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CMI (Cummins) Days Inventory : 84.49 (As of Dec. 2024)


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What is Cummins Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Cummins's Average Total Inventories for the three months ended in Dec. 2024 was $5,938 Mil. Cummins's Cost of Goods Sold for the three months ended in Dec. 2024 was $6,413 Mil. Hence, Cummins's Days Inventory for the three months ended in Dec. 2024 was 84.49.

The historical rank and industry rank for Cummins's Days Inventory or its related term are showing as below:

CMI' s Days Inventory Range Over the Past 10 Years
Min: 69.54   Med: 76.37   Max: 85.1
Current: 82.97

During the past 13 years, Cummins's highest Days Inventory was 85.10. The lowest was 69.54. And the median was 76.37.

CMI's Days Inventory is ranked better than
71.75% of 2910 companies
in the Industrial Products industry
Industry Median: 122.54 vs CMI: 82.97

Cummins's Days Inventory increased from Dec. 2023 (80.78) to Dec. 2024 (84.49). It might indicate that Cummins's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Cummins's Inventory Turnover for the three months ended in Dec. 2024 was 1.08.

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. Cummins's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.70.


Cummins Days Inventory Historical Data

The historical data trend for Cummins'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.

* Premium members only.

Cummins Days Inventory Chart

Cummins Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 84.55 77.48 85.10 79.74 81.21

Cummins Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Days 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 80.78 82.01 80.26 87.05 84.49

Competitive Comparison of Cummins's Days Inventory

For the Specialty Industrial Machinery subindustry, Cummins'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.


Cummins's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Cummins's Days Inventory distribution charts can be found below:

* The bar in red indicates where Cummins's Days Inventory falls into.



Cummins Days Inventory Calculation

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

Cummins's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

Days Inventory (A: Dec. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2023 ) + Total Inventories (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (5677 + 5742) / 2 ) / 25663*365
=5709.5 / 25663*365
=81.21

Cummins's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

Days Inventory (Q: Dec. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2024 ) + Total Inventories (Q: Dec. 2024 )) / count ) / Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=( (6134 + 5742) / 2 ) / 6413*365 / 4
=5938 / 6413*365 / 4
=84.49

* 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.


Cummins  (NYSE:CMI) 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.

Cummins's Inventory Turnover for the three months ended in Dec. 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.

Cummins's Inventory to Revenue for the three months ended in Dec. 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.


Cummins Days Inventory Related Terms

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


Cummins Business Description

Traded in Other Exchanges
Address
500 Jackson Street, Box 3005, Columbus, IN, USA, 47202-3005
Cummins is the top manufacturer of diesel engines used in commercial trucks, off-highway machinery, and railroad locomotives, in addition to standby and prime power generators. The company also sells powertrain components, which include transmissions, turbochargers, aftertreatment systems, and fuel systems. Cummins is in the unique position of competing with its primary customers, heavy-duty truck manufacturers, who make and aggressively market their own engines. Despite robust competition across all its segments and increasing government regulation of carbon emissions, Cummins has maintained its leadership position in the industry.
Executives
Mark Andrew Smith officer: VP - Operations Finance 500 JACKSON STREET, COLUMBUS IN 47201
Jennifer Rumsey officer: Chief Technical Officer 500 JACKSON STREET, COLUMBUS IN 47201
Sharon R Barner officer: VP - General Counsel 500 JACKSON STREET, COLUMBUS IN 47201
Di Leo Allen Bruno V director INTERNATIONAL BUSINESS MACHINES CORP., C/O SEC'Y'S OFFICE, ONE NEW ORCHARD ROAD, ARMONK NY 10504
Donald G Jackson officer: VP and Treasurer 500 JACKSON STREET, COLUMBUS IN 47201
Tony Satterthwaite officer: President - Distribution 1400 73RD AVENUE NE, MINNEAPOLIS MN 55432
Jeffrey T Wiltrout officer: VP - Corporate Strategy 500 JACKSON STREET, COLUMBUS IN 47201
Marvin Boakye officer: VP - Chief Human Resources Off PO BOX 99900, LOUISVILLE KY 40269
Daniel William Fisher director 2526 SPRUCE MEADOWS DRIVE, BROOMFIELD CO 80023
Sherry A Aaholm officer: Chief Information Officer 500 JACKSON STREET, COLUMBUS IN 47201
Luther E Peters officer: VP - Corporate Controller 500 JACKSON STREET, COLUMBUS IN 47201
Jonathan David Wood officer: Vice President & CTO 500 JACKSON STREET, COLUMBUS IN 47201
Georgia R Nelson director C/O TOWER AUTOMOTIVE INC, 27175 HAGGERTY ROAD, NOVI MI 48377-3626
Franklin R Changdiaz director 500 JACKSON ST., M/C 60701, COLUMBUS IN 47201
Norman Thomas Linebarger officer: President-Power Gen.