Magna International (Magna International) Days Sales Outstanding

: 71.39 (As of Dec. 2023)

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Magna International's average Accounts Receivable for the three months ended in Dec. 2023 was $8,179 Mil. Magna International's Revenue for the three months ended in Dec. 2023 was $10,454 Mil. Hence, Magna International's Days Sales Outstanding for the three months ended in Dec. 2023 was 71.39.

The historical rank and industry rank for Magna International's Days Sales Outstanding or its related term are showing as below:

MGA' s Days Sales Outstanding Range Over the Past 10 Years
Min: 53.87 Med: 60.14 Max: 69.81
Current: 67.74

During the past 13 years, Magna International's highest Days Sales Outstanding was 69.81. The lowest was 53.87. And the median was 60.14.

MGA's Days Sales Outstanding is ranked worse than
59.95% of 1271 companies
in the Vehicles & Parts industry
Industry Median: 60.71 vs MGA: 67.74

Magna International's Days Sales Outstanding increased from Dec. 2022 (66.15) to Dec. 2023 (71.39).

Magna International Days Sales Outstanding Historical Data

The historical data trend for Magna International's Days Sales Outstanding 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.

Magna International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

57.74

68.88

63.96

63.17

62.57

Magna International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding																66.15	63.05	68.61	72.71	71.39

Competitive Comparison

For the Auto Parts subindustry, Magna International's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Magna International Days Sales Outstanding Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Magna International's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Magna International's Days Sales Outstanding falls into.

Magna International Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Magna International's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (6791	+	7881)	/	2 )	/	42797	*	365
=	7336					/	42797	*	365
=	62.57

Magna International's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (8477	+	7881)	/	2 )	/	10454	*	365 / 4
=	8179					/	10454	*	365 / 4
=	71.39

Magna International (NYSE:MGA) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Magna International Days Sales Outstanding Related Terms

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Magna International (Magna International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Magna International Inc (NYSE:MGA) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

MGA N:Mexico MGA:Germany MGA:Germany MG:Canada

Address

337 Magna Drive, Aurora, ON, CAN, L4G 7K1

Website

https://www.magna.com

Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2022, roughly 50% of Magna's revenue came from North America while Europe accounted for approximately 38%.