Fiat Industrial SpA (MIL:FI) Days Inventory : 96.10 (As of Jun. 2013)

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What is Fiat Industrial SpA Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Fiat Industrial SpA's Average Total Inventories for the three months ended in Jun. 2013 was €5,741 Mil. Fiat Industrial SpA's Cost of Goods Sold for the three months ended in Jun. 2013 was €5,451 Mil. Hence, Fiat Industrial SpA's Days Inventory for the three months ended in Jun. 2013 was 96.10.

The historical rank and industry rank for Fiat Industrial SpA's Days Inventory or its related term are showing as below:

MIL:FI's Days Inventory is not ranked ^*
in the Farm & Heavy Construction Machinery industry.
Industry Median: 132.51
* Ranked among companies with meaningful Days Inventory only.

Fiat Industrial SpA's Days Inventory declined from Jun. 2012 (96.26) to Jun. 2013 (96.10).

Inventory Turnover measures how fast the company turns over its inventory within a year. Fiat Industrial SpA's Inventory Turnover for the three months ended in Jun. 2013 was 0.95.

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. Fiat Industrial SpA's Inventory-to-Revenue for the three months ended in Jun. 2013 was 0.84.

Fiat Industrial SpA Days Inventory Historical Data

The historical data trend for Fiat Industrial SpA'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.

* Premium members only.

Fiat Industrial SpA Days Inventory Chart

Fiat Industrial SpA Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Days Inventory

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78.79

84.77

78.37

84.77

84.67

Fiat Industrial SpA Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13
Days Inventory	Get a 7-Day Free Trial										96.26	100.70	81.82	102.07	96.10

Competitive Comparison of Fiat Industrial SpA's Days Inventory

For the Farm & Heavy Construction Machinery subindustry, Fiat Industrial SpA'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.

Fiat Industrial SpA's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Fiat Industrial SpA's Days Inventory distribution charts can be found below:

* The bar in red indicates where Fiat Industrial SpA's Days Inventory falls into.

Fiat Industrial SpA Days Inventory Calculation

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

Fiat Industrial SpA's Days Inventory for the fiscal year that ended in Dec. 2012 is calculated as

	Days Inventory (A: Dec. 2012 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2011 )	+	Total Inventories (A: Dec. 2012 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2012 )	*	Days in Period
=	( (4865	+	4843)	/	2 )	/	20925	*	365
=	4854					/	20925	*	365
=	84.67

Fiat Industrial SpA's Days Inventory for the quarter that ended in Jun. 2013 is calculated as:

	Days Inventory (Q: Jun. 2013 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2013 )	+	Total Inventories (Q: Jun. 2013 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2013 )	*	Days in Period
=	( (5660	+	5821)	/	2 )	/	5451	*	365 / 4
=	5740.5					/	5451	*	365 / 4
=	96.10

Fiat Industrial SpA (MIL:FI) 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.

Fiat Industrial SpA's Inventory Turnover for the three months ended in Jun. 2013 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5451	/	5740.5
	=	0.95

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.

Fiat Industrial SpA's Inventory to Revenue for the three months ended in Jun. 2013 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	5740.5	/	6825
	=	0.84

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.

Fiat Industrial SpA Days Inventory Related Terms

Thank you for viewing the detailed overview of Fiat Industrial SpA's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Fiat Industrial SpA (MIL:FI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Fiat Industrial SpA (MIL:FI) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Website

http://www.fiatindustrial.com

Fiat Industrial SpA operates in the capital goods sector. Each of the Group's businesses is a major international player in its respective industry sector: Iveco, CNH-Case New Holland and FPT Industrial. These three sectors design, produce and sell trucks, commercial vehicles, buses, special vehicles (Iveco), tractors, and agricultural and construction equipment (CNH), in addition to engines and transmissions for those vehicles and engines for marine applications (FPT Industrial). Agricultural equipment is sold under the New Holland Agriculture and Case IH and, in the premium segment in Europe, Steyr brands. Construction equipment is sold under the New Holland Construction and Case Construction brands, as well as the Kobelco brand in North America. Iveco designs, manufactures and sells a wide range of light (2.8-6 tons GVW), medium (6-16 tons GVW) and heavy (above 16 tons GVW) commercial vehicles for on-road and off-road use. In addition to its main product offer, the Company also offers after-sales and financing services, in addition to services related to used-vehicles. FPT Industrial is specialized in the design, production and sale of propulsion and transmission systems for on- and off-road trucks and commercial vehicles, as well as engines for marine application and power generation.