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Sonic Automotive's change in inventory for the quarter that ended in Dec. 2023 was $-145 Mil. It means Sonic Automotive's inventory increased by $145 Mil from Sep. 2023 to Dec. 2023 .
Sonic Automotive's change in inventory for the fiscal year that ended in Dec. 2023 was $-375 Mil. It means Sonic Automotive's inventory increased by $375 Mil from Dec. 2022 to Dec. 2023 .
Sonic Automotive's Total Inventories for the quarter that ended in Dec. 2023 was $1,578 Mil.
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 quarter that ended in Dec. 2023 was 45.15.
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 Dec. 2023 was 2.02.
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 quarter that ended in Dec. 2023 was 0.42.
The historical data trend for Sonic Automotive'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.
Sonic Automotive Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Change In Inventory | Get a 7-Day Free Trial | -78.50 | 278.10 | 252.40 | 81.40 | -375.20 |
Sonic Automotive 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 | -19.70 | -234.60 | -11.10 | 15.00 | -144.50 |
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 $-375 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.
Sonic Automotive (NYSE:SAH) Change In Inventory Explanation
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 quarter that ended in is calculated as:
Days Inventory | = | Average Total Inventories | / | Cost of Goods Sold | * | Days in Period |
= | 1506.1 | / | 3043.7 | * | 365 / 4 | |
= | 45.15 |
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 Dec. 2023 is calculated as
Inventory Turnover | = | Cost of Goods Sold | / | Average Total Inventories |
= | 3043.7 | / | 1506.1 | |
= | 2.02 |
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.
Sonic Automotive's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories | / | Revenue |
= | 1506.1 | / | 3584.8 | |
= | 0.42 |
* 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 Change In Inventory 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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