.98

5.92

5.88

Dana Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.48	1.45	1.43	1.41	1.38

Dana Inventory Turnover Calculation

Dana's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	9655	/ (	(1609	+	1676)	/	2 )
=	9655	/	1642.5
=	5.88

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	2330	/ (	(1713	+	1676)	/	2 )
=	2330	/	1694.5
=	1.38

Dana (NYSE:DAN) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Dana's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	1694.5	/	2330	*	365 / 4
	=	66.36

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	1694.5	/	2494
	=	0.68

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Dana Inventory Turnover Related Terms

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Dana (DAN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Dana Inc (NYSE:DAN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

4DH:Germany

Address

3939 Technology Drive, Maumee, OH, USA, 43537

Website

https://www.dana.com

Dana Inc is engaged in the designing and manufacturing of efficient propulsion and energy-management solutions that power vehicles and machines in all mobility markets across the globe. The company's portfolio improves the efficiency, performance, and sustainability of light vehicles, commercial vehicles, and off-highway equipment. From axles, driveshafts, transmissions, sealing, and thermal products to electrifications products including motors, inverters, controllers, e-sealing, e-thermal and digital solutions The company operates in four reportable segments Light Vehicle Drive Systems, Commercial Vehicle Drive & Motion Systems, Off-Highway Drive & Motion Systems, and Power Technologies. The maximum revenue is derived from the Light Vehicle Drive Systems segment.

Executives

Jeroen Decleer	officer: SVP & Pres Off-Highway Drive	GEMENEWEIDEWEG-NOORD 18, BRUGGE C9 8310
Aziz Aghili	officer: Pres Off-Hwy Technologies & AP	5706 KIRKRIDGE TRAIL, ROCHESTER HILLS MI 48306
James D Kellett	officer: VP & Chief Accounting Officer	3946 WRENS NEST BLVD, MAUMEE OH 43537
James Kevin Kamsickas	director, officer: President & CEO	44011 CYPRESS POINT DRIVE, NORTHVILLE MI 48168
Byron S Foster	officer: Pres, Light Veh Drive Systems	30 ISABELLA ST., PITTSBURGH PA 15212
Brett Icahn	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Gaoxiang Hu	director	16690 COLLINS AVE., SUITE PH-1, SUNNY ISLES BEACH FL 33160
Ernesto M Hernandez	director	C/O CONSTELLATION BRANDS, INC., 207 HIGH POINT DRIVE, BLDG. 100, VICTOR NY 14564
Timothy R Kraus	officer: SVP & Chief Financial Officer	812, PILGRAM AVENUE, BIRMINGHAM MI 48009
Robert D Pyle	officer: Pres, Light Vehicle Driveline	3939 TECHNOLOGY DRIVE, MAUMEE OH 43537
Jonathan Mark Collins	officer: SVP & Chief Financial Officer	50196 VENICE COURT, NORTHVILLE MI 48168
Ryan Laskey	officer: SVP - Commercial Veh Drive	9332 CRISTAL MARIE CT, TEMPERANCE MI 48182
Antonio Valencia	officer: Pres. Power Technologies Group	3939 TECHNOLOGY DRIVE, MAUMEE OH 43537
Keith E Wandell	director
Bridget E Karlin	director	3 TALL TREE LANE, PLEASANTVILLE NY 10570