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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. Sonic Automotive's Average Total Inventories for the quarter that ended in Mar. 2024 was $1,639 Mil. Sonic Automotive's Revenue for the three months ended in Mar. 2024 was $3,384 Mil. Sonic Automotive's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.48.
Sonic Automotive's Inventory-to-Revenue for the quarter that ended in Mar. 2024 increased from Dec. 2023 (0.42) to Dec. 2023 (0.48)
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenueDays Inventory indicates the number of days of goods in sales that a company has in the inventory. Sonic Automotive's Days Inventory for the three months ended in Mar. 2024 was 52.53.
Inventory Turnover measures how fast the company turns over its inventory within a year. Sonic Automotive's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.74.
The historical data trend for Sonic Automotive's Inventory-to-Revenue 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.
Sonic Automotive Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Inventory-to-Revenue | Get a 7-Day Free Trial | 0.15 | 0.14 | 0.10 | 0.09 | 0.10 |
Sonic Automotive Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Inventory-to-Revenue | Get a 7-Day Free Trial | 0.38 | 0.40 | 0.40 | 0.42 | 0.48 |
For the Auto & Truck Dealerships subindustry, Sonic Automotive's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.
For the Vehicles & Parts industry and Consumer Cyclical sector, Sonic Automotive's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Sonic Automotive's Inventory-to-Revenue falls into.
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.
Sonic Automotive's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
Inventory-to-Revenue (A: Dec. 2023 ) | |||||||
= | Average Total Inventories | / | Revenue | ||||
= | ( (Total Inventories (A: Dec. 2022 ) | + | Total Inventories (A: Dec. 2023 )) | / | count ) | / | Revenue (A: Dec. 2023 ) |
= | ( (1216.8 | + | 1578.3) | / | 2 ) | / | 14372.4 |
= | 1397.55 | / | 14372.4 | ||||
= | 0.10 |
Sonic Automotive's Inventory-to-Revenue for the quarter that ended in Mar. 2024 is calculated as
Inventory-to-Revenue (Q: Mar. 2024 ) | |||||||
= | Average Total Inventories | / | Revenue | ||||
= | ( (Total Inventories (Q: Dec. 2023 ) | + | Total Inventories (Q: Mar. 2024 )) | / | count ) | / | Revenue (Q: Mar. 2024 ) |
= | ( (1578.3 | + | 1700.5) | / | 2 ) | / | 3384 |
= | 1639.4 | / | 3384 | ||||
= | 0.48 |
* 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.
Sonic Automotive (NYSE:SAH) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenueLikewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenueMore Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Sonic Automotive'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 |
= | 1639.4 | / | 2847.8 | * | 365 / 4 | |
= | 52.53 |
2. Inventory Turnover measures how fast the company turns over its inventory within a year.
Sonic Automotive's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Mar. 2024 ) | / | Average Total Inventories (Q: Mar. 2024 ) |
= | 2847.8 | / | 1639.4 | |
= | 1.74 |
* 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.
Thank you for viewing the detailed overview of Sonic Automotive's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Heath Byrd | officer: EVP and CFO | 4401 COLWICK ROAD, CHARLOTTE NC 28211 |
Jeff Dyke | officer: EVP of Operations | C/O SONIC AUTOMOTIVE, INC., 6415 IDLEWILD ROAD, SUITE 109, CHARLOTTE NC 28212 |
David Bruton Smith | director, officer: Executive Vice President | C/O SONIC AUTOMOTIVE, INC., 6415 IDLEWILD ROAD, SUITE 109, CHARLOTTE NC 28212 |
Paul P. Rusnak | 10 percent owner | 325 W. COLORADO BLVD.,, PO BOX 70489, PASADENA CA 91117-7489 |
Michael Edward Hodge | director | 4401 COLWICK ROAD, CHARLOTTE NC 28211 |
Keri A Kaiser | director | 14902 PRESTON ROAD, SUITE 404, #384, DALLAS TX 75254 |
Victor H Doolan | director | 35 VIA MONARCA, DANA POINT CA 92629 |
Marcus G Smith | 10 percent owner | 5555 CONCORD PARKWAY SOUTH, CONCORD NC 28027 |
Sonic Financial Corp | 10 percent owner | 5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212 |
O Bruton Smith | director, 10 percent owner, officer: Chairman and CEO | 5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212 |
R Eugene Taylor | director | BANK OF AMERICA CORP, 100 NORTH TRYON ST NC1-007-57-01, CHARLOTTE NC 28255 |
Bryan Scott Smith | director, officer: Vice Chairman and CSO | 5401 E INDEPENDENCE BLVD, CHARLOTTE NC 28212 |
Harris John W. Iii | director | 4725 PIEDMONT ROW DRIVE, SUITE 800, CHARLOTTE NC 28210 |
Byrd Bernard Clinton Jr | director | 4401 COLWICK ROAD, CHARLOTTE NC 28211 |
William I Belk | director | 6100 FAIRVIEW RD #640, CHARLOTTE NC 28210 |
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