Days Inventory is also known as Days Sales of Inventory (DSI). Carvana Co's Average Total Inventories for the
three
months ended in Dec. 2023 was $1,118 Mil. Carvana Co's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $2,022 Mil.
Hence, Carvana Co's Days Inventory for the
three
months ended in Dec. 2023 was 50.43.
The historical rank and industry rank for Carvana Co's Days Inventory or its related term are showing as below:
CVNA'
s Days Inventory Range Over the Past 10 Years
Min: 55.66 Med: 70.17 Max: 192.44
Current: 55.66
During the past 10 years, Carvana Co's highest Days Inventory was 192.44. The lowest was 55.66. And the median was 70.17.
CVNA's Days Inventory is ranked better than 71.08% of 1255
companies
in the Vehicles & Parts industry
Industry Median: 81.83
vs CVNA: 55.66
Carvana Co's Days Inventory
declined
from Dec. 2022 (76.84) to Dec. 2023 (50.43).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Carvana Co's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.81.
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.
Carvana Co's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.46.
Carvana Co Days Inventory Historical Data
The historical data trend for Carvana Co'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.
Competitive Comparison of Carvana Co's Days Inventory
For the Auto & Truck Dealerships subindustry, Carvana Co'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.
Carvana Co's Days Inventory Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Carvana Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Carvana Co's Days Inventory falls into.
Carvana Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Carvana Co's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Carvana Co (NYSE:CVNA) 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.
Carvana Co's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Carvana Co's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
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.
Carvana Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Carvana Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Carvana Co is an e-commerce platform for buying and selling used cars. The company derives revenue from used vehicle sales, wholesale vehicle sales and other sales and revenues. The other sales and revenues include sales of loans originated and sold in securitization transactions or to financing partners, commissions received on VSCs and sales of GAP waiver coverage. The foundation of the business is retail vehicle unit sales. This drives the majority of the revenue and allows the company to capture additional revenue streams associated with financing, VSCs, auto insurance and GAP waiver coverage, as well as trade-in vehicles.
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