Days Inventory is also known as Days Sales of Inventory (DSI). Forvia SE's Average Total Inventories for the
six
months ended in Dec. 2023 was €2,990 Mil. Forvia SE's Cost of Goods Sold for the
six
months ended in Dec. 2023 was €11,814 Mil.
Hence, Forvia SE's Days Inventory for the
six
months ended in Dec. 2023 was 46.18.
The historical rank and industry rank for Forvia SE's Days Inventory or its related term are showing as below:
FRA:FAU'
s Days Inventory Range Over the Past 10 Years
Min: 23.39 Med: 33.92 Max: 45.93
Current: 45.93
During the past 13 years, Forvia SE's highest Days Inventory was 45.93. The lowest was 23.39. And the median was 33.92.
FRA:FAU's Days Inventory is ranked better than 79.41% of 1258
companies
in the Vehicles & Parts industry
Industry Median: 81.295
vs FRA:FAU: 45.93
Forvia SE's Days Inventory
declined
from Dec. 2022 (46.54) to Dec. 2023 (46.18).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Forvia SE's Inventory Turnover for the
six
months ended in Dec. 2023 was 3.95.
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.
Forvia SE's Inventory-to-Revenue for the
six
months ended in Dec. 2023 was 0.22.
Forvia SE Days Inventory Historical Data
The historical data trend for Forvia SE'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 Forvia SE's Days Inventory
For the Auto Parts subindustry, Forvia SE'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.
Forvia SE's Days Inventory Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Forvia SE's Days Inventory distribution charts can be found below:
* The bar in red indicates where Forvia SE's Days Inventory falls into.
Forvia SE Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Forvia SE'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.
Forvia SE (FRA:FAU) 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.
Forvia SE's Inventory Turnover for the
six
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.
Forvia SE's Inventory to Revenue for the
six
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.
Forvia SE Days Inventory Related Terms
Thank you for viewing the detailed overview of Forvia SE's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Forvia operates in automotive seating, interior systems, emission control technologies, electronics, lighting, and a segment called lifecycle solutions that does automotive-related recycling. The company has a global presence, with over 300 industrial facilities and 63 R&D centers in more than 40 countries, but much of its workforce is located in high-cost countries. Forvia's five largest customers by percentage of 2022 revenue are Volkswagen at 15.4%, Stellantis at 11.7%, Ford at 7.7%, the Renault-Nissan-Mitsubishi Alliance at 6.2%, and Mercedes-Benz at 6.1%. Geographically, Europe accounted for 44% of 2022 revenue, followed by North America at 25%, China at 21%, and all other regions at 10%.
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