2 Cheap Cars Group (NZSE:2CC) Days Inventory : 53.63 (As of Sep. 2023)

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What is 2 Cheap Cars Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). 2 Cheap Cars Group's Average Total Inventories for the six months ended in Sep. 2023 was NZ$9.28 Mil. 2 Cheap Cars Group's Cost of Goods Sold for the six months ended in Sep. 2023 was NZ$31.59 Mil. Hence, 2 Cheap Cars Group's Days Inventory for the six months ended in Sep. 2023 was 53.63.

The historical rank and industry rank for 2 Cheap Cars Group's Days Inventory or its related term are showing as below:

NZSE:2CC' s Days Inventory Range Over the Past 10 Years
Min: 56.95 Med: 83.98 Max: 87.93
Current: 56.95

During the past 3 years, 2 Cheap Cars Group's highest Days Inventory was 87.93. The lowest was 56.95. And the median was 83.98.

NZSE:2CC's Days Inventory is ranked better than
69.8% of 1255 companies
in the Vehicles & Parts industry
Industry Median: 81.83 vs NZSE:2CC: 56.95

2 Cheap Cars Group's Days Inventory declined from Sep. 2022 (71.53) to Sep. 2023 (53.63).

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. 2 Cheap Cars Group's Inventory Turnover for the six months ended in Sep. 2023 was 3.40.

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. 2 Cheap Cars Group's Inventory-to-Revenue for the six months ended in Sep. 2023 was 0.22.

2 Cheap Cars Group Days Inventory Historical Data

The historical data trend for 2 Cheap Cars 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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2 Cheap Cars Group Days Inventory Chart

2 Cheap Cars Group Annual Data

Trend

Mar21

Mar22

Mar23

Days Inventory

83.98

87.93

57.47

2 Cheap Cars Group Semi-Annual Data
	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Inventory	Get a 7-Day Free Trial			97.32	87.60	71.53	54.65	53.63

Competitive Comparison of 2 Cheap Cars Group's Days Inventory

For the Auto & Truck Dealerships subindustry, 2 Cheap Cars 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.

2 Cheap Cars Group's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, 2 Cheap Cars Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where 2 Cheap Cars Group's Days Inventory falls into.

2 Cheap Cars Group Days Inventory Calculation

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

2 Cheap Cars Group'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
=	( (13.008	+	8.377)	/	2 )	/	67.905	*	365
=	10.6925					/	67.905	*	365
=	57.47

2 Cheap Cars Group's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Mar. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (8.377	+	10.191)	/	2 )	/	31.593	*	365 / 2
=	9.284					/	31.593	*	365 / 2
=	53.63

2 Cheap Cars Group (NZSE:2CC) 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.

2 Cheap Cars Group's Inventory Turnover for the six months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	31.593	/	9.284
	=	3.40

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.

2 Cheap Cars Group's Inventory to Revenue for the six months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	9.284	/	41.903
	=	0.22

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.

2 Cheap Cars Group Days Inventory Related Terms

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2 Cheap Cars Group (NZSE:2CC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » 2 Cheap Cars Group Ltd (NZSE:2CC) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

102 Mays Road, Onehunga, Auckland, NTL, NZL, 1061

Website

https://www.2cheapcars.co.nz

2 Cheap Cars Group Ltd is an integrated automotive group operating throughout New Zealand via two divisions: Automotive Retail and Finance. The 2 Cheap Cars Group draws revenue from the two divisions: automotive retail division, revenue is primarily from the sale of vehicles and from agent commissions relating to third-party finance and insurance products. NZ Motor Finance (NZMF) generates finance income from lending to customers who are financing vehicles, and from selling guaranteed asset protection insurance (GAP) and payment protection insurance (PPI) products.

2 Cheap Cars Group (NZSE:2CC) Headlines

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