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Commercial Vehicle Group (Commercial Vehicle Group) Change In Inventory : $15.0 Mil (TTM As of Dec. 2023)


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What is Commercial Vehicle Group Change In Inventory?

Commercial Vehicle Group's change in inventory for the quarter that ended in Dec. 2023 was $1.5 Mil. It means Commercial Vehicle Group's inventory declined by $1.5 Mil from Sep. 2023 to Dec. 2023 .

Commercial Vehicle Group's change in inventory for the fiscal year that ended in Dec. 2023 was $15.0 Mil. It means Commercial Vehicle Group's inventory declined by $15.0 Mil from Dec. 2022 to Dec. 2023 .

Commercial Vehicle Group's Total Inventories for the quarter that ended in Dec. 2023 was $128.1 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Commercial Vehicle Group's Days Inventory for the quarter that ended in Dec. 2023 was 59.38.

Inventory Turnover measures how fast the company turns over its inventory within a year. Commercial Vehicle Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.54.

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. Commercial Vehicle Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.57.

Commercial Vehicle Group Change In Inventory Historical Data

The historical data trend for Commercial Vehicle Group's Change In 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.

Commercial Vehicle Group Change In Inventory Chart

Commercial Vehicle Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.50 -6.83 -50.28 -3.68 15.00

Commercial Vehicle Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.74 3.59 7.81 2.10 1.49

Commercial Vehicle Group Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $15.0 Mil.

* 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.

Commercial Vehicle Group  (NAS:CVGI) Change In Inventory Explanation

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

Commercial Vehicle Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=128.137/196.9*365 / 4
=59.38

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Commercial Vehicle Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=196.9 / 128.137
=1.54

3. 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.

Commercial Vehicle Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=128.137 / 223.089
=0.57

* 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.

Commercial Vehicle Group Change In Inventory Related Terms

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Commercial Vehicle Group (Commercial Vehicle Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Commercial Vehicle Group Inc (NAS:CVGI) » Definitions » Change In Inventory
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INVZ KNDI HYZN MPAA CPS HYLN CAAS STRT CYD SUP TSE:7315 TSE:6902 TSE:5108 XPAR:ML MBLY APTV XKRX:012330 TSX:MG SHSE:600660 XTER:CON
Traded in Other Exchanges
FDU:Germany
Address
7800 Walton Parkway, New Albany, OH, USA, 43054
Website
https://www.cvgrp.com
Commercial Vehicle Group Inc is a supplier of cab-related products and systems. Its operating segments are Vehicle Solutions, Industrial Automation, Electrical Systems, and Aftermarket and Accessories. Vehicle Solutions segment designs manufacture and sell Commercial vehicle seats and Plastic components. Warehouse Automation segment designs, manufactures, and sells Warehouse automation subsystems including control panels, electro-mechanical assemblies, cable assemblies, and power and communication solutions. Electrical Systems segment designs, manufactures and sells cable and harness assemblies for both high and low voltage applications, control boxes, dashboard assemblies, and design and engineering for these applications.
Executives
Melanie K. Cook director 4545 W. BROWN DEER ROAD, P.O. BOX 245036, MILWAUKEE WI 53224
Roger L Fix director
Chung Kin Cheung officer: EVP & CFO COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Aneezal H Mohamed officer: General Counsel, Cmp Ofc & Sec COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Richard Iii Tajer officer: SVP & Chief Commercial Officer COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Kristin S Mathers officer: Chief HR Officer COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Christopher H Bohnert officer: CFO & Chief Accounting Officer 2780 WATERFRONT PARKWAY EAST DRIVE, SUITE 200, INDIANAPOLIS IN 46214
Harold C Bevis director 8537 SIX FORKS RD., SUITE 300, RALEIGH NC 27615
J Michael Nauman director C/O MOLEX INCORPORATED, 2222 WELLINGTON COURT, LISLE IL 60532
Ruth Gratzke director COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Angela M O'leary other: VP, Controller & Ch Acct Offcr COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Edmund S Carney officer: Interim CFO COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Ray James R Jr director COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Bowen Douglas F Jr. officer: SVP & Managing Director COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Janice E Stipp director 1281 COVINGTON ROAD, BLOOMFIELD HILLS MI 48301