Days Inventory is also known as Days Sales of Inventory (DSI). Adient's Average Total Inventories for the
three
months ended in Sep. 2024 was $767 Mil. Adient's Cost of Goods Sold for the
three
months ended in Sep. 2024 was $3,317 Mil.
Hence, Adient's Days Inventory for the
three
months ended in Sep. 2024 was 21.09.
The historical rank and industry rank for Adient's Days Inventory or its related term are showing as below:
ADNT'
s Days Inventory Range Over the Past 10 Years
Min: 14.52 Med: 19.99 Max: 26.44
Current: 21.21
During the past 12 years, Adient's highest Days Inventory was 26.44. The lowest was 14.52. And the median was 19.99.
ADNT's Days Inventory is ranked better than 95.18% of 1266
companies
in the Vehicles & Parts industry
Industry Median: 80.545
vs ADNT: 21.21
Adient's Days Inventory
declined
from Sep. 2023 (22.53) to Sep. 2024 (21.09).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Adient's Inventory Turnover for the
three
months ended in Sep. 2024 was 4.33.
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.
Adient's Inventory-to-Revenue for the
three
months ended in Sep. 2024 was 0.22.
Adient Days Inventory Historical Data
The historical data trend for Adient's Days 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.
For the Auto Parts subindustry, Adient's Days Inventory, along with its competitors' market caps and Days Inventory 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.
Adient's Days Inventory Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Adient's Days Inventory distribution charts can be found below:
* The bar in red indicates where Adient's Days Inventory falls into.
Adient Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Adient's Days Inventory for the fiscal year that ended in Sep. 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.
Adient (NYSE:ADNT) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Adient's Inventory Turnover for the
three
months ended in Sep. 2024 is calculated as
2. 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.
Adient's Inventory to Revenue for the
three
months ended in Sep. 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Adient Days Inventory Related Terms
Thank you for viewing the detailed overview of Adient's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Adient began trading Oct. 31, 2016, when Johnson Controls spun off its automotive experience segment. Adient is the leading seating supplier to the industry with about one third of the global market. Its share in China is now nearly 20%, down from about 45%, following the sale of its main joint venture there at the end of fiscal 2021. Unconsolidated revenue from joint ventures was about $3.8 billion in fiscal 2024 and consolidated China revenue was $1.4 billion. The company is headquartered in Ireland but has corporate offices in the Detroit area. Fiscal 2024 (Sept. 30 year-end) consolidated revenue, which excludes joint venture sales, was $14.7 billion.
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