Days Inventory is also known as Days Sales of Inventory (DSI). Sonic Automotive's Average Total Inventories for the
three
months ended in Dec. 2023 was €1,395 Mil. Sonic Automotive's Cost of Goods Sold for the
three
months ended in Dec. 2023 was €2,791 Mil.
Hence, Sonic Automotive's Days Inventory for the
three
months ended in Dec. 2023 was 45.62.
The historical rank and industry rank for Sonic Automotive's Days Inventory or its related term are showing as below:
STU:SA8A'
s Days Inventory Range Over the Past 10 Years
Min: 38.71 Med: 61.36 Max: 69.69
Current: 42.98
During the past 13 years, Sonic Automotive's highest Days Inventory was 69.69. The lowest was 38.71. And the median was 61.36.
STU:SA8A's Days Inventory is ranked better than 81.88% of 1258
companies
in the Vehicles & Parts industry
Industry Median: 82.23
vs STU:SA8A: 42.98
Sonic Automotive's Days Inventory
increased
from Dec. 2022 (37.80) to Dec. 2023 (45.62).
It might indicate that Sonic Automotive's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Sonic Automotive's Inventory Turnover for the
three
months ended in Dec. 2023 was 2.00.
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.
Sonic Automotive's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.42.
Sonic Automotive Days Inventory Historical Data
The historical data trend for Sonic Automotive'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.
Sonic Automotive Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
61.51
63.63
42.13
37.47
42.60
Sonic Automotive Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
37.80
41.82
43.33
42.64
45.62
Competitive Comparison
For the Auto & Truck Dealerships subindustry, Sonic Automotive'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.
Sonic Automotive Days Inventory Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, Sonic Automotive's Days Inventory distribution charts can be found below:
* The bar in red indicates where Sonic Automotive's Days Inventory falls into.
Sonic Automotive Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Sonic Automotive's Days Inventory for the fiscal year that 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.
Sonic Automotive (STU:SA8A) 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.
Sonic Automotive'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.
Sonic Automotive'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.
Sonic Automotive Days Inventory Related Terms
Thank you for viewing the detailed overview of Sonic Automotive's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Sonic Automotive is one of the largest auto dealership groups in the United States. The company has 108 franchised stores in 18 states, primarily in metropolitan areas in California, Texas, and the Southeast, plus 18 EchoPark and 7 Northwest Motorsports used-vehicle stores, and 16 collision centers. The company derives revenue from new and used vehicles plus parts and collision repair, finance, insurance, and wholesale auctions. Luxury and import dealerships make up about 83% of franchise new-vehicle revenue, while Honda, BMW, Mercedes, and Toyota constitute about 56% of new-vehicle revenue. BMW is the largest brand at about 26%. 2022's revenue was $14 billion, with EchoPark's portion totaling $2.5 billion. Sonic bought RFJ Auto in December 2021, which added $3.2 billion in sales.
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