Mercedes-Benz Group AG (BSE:DAI) Days Inventory : 92.53 (As of Sep. 2024)

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What is Mercedes-Benz Group AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Mercedes-Benz Group AG's Average Total Inventories for the three months ended in Sep. 2024 was lei150,920 Mil. Mercedes-Benz Group AG's Cost of Goods Sold for the three months ended in Sep. 2024 was lei148,827 Mil. Hence, Mercedes-Benz Group AG's Days Inventory for the three months ended in Sep. 2024 was 92.53.

The historical rank and industry rank for Mercedes-Benz Group AG's Days Inventory or its related term are showing as below:

BSE:DAI' s Days Inventory Range Over the Past 10 Years
Min: 68.33 Med: 73.83 Max: 100.32
Current: 88.18

During the past 13 years, Mercedes-Benz Group AG's highest Days Inventory was 100.32. The lowest was 68.33. And the median was 73.83.

BSE:DAI's Days Inventory is ranked worse than
55.85% of 1266 companies
in the Vehicles & Parts industry
Industry Median: 80.545 vs BSE:DAI: 88.18

Mercedes-Benz Group AG's Days Inventory increased from Sep. 2023 (92.09) to Sep. 2024 (92.53). It might indicate that Mercedes-Benz Group AG's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Mercedes-Benz Group AG's Inventory Turnover for the three months ended in Sep. 2024 was 0.99.

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. Mercedes-Benz Group AG's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.83.

Mercedes-Benz Group AG Days Inventory Historical Data

The historical data trend for Mercedes-Benz Group AG'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.

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Mercedes-Benz Group AG Days Inventory Chart

Mercedes-Benz Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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75.48

95.73

87.73

75.78

79.34

Mercedes-Benz Group AG Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Inventory	Get a 7-Day Free Trial															92.09	77.42	88.61	92.47	92.53

Competitive Comparison of Mercedes-Benz Group AG's Days Inventory

For the Auto Manufacturers subindustry, Mercedes-Benz Group AG'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.

Mercedes-Benz Group AG's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Mercedes-Benz Group AG's Days Inventory distribution charts can be found below:

* The bar in red indicates where Mercedes-Benz Group AG's Days Inventory falls into.

Mercedes-Benz Group AG Days Inventory Calculation

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

Mercedes-Benz Group AG's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (127710.785	+	139108.984)	/	2 )	/	613712.459	*	365
=	133409.8845					/	613712.459	*	365
=	79.34

Mercedes-Benz Group AG's Days Inventory for the quarter that ended in Sep. 2024 is calculated as:

	Days Inventory (Q: Sep. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2024 )	+	Total Inventories (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (150285.304	+	151555.064)	/	2 )	/	148827.23	*	365 / 4
=	150920.184					/	148827.23	*	365 / 4
=	92.53

Mercedes-Benz Group AG (BSE:DAI) 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.

Mercedes-Benz Group AG's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	148827.23	/	150920.184
	=	0.99

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.

Mercedes-Benz Group AG's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	150920.184	/	181477.137
	=	0.83

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.

Mercedes-Benz Group AG Days Inventory Related Terms

Thank you for viewing the detailed overview of Mercedes-Benz Group AG's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Mercedes-Benz Group AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Mercedes-Benz Group AG (BSE:DAI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

MBGYY:USA MBGAF:USA MBG:Poland MBG:Mexico 1MBG:Italy MERCEDESBENZ:Hungary MBGd:UK 0NXX:UK MBG:Germany MBG:Bulgaria MBG:Austria

Address

Mercedesstrasse 120, Stuttgart, BW, DEU, 70372

Website

https://www.daimler.com

Mercedes-Benz Group is a premium automotive original equipment manufacturer, selling around 2 million passenger cars, including its Chinese joint venture, and just under 450,000 vans per year. The company's financial profile improved significantly following the spinoff of Daimler Truck in 2021. Unlike most automotive OEMs, Mercedes operates under its own brand alone. In 2023, 16% of its passenger cars sold were top end (G Class, Maybach, AMG, S Class), 54% were core (C and E Class), and 30% entry (A and B Class). In volume terms, Asia is Mercedes' largest market at 40% of 2023 vehicle sales followed by Europe at 38% and North America at 17%.

Mercedes-Benz Group AG Headlines

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