GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Ferrari NV (MIL:RACE) » Definitions » Days Inventory
中文

Ferrari NV (MIL:RACE) Days Inventory : 108.01 (As of Dec. 2023)


View and export this data going back to 2016. Start your Free Trial

Ferrari NV Days Inventory Definition

Days Inventory is also known as Days Sales of Inventory (DSI). Ferrari NV's Average Total Inventories for the three months ended in Dec. 2023 was €923 Mil. Ferrari NV's Cost of Goods Sold for the three months ended in Dec. 2023 was €780 Mil. Hence, Ferrari NV's Days Inventory for the three months ended in Dec. 2023 was 108.01.

The historical rank and industry rank for Ferrari NV's Days Inventory or its related term are showing as below:

MIL:RACE' s Days Inventory Range Over the Past 10 Years
Min: 64.66   Med: 82.86   Max: 101.93
Current: 101.93

During the past 12 years, Ferrari NV's highest Days Inventory was 101.93. The lowest was 64.66. And the median was 82.86.

MIL:RACE's Days Inventory is ranked worse than
64.46% of 1255 companies
in the Vehicles & Parts industry
Industry Median: 81.77 vs MIL:RACE: 101.93

Ferrari NV's Days Inventory increased from Dec. 2022 (83.00) to Dec. 2023 (108.01). It might indicate that Ferrari NV's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Ferrari NV's Inventory Turnover for the three months ended in Dec. 2023 was 0.84.

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. Ferrari NV's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.61.


Ferrari NV Days Inventory Historical Data

The historical data trend for Ferrari NV'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.

* Premium members only.

Ferrari NV Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 82.00 95.31 87.82 83.72 98.88

Ferrari NV Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Days 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 83.00 92.29 104.43 105.24 108.01

Competitive Comparison

For the Auto Manufacturers subindustry, Ferrari NV'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.


Ferrari NV Days Inventory Distribution

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

* The bar in red indicates where Ferrari NV's Days Inventory falls into.



Ferrari NV Days Inventory Calculation

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

Ferrari NV's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (674.662 + 948.514) / 2 ) / 2995.877*365
=811.588 / 2995.877*365
=98.88

Ferrari NV'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
=( (897.569 + 948.514) / 2 ) / 779.78*365 / 4
=923.0415 / 779.78*365 / 4
=108.01

* 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.


Ferrari NV  (MIL:RACE) 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.

Ferrari NV'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.

Ferrari NV'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.


Ferrari NV Days Inventory Related Terms

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


Ferrari NV (MIL:RACE) Business Description

Address
Via Abetone Inferiore n. 4, Maranello, ITA, I-41053
Ferrari engineers and manufactures some of the world's most expensive exotic sports cars. The Ferrari brand is synonymous with Formula One racing, exclusivity, Italian design, and state-of-the-art technology. Ferrari also has a captive finance company that provides funding for dealers and clients. In 2022, Europe, Middle East, and Africa accounted for 48% of revenue, the Americas was 28%, China was 12%, and the rest of Asia was 12%.