Honda Motor Co (Honda Motor Co) Days Inventory

: 50.15 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Honda Motor Co's Average Total Inventories for the three months ended in Dec. 2023 was $16,093 Mil. Honda Motor Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $29,281 Mil. Hence, Honda Motor Co's Days Inventory for the three months ended in Dec. 2023 was 50.15.

The historical rank and industry rank for Honda Motor Co's Days Inventory or its related term are showing as below:

HMC' s Days Inventory Range Over the Past 10 Years
Min: 43.91 Med: 48.5 Max: 54.92
Current: 53.84

During the past 13 years, Honda Motor Co's highest Days Inventory was 54.92. The lowest was 43.91. And the median was 48.50.

HMC's Days Inventory is ranked better than
73.29% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 82.23 vs HMC: 53.84

Honda Motor Co's Days Inventory declined from Dec. 2022 (54.71) to Dec. 2023 (50.15).

Inventory Turnover measures how fast the company turns over its inventory within a year. Honda Motor Co's Inventory Turnover for the three months ended in Dec. 2023 was 1.82.

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. Honda Motor Co's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.43.

Honda Motor Co Days Inventory Historical Data

The historical data trend for Honda Motor 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.

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Honda Motor Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

46.18

47.70

54.56

56.87

58.20

Honda Motor Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																54.71	55.04	57.58	55.62	50.15

Competitive Comparison

For the Auto Manufacturers subindustry, Honda Motor 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.

Honda Motor Co Days Inventory Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Honda Motor Co's Days Inventory distribution charts can be found below:

* The bar in red indicates where Honda Motor Co's Days Inventory falls into.

Honda Motor Co Days Inventory Calculation

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

Honda Motor Co's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (16179.71	+	16213.634)	/	2 )	/	101568.878	*	365
=	16196.672					/	101568.878	*	365
=	58.20

Honda Motor Co's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (15935.331	+	16249.671)	/	2 )	/	29281.352	*	365 / 4
=	16092.501					/	29281.352	*	365 / 4
=	50.15

Honda Motor Co (NYSE:HMC) 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.

Honda Motor Co's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	29281.352	/	16092.501
	=	1.82

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.

Honda Motor Co's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	16092.501	/	37436.059
	=	0.43

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.

Honda Motor Co Days Inventory Related Terms

Thank you for viewing the detailed overview of Honda Motor Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Honda Motor Co (Honda Motor Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Honda Motor Co Ltd (NYSE:HMC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

HNDAF:USA HMC:Mexico 7267:Japan HDM:Germany HOND34:Brazil HMC:Argentina

Address

Number 1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo, JPN, 107-8556

Website

https://global.honda

Incorporated in 1948, Honda Motor was originally a motorcycle manufacturer. Today, the firm makes automobiles, motorcycles, and power products such as boat engines, generators, and lawnmowers. Including joint ventures, Honda sold 22.4 million cars and motorcycles in fiscal 2023 (3.7 million of which were autos), and consolidated sales were JPY 16.9 trillion. Automobiles constitute 63% of revenue and motorcycles 17%, with the rest split between power products and financial services. Honda also makes robots and private jets.