Metaldyne Performance Group (Metaldyne Performance Group) Days Inventory : 28.36 (As of Dec. 2016)

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What is Metaldyne Performance Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Metaldyne Performance Group's Average Total Inventories for the three months ended in Dec. 2016 was $171 Mil. Metaldyne Performance Group's Cost of Goods Sold for the three months ended in Dec. 2016 was $551 Mil. Hence, Metaldyne Performance Group's Days Inventory for the three months ended in Dec. 2016 was 28.36.

The historical rank and industry rank for Metaldyne Performance Group's Days Inventory or its related term are showing as below:

MPG's Days Inventory is not ranked ^*
in the Vehicles & Parts industry.
Industry Median: 81.295
* Ranked among companies with meaningful Days Inventory only.

Metaldyne Performance Group's Days Inventory increased from Dec. 2015 (27.90) to Dec. 2016 (28.36). It might indicate that Metaldyne Performance Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Metaldyne Performance Group's Inventory Turnover for the three months ended in Dec. 2016 was 3.22.

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. Metaldyne Performance Group's Inventory-to-Revenue for the three months ended in Dec. 2016 was 0.26.

Metaldyne Performance Group Days Inventory Historical Data

The historical data trend for Metaldyne Performance Group'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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Metaldyne Performance Group Days Inventory Chart

Metaldyne Performance Group Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Days Inventory

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73.28

32.80

28.61

28.24

27.93

Metaldyne Performance Group Quarterly Data
	Dec11	Dec12	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16
Days Inventory	Get a 7-Day Free Trial												27.90	28.17	27.86	28.31	28.36

Competitive Comparison of Metaldyne Performance Group's Days Inventory

For the Auto Parts subindustry, Metaldyne Performance Group'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.

Metaldyne Performance Group's Days Inventory Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Metaldyne Performance Group's Days Inventory falls into.

Metaldyne Performance Group Days Inventory Calculation

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

Metaldyne Performance Group's Days Inventory for the fiscal year that ended in Dec. 2016 is calculated as

	Days Inventory (A: Dec. 2016 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2015 )	+	Total Inventories (A: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2016 )	*	Days in Period
=	( (186.848	+	168.4)	/	2 )	/	2321.5	*	365
=	177.624					/	2321.5	*	365
=	27.93

Metaldyne Performance Group's Days Inventory for the quarter that ended in Dec. 2016 is calculated as:

	Days Inventory (Q: Dec. 2016 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2016 )	+	Total Inventories (Q: Dec. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2016 )	*	Days in Period
=	( (173.8	+	168.4)	/	2 )	/	550.6	*	365 / 4
=	171.1					/	550.6	*	365 / 4
=	28.36

Metaldyne Performance Group (NYSE:MPG) 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.

Metaldyne Performance Group's Inventory Turnover for the three months ended in Dec. 2016 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	550.6	/	171.1
	=	3.22

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.

Metaldyne Performance Group's Inventory to Revenue for the three months ended in Dec. 2016 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	171.1	/	646.6
	=	0.26

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.

Metaldyne Performance Group Days Inventory Related Terms

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

Metaldyne Performance Group (Metaldyne Performance Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Metaldyne Performance Group Inc (NYSE:MPG) » Definitions » Days Inventory

Traded in Other Exchanges

N/A

Address

Website

http://www.mpgdriven.com

Metaldyne Performance Group is a manufacturer of metal formed components for powertrain, driveline, and safety-critical applications. The group has been formed by the merger of Grede, Metaldyne, and HHI Holdings. Metaldyne Performance produces powder metal connecting rods, dampers, balance-shaft systems, valve bodies, end cover assemblies, clutch modules, differential gears, ball-joint housings, wheel-spindle assemblies, and calliper anchor brackets. Its products are used for enhancing vehicle performance, fuel economy, and safety in the automotive, commercial, and industrial markets. The largest end market is the United States of America.

Executives

William C Jackson	director	5757 N. GREEN BAY AVENUE, MILWAUKEE WI 53209
Douglas J. Grimm	officer: See Remarks	C/O METALDYNE PERFORMANCE GROUP INC., 47659 HALYARD DRIVE, PLYMOUTH MI 48170
American Securities Llc	10 percent owner	590 MADISON AVENUE, 38TH FLOOR, NEW YORK NY 10022
Kevin S. Penn	director	C/O AMERICAN SECURITIES LLC, 299 PARK AVENUE, 34TH FLOOR, NEW YORK NY 10171
Jeffrey Stafeil	director	1707 PADDINGTON CIRCLE, KESWICK VA 22947
George Thanopoulos	director, officer: Chief Executive Officer	240 JOYCE CT, BLOOMFIELD HILLS MI 48304
American Securities Partners Vi, L.p.	10 percent owner	299 PARK AVENUE, 34TH FLOOR, NEW YORK NY 10171
American Securities Partners Vi(b), L.p.	10 percent owner	299 PARK AVENUE, 34TH FLOOR, NEW YORK NY 10171
American Securities Partners Vi(c), L.p.	10 percent owner	299 PARK AVENUE, 34TH FLOOR, NEW YORK NY 10171
American Securities Partners Vi(d), L.p.	10 percent owner	299 PARK AVENUE, 34TH FLOOR, NEW YORK NY 10171
Loren S. Easton	director	C/O AMERICAN SECURITIES LLC, 299 PARK AVENUE, 34TH FLOOR, NEW YORK NY 10171
Asp Md Investco Lp	10 percent owner	C/O AMERICAN SECURITIES LLC, 299 PARK AVENUE, 34TH FLOOR, NEW YORK NY 10171
American Securities Associates Vi, Llc	10 percent owner	C/O AMERICAN SECURITIES LLC, 299 PARK AVENUE, 34TH FLOOR, NEW YORK NY 10171
Dono Thomas Michael Jr	officer: See Remarks	882 SIMPSON STREET, PLYMOUTH MI 48170
Nick Bhambri	director	EVOQUA WATER TECHNOLOGIES CORP., 210 SIXTH AVENUE, PITTSBURGH PA 15222