Nexteer Automotive Group (Nexteer Automotive Group) Change In Inventory : $0 Mil (TTM As of Dec. 2023)

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What is Nexteer Automotive Group Change In Inventory?

Nexteer Automotive Group's change in inventory for the quarter that ended in Dec. 2023 was $0 Mil. It means Nexteer Automotive Group's inventory stayed the same from Jun. 2023 to Dec. 2023 .

Nexteer Automotive Group's change in inventory for the fiscal year that ended in Dec. 2023 was $-6 Mil. It means Nexteer Automotive Group's inventory increased by $6 Mil from Dec. 2022 to Dec. 2023 .

Nexteer Automotive Group's Total Inventories for the quarter that ended in Dec. 2023 was $299 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nexteer Automotive Group's Days Inventory for the quarter that ended in Dec. 2023 was 27.99.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nexteer Automotive Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.52.

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. Nexteer Automotive Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.14.

Nexteer Automotive Group Change In Inventory Historical Data

The historical data trend for Nexteer Automotive Group'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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Nexteer Automotive Group Change In Inventory Chart

Nexteer Automotive Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-29.71

34.95

-56.19

-15.45

-6.28

Nexteer Automotive Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Nexteer Automotive Group 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 semi-annually data reported by the company within the most recent 12 months, which was $0 Mil.

Nexteer Automotive Group (OTCPK:NTXVF) Change In Inventory Explanation

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

Nexteer Automotive Group's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	295.528	/	1927.201	*	365 / 2
	=	27.99

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

Nexteer Automotive Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1927.201	/	295.528
	=	6.52

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.

Nexteer Automotive Group's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	295.528	/	2104.963
	=	0.14

Nexteer Automotive Group Change In Inventory Related Terms

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Nexteer Automotive Group (Nexteer Automotive Group) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nexteer Automotive Group Ltd (OTCPK:NTXVF) » Definitions » Change In Inventory

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01316:Hong Kong

Address

1272 Doris Road, Auburn Hills, MI, USA, 48326

Website

https://www.nexteer.com

Nexteer Automotive Group Ltd offers advanced steering and driveline systems. The company's customers are well-known automakers like BMW, Fiat Chrysler, Ford, GM, and Toyota, as well as automakers in India, South America, and China. The business units are electric power steering, hydraulic power steering, steering columns, driveline, and half shafts. The electric power steering includes columns, an intermediate shaft, and steering gear, EPS motors, sensors, controllers, and assist mechanisms. The Group classifies its businesses into three reportable segments: North America, Asia Pacific, and Europe, Middle East, Africa and South America (EMEASA). All of the Group's operating segments typically offer the same steering and driveline products, the majority are derived from North America.