Michelin (MEX:ML) Change In Inventory: MXN5,171 Mil (TTM As of Dec. 2025)


MEX:ML Michelin MEX:ML
84 GF Score
Price MXN733.29
GF Value MXN635.00
! 6 Warning Signs
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What is Michelin Change In Inventory?

Michelin MEX:ML 84 Change In Inventory is MXN5,171 Mil as of Dec. 2025. GuruFocus rates MEX:ML with a GF Score™ of 84/100 and a GF Value™ of MXN635.00. The stock has 6 warning signs investors should review.

Michelin's change in inventory for the quarter that ended in Dec. 2025 was MXN10,774 Mil. It means Michelin's inventory declined by MXN10,774 Mil from Jun. 2025 to Dec. 2025 .

Michelin's change in inventory for the fiscal year that ended in Dec. 2025 was MXN5,334 Mil. It means Michelin's inventory declined by MXN5,334 Mil from Dec. 2024 to Dec. 2025 .

Michelin's Total Inventories for the quarter that ended in Dec. 2025 was MXN107,381 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Michelin's Days Inventory for the quarter that ended in Dec. 2025 was 103.21.

Inventory Turnover measures how fast the company turns over its inventory within a year. Michelin's Inventory Turnover for the quarter that ended in Dec. 2025 was 1.77.

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. Michelin's Inventory-to-Revenue for the quarter that ended in Dec. 2025 was 0.42.


Michelin  (MEX:ML) Change In Inventory Explanation

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

Michelin's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=114640.875/202722.255*365 / 2
=103.21

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

Michelin's Inventory Turnover for the quarter that ended in Dec. 2025 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.

Michelin's Inventory to Revenue for the quarter that ended in Dec. 2025 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=114640.875 / 273332.43
=0.42

* 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.


Michelin Change In Inventory Related Terms


Michelin Change In Inventory Historical Data

* Premium members only.

The historical data trend for Michelin'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.

Michelin Change In Inventory Chart

Michelin Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -25,636.71 -21,788.43 14,345.74 -3,603.34 5,334.24

Michelin Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Change In Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11,291.48 -7,099.29 4,258.49 -5,603.15 10,773.90
MEX:ML
84GF Score
Michelin MEX:ML
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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Michelin 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. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was MXN5,171 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of MXN5,171 Mil mean?
Michelin (MEX:ML) has a Change In Inventory of MXN5,171 Mil as of Dec. 2025. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Michelin and its competitors.
Is Michelin's Change In Inventory too high?
Michelin's current Change In Inventory is MXN5,171 Mil. Overall, Michelin has a GF Score™ of 84/100, reflecting its overall financial health beyond just this single metric.
How does Michelin's Change In Inventory compare to ORLY and AZO?
Michelin's Change In Inventory of MXN5,171 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Vehicles & Parts company?
A good Change In Inventory depends on the Vehicles & Parts industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Michelin and its competitors. Michelin's current Change In Inventory is MXN5,171 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Michelin stock overvalued right now?
Michelin (MEX:ML) has a current Change In Inventory of MXN5,171 Mil. The stock's GF Value™ is MXN635.00, compared to a current price of MXN733.29 — trading 15.5% above its estimated fair value. The current Change In Inventory is MXN5,171 Mil. Michelin's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Michelin (MEX:ML), the current Change In Inventory is MXN5,171 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Michelin (MEX:ML) Overvalued in 2026?

Based on GuruFocus' analysis, Michelin stock appears to be overvalued. The current stock price of MXN733.29 is trading 15.5% above its estimated GF Value™ of MXN635.00.

Key valuation signals for MEX:ML:

  • Change In Inventory: MXN5,171 Mil
  • GF Value™: MXN635.00 vs. price of MXN733.29 (15.5% above fair value)
  • GF Score™: 84/100 with 6 warning signs

No single metric tells the full story. See the MEX:ML stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Michelin Business Description

Address 23, Place des Carmes, Dechaux, Puy-de-Dome, Clermont-Ferrand, FRA, 63000
Michelin manufactures tires for passenger vehicles. The company also makes tires for all types of commercial vehicles as well as bicycle, motorcycle, earthmover, aviation, and agricultural tires. Its operations are organized into three operating segments namely Automotive and two-wheel; Road transportation; and Specialty businesses. The company generates maximum revenue from Automotive segments. The Specialty businesses include the Mining, Beyond-road, Two-wheel and Aircraft tire activities, as well as the High-Tech Materials activities. The Services & Solutions businesses are included for the majority part in the Road transportation and related distribution segment.
84GF Score

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Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN733.29
Price
MXN635.00
GF Value