Penske Automotive Group (Penske Automotive Group) Days Inventory

: 59.94 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Penske Automotive Group's Average Total Inventories for the three months ended in Dec. 2023 was $3,997 Mil. Penske Automotive Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $6,084 Mil. Hence, Penske Automotive Group's Days Inventory for the three months ended in Dec. 2023 was 59.94.

The historical rank and industry rank for Penske Automotive Group's Days Inventory or its related term are showing as below:

PAG' s Days Inventory Range Over the Past 10 Years
Min: 52.73 Med: 71.58 Max: 81.27
Current: 56.44

During the past 13 years, Penske Automotive Group's highest Days Inventory was 81.27. The lowest was 52.73. And the median was 71.58.

PAG's Days Inventory is ranked better than
70.75% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 82.23 vs PAG: 56.44

Penske Automotive Group's Days Inventory increased from Dec. 2022 (52.10) to Dec. 2023 (59.94). It might indicate that Penske Automotive Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Penske Automotive Group's Inventory Turnover for the three months ended in Dec. 2023 was 1.52.

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. Penske Automotive Group's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.55.

Penske Automotive Group Days Inventory Historical Data

The historical data trend for Penske Automotive Group'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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Penske Automotive Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

76.81

81.27

56.66

52.73

57.90

Penske Automotive Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																52.10	53.52	55.32	55.55	59.94

Competitive Comparison

For the Auto & Truck Dealerships subindustry, Penske Automotive Group'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.

Penske Automotive Group Days Inventory Distribution

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

* The bar in red indicates where Penske Automotive Group's Days Inventory falls into.

Penske Automotive Group Days Inventory Calculation

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

Penske Automotive Group'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
=	( (3509.1	+	4293.1)	/	2 )	/	24593.6	*	365
=	3901.1					/	24593.6	*	365
=	57.90

Penske Automotive Group'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
=	( (3700.2	+	4293.1)	/	2 )	/	6084	*	365 / 4
=	3996.65					/	6084	*	365 / 4
=	59.94

Penske Automotive Group (NYSE:PAG) 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.

Penske Automotive Group's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6084	/	3996.65
	=	1.52

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.

Penske Automotive Group's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3996.65	/	7272.1
	=	0.55

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.

Penske Automotive Group Days Inventory Related Terms

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

Penske Automotive Group (Penske Automotive Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Penske Automotive Group Inc (NYSE:PAG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

UA9:Germany

Address

2555 Telegraph Road, Bloomfield Hills, MI, USA, 48302-0954

Website

https://www.penskeautomotive.com

Penske Automotive Group operates in about 20 U.S. states and overseas. It has about 150 U.S. light-vehicle stores including in Puerto Rico as well as 189 franchised dealerships overseas, primarily in the United Kingdom. The company is the second-largest U.S.-based dealership in terms of light-vehicle revenue and sells more than 35 brands, with over 90% of retail automotive revenue coming from luxury and import names. Other services, in addition to new and used vehicles, are parts and repair and finance and insurance. The firm's Premier Truck Group owns 44 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns 20 CarShop used-vehicle stores in the U.S. and U.K. The company is based in Michigan and was called United Auto Group before changing its name in 2007.

Executives

Sandra E. Pierce	director	2555 TELEGRAPH RD., BLOOMFIELD HILLS MI 48302
Kurnick Robert H Jr	director, officer: President	2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI 48302-0954
John Barr	director	2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI 48302-0954
Michelle Hulgrave	officer: EVP & CFO	2555 TELEGRAPH RD., BLOOMFIELD HILLS MI 48302
Shane M. Spradlin	officer: EVP, Gen. Counsel & Sec.	2555 TELEGRAPH RD., BLOOMFIELD HILLS MI 48302
Kimberly J Mcwaters	director	20410 NORTH 19TH AVENUE, PHOENIX AZ 85027
Lisa Ann Davis	director	2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302
Greg C Smith	director	FORD MOTOR COMPANY, 21175 OAKWOOD BLVD, DEARBORN MI 48124
Denker Claude H Iii	officer: EVP - Human Resources	2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302
Roger S Penske	director, 10 percent owner, officer: Chair & CEO	2555 TELEGRAPH ROAD, BLOOMFIELD HILLS MI 48302-0954
H Brian Thompson	director	1950 OLD GALLOWS ROAD SUITE 201, VIENNA VA 22182
Ronald G Steinhart	director	3890 WEST NORTHWEST HIGHWAY SUITE 400, DALLAS TX 75220
Michael R Eisenson	director	C/O CHARLESBANK CAPITAL PARTNERS, 600 ATLANTIC AV 28TH FL, BOSTON MA 02210
Gregory W Penske	director	3534 NORTH PECK ROAD, EL MONTE CA 91731
Wolfgang Duerheimer	director	2555 TELEGRAPH RD, BLOOMFIELD HILLS MI 48302