Continental AG (Continental AG) Change In Inventory : $416 Mil (TTM As of Dec. 2023)

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What is Continental AG Change In Inventory?

Continental AG's change in inventory for the quarter that ended in Dec. 2023 was $567 Mil. It means Continental AG's inventory declined by $567 Mil from Sep. 2023 to Dec. 2023 .

Continental AG's change in inventory for the fiscal year that ended in Dec. 2023 was $412 Mil. It means Continental AG's inventory declined by $412 Mil from Dec. 2022 to Dec. 2023 .

Continental AG's Total Inventories for the quarter that ended in Dec. 2023 was $6,845 Mil.

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 quarter that ended in Dec. 2023 was 72.06.

Inventory Turnover measures how fast the company turns over its inventory within a year. Continental AG's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2023 was 0.62.

Continental AG Change In Inventory Historical Data

The historical data trend for Continental AG's Change In 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 Change In Inventory Chart

Continental AG Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-54.56

250.12

-1,601.92

-1,742.48

412.11

Continental AG Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-6.14	-500.21	135.97	212.81	567.29

Continental AG Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $416 Mil.

Continental AG (OTCPK:CTTAF) Change In Inventory Explanation

1. 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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	7094.2325	/	8983.097	*	365 / 4
	=	72.06

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

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

3. 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 quarter that ended in Dec. 2023 is calculated as

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

Continental AG Change In Inventory Related Terms

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Continental AG (Continental AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Continental AG (OTCPK:CTTAF) » Definitions » Change In Inventory

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Traded in Other Exchanges

CTTAY: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.