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Cooper-Standard Holdings (Cooper-Standard Holdings) Days Inventory : 24.57 (As of Dec. 2023)


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What is Cooper-Standard Holdings Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cooper-Standard Holdings's Average Total Inventories for the three months ended in Dec. 2023 was $164 Mil. Cooper-Standard Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $609 Mil. Hence, Cooper-Standard Holdings's Days Inventory for the three months ended in Dec. 2023 was 24.57.

The historical rank and industry rank for Cooper-Standard Holdings's Days Inventory or its related term are showing as below:

CPS' s Days Inventory Range Over the Past 10 Years
Min: 19.24   Med: 21.6   Max: 24.56
Current: 24.03

During the past 13 years, Cooper-Standard Holdings's highest Days Inventory was 24.56. The lowest was 19.24. And the median was 21.60.

CPS's Days Inventory is ranked better than
94.26% of 1255 companies
in the Vehicles & Parts industry
Industry Median: 81.83 vs CPS: 24.03

Cooper-Standard Holdings's Days Inventory declined from Dec. 2022 (27.05) to Dec. 2023 (24.57).

Inventory Turnover measures how fast the company turns over its inventory within a year. Cooper-Standard Holdings's Inventory Turnover for the three months ended in Dec. 2023 was 3.71.

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. Cooper-Standard Holdings's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.24.


Cooper-Standard Holdings Days Inventory Historical Data

The historical data trend for Cooper-Standard Holdings'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.

Cooper-Standard Holdings Days Inventory Chart

Cooper-Standard Holdings 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 21.18 23.52 24.56 24.06 22.01

Cooper-Standard Holdings 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 27.05 23.52 24.40 25.66 24.57

Competitive Comparison of Cooper-Standard Holdings's Days Inventory

For the Auto Parts subindustry, Cooper-Standard Holdings'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.


Cooper-Standard Holdings's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cooper-Standard Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Cooper-Standard Holdings's Days Inventory falls into.



Cooper-Standard Holdings Days Inventory Calculation

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

Cooper-Standard Holdings'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
=( (157.756 + 146.846) / 2 ) / 2525.103*365
=152.301 / 2525.103*365
=22.01

Cooper-Standard Holdings'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
=( (181.05 + 146.846) / 2 ) / 608.943*365 / 4
=163.948 / 608.943*365 / 4
=24.57

* 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.


Cooper-Standard Holdings  (NYSE:CPS) 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.

Cooper-Standard Holdings'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.

Cooper-Standard Holdings'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.


Cooper-Standard Holdings Days Inventory Related Terms

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


Cooper-Standard Holdings (Cooper-Standard Holdings) Business Description

Traded in Other Exchanges
Address
40300 Traditions Drive, Northville, MI, USA, 48168
Cooper-Standard Holdings Inc is a supplier of rubber and resin products for the automotive industry. The company produces rubber and plastic sealings, fuel and brake lines, fluid transfer hoses, and anti-vibration systems used by original equipment manufacturers and replacement markets for passenger vehicles and light trucks. The largest customers include Ford, GM, FCA, Peugeot Citroen, and Volkswagen. Cooper Standard generates the majority of its revenue with its sealing systems products such as Fortrex, dynamic and static seals, stainless steel trims, flush glass systems, and variable extrusions.
Executives
Maryann Peterson Kanary officer: See remarks 40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Amy B. Kulikowski officer: VP, Chief Accounting Officer 40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Patrick Clark officer: See Remarks 40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Somasundhar Venkatasubramanian officer: See remarks 40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Jeffrey S Edwards officer: President and CEO 40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Larry Ott officer: VP Global HR 40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Van Oss Stephen A director
Christopher Couch officer: See Remarks 40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
Rebecca Mccabe officer: VP, Chief Accounting Officer 40300 TRADITIONS DRIVE, 40300, NORTHVILLE MI 48168
Christine M Moore director 411 WEST LAFAYETTE, DETROIT MI 48226
Justin E Mirro director 40300 TRADITIONS DRIVE, NORTHVILLE MI 48168
John G. Boss director 260 HUDSON RIVER ROAD, WATERFORD NY 12188
Jeffrey A. Debest officer: See Remarks 39550 ORCHARD HILL PLACE, NOVI MI 48375
Susan P. Kampe officer: See Remarks 39550 ORCHARD HILL PLACE, NOVI MI 48375
Peter C. Brusate officer: Corp. Controller and CAO 39550 ORCHARD HILL PLACE, NOVI MI 48375

Cooper-Standard Holdings (Cooper-Standard Holdings) Headlines