Phinia (Phinia) Inventory Turnover : 1.38 (As of Mar. 2024)

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What is Phinia 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. Phinia's Cost of Goods Sold for the three months ended in Mar. 2024 was $671 Mil. Phinia's Average Total Inventories for the quarter that ended in Mar. 2024 was $488 Mil. Phinia's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.38.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Phinia's Days Inventory for the three months ended in Mar. 2024 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. Phinia's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.57.

Phinia Inventory Turnover Historical Data

The historical data trend for Phinia'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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Phinia Inventory Turnover Chart

Phinia Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

6.12

6.00

5.87

Phinia Quarterly Data
	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial						1.39	1.38	1.37	1.37	1.38

Phinia Inventory Turnover Calculation

Phinia'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 )
=	2776	/ (	(459	+	487)	/	2 )
=	2776	/	473
=	5.87

Phinia's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	671	/ (	(487	+	489)	/	2 )
=	671	/	488
=	1.38

Phinia (NYSE:PHIN) 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.

Phinia's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	488	/	671	*	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.

Phinia's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	488	/	863
	=	0.57

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.

Phinia Inventory Turnover Related Terms

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Phinia (Phinia) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

3A6:Germany

Address

3000 University Drive, Auburn Hills, MI, USA, 48326

Website

Phinia Inc is a leader in the development, design and manufacture of integrated components and systems that optimize performance, increase efficiency and reduce emissions in combustion and hybrid propulsion for commercial vehicles and industrial applications and light vehicles. It is a global supplier to most major original equipment manufacturers (OEMs) and offers a wide range of original equipment service (OES) solutions and remanufactured products as well as an expanded range of products for the independent (non-OEM) aftermarket. Phinia has an extensive original equipment portfolio of advanced fuel injection systems, fuel delivery modules, canisters, starters, alternators, sensors, electronic control modules and associated software.

Executives

Neil Fryer	officer: VP and GM Global Aftermarket*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Samuel R. Chapin	director	940 WINTER STREET, C/O PERKINELMER, WALTHAM MA 02451
Brady D Ericson	officer: President and CEO*	3850 HAMLIN ROAD, AUBURN HILLS MI 48326
Latondra Newton	director	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Daun Norman	director	C/O GARRETT MOTION INC., LA PIECE 16, ROLLE V8 1180
Beasi Alisa Di	officer: VP and CHRO*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Christopher Gustanski	officer: VP, Operational Excellence*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Matthew Logar	officer: VP and CIO*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Michael Coetzee	officer: VP and GM Fuel Syst. Americas*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Samantha Pombier	officer: VP Controller and CAO*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
John Lipinski	officer: VP and GM Fuel Syst. Europe*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Sebastian Dori	officer: VP and CPO*	3000 UNIVERSITY DRIVE, AUBURN HILLS MI 48326
Todd L Anderson	officer: VP and Chief Tech. Officer*	5605 CARNEGIE BLVD. SUITE 500, CHARLOTTE NC 28209
Roger Wood	director	3850 HAMLIN RD., AUBURN HILLS MI 48326
Robin Kendrick	director	BORGWARNER INC., 3850 HAMLIN ROAD, AUBURN HILLS MI 48326