Continental AG (Continental AG) Days Inventory : 72.06 (As of Dec. 2023)

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What is Continental AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Continental AG's Average Total Inventories for the three months ended in Dec. 2023 was $7,094 Mil. Continental AG's Cost of Goods Sold for the three months ended in Dec. 2023 was $8,983 Mil. Hence, Continental AG's Days Inventory for the three months ended in Dec. 2023 was 72.06.

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

CTTAY' s Days Inventory Range Over the Past 10 Years
Min: 39.87 Med: 48.51 Max: 76.43
Current: 76.43

During the past 13 years, Continental AG's highest Days Inventory was 76.43. The lowest was 39.87. And the median was 48.51.

CTTAY's Days Inventory is ranked better than
53.63% of 1255 companies
in the Vehicles & Parts industry
Industry Median: 81.83 vs CTTAY: 76.43

Continental AG's Days Inventory declined from Dec. 2022 (72.61) to Dec. 2023 (72.06).

Inventory Turnover measures how fast the company turns over its inventory within a year. Continental AG's Inventory Turnover for the three months ended in Dec. 2023 was 1.27.

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. Continental AG's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.62.

Continental AG Days Inventory Historical Data

The historical data trend for Continental AG'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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Continental AG Days Inventory Chart

Continental AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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50.20

63.85

67.02

69.13

71.70

Continental AG 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															72.61	78.64	78.78	78.87	72.06

Competitive Comparison of Continental AG's Days Inventory

For the Auto Parts subindustry, Continental AG'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.

Continental AG's Days Inventory Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Continental AG's Days Inventory falls into.

Continental AG Days Inventory Calculation

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

Continental AG'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
=	( (7128.708	+	6844.602)	/	2 )	/	35564.341	*	365
=	6986.655					/	35564.341	*	365
=	71.70

Continental AG'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
=	( (7343.863	+	6844.602)	/	2 )	/	8983.097	*	365 / 4
=	7094.2325					/	8983.097	*	365 / 4
=	72.06

Continental AG (OTCPK:CTTAY) 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.

Continental AG's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	8983.097	/	7094.2325
	=	1.27

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.

Continental AG's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7094.2325	/	11394.002
	=	0.62

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.

Continental AG Days Inventory Related Terms

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

Continental AG (Continental AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Continental AG (OTCPK:CTTAY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CTTAF:USA CTT:Romania CON:Italy CONd:UK 0LQ1:UK CON:Germany

Address

Vahrenwalder Strasse 9, Hanover, NI, DEU, 30165

Website

https://www.continental.com

Continental is a global auto supplier and tiremaker. Operating segments include the automotive group (electrical architecture and networking, autonomous mobility, safety and motion, smart mobility, and user experience), tires, and ContiTech which uses rubber in industrial and automotive components and systems. Last year, automotive group revenue was around 48% of the total, tire was 35%, ContiTech was 16%, and contract manufacturing for Vitesco was 1%. Top five customers include Ford, Mercedes-Benz, the Renault-Nissan-Mitsubishi alliance, Stellantis, and Volkswagen, representing about 32% of total revenue. Europe, at 47% of total revenue, is the companies largest market, followed by North America at 27%, Asia (mostly China) at 22%, and 4% in other regions.