Group 1 Automotive's change in inventory for the quarter that ended in Mar. 2024 was $-75 Mil. It means Group 1 Automotive's inventory
increased by $75 Mil
from Dec. 2023 to Mar. 2024 .
Group 1 Automotive's change in inventory for the fiscal year that ended in Dec. 2023 was $-568 Mil. It means Group 1 Automotive's inventory
increased by $568 Mil
from Dec. 2022 to Dec. 2023 .
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Group 1 Automotive's Days Inventory for the quarter that ended in Mar. 2024 was 49.75.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Group 1 Automotive's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.83.
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.
Group 1 Automotive's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.45.
Group 1 Automotive Change In Inventory Historical Data
The historical data trend for Group 1 Automotive'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.
Group 1 Automotive 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-470 Mil.
* 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.
Group 1 Automotive (NYSE:GPI) Change In Inventory Explanation
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Group 1 Automotive's Days Inventory for the quarter that ended in is calculated as:
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.
Group 1 Automotive's Inventory to Revenue for the quarter that ended in Mar. 2024 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.
Group 1 Automotive Change In Inventory Related Terms
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Group 1 Automotive (Group 1 Automotive) Business Description
Group 1 owns and operates 41 collision centers and 201 automotive dealerships in the U.S. and the U.K., offering 35 brands of automobiles altogether. About 150 of the stores are in the U.S. with locations mostly in metropolitan areas in 17 states in the Northeast, Southeast, Midwest, and California. Texas alone contributed 37% of new-vehicle unit volume in 2022 and the U.K. about 19%. Texas, Oklahoma, and Massachusetts combined were about 53%. Revenue in 2022 totaled $16.2 billion. The company was founded in 1995 and is based in Houston.
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