Penske Automotive Group (FRA:UA9) Days Inventory : 69.54 (As of Sep. 2024)

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What is Penske Automotive Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Penske Automotive Group's Average Total Inventories for the three months ended in Sep. 2024 was €4,358 Mil. Penske Automotive Group's Cost of Goods Sold for the three months ended in Sep. 2024 was €5,719 Mil. Hence, Penske Automotive Group's Days Inventory for the three months ended in Sep. 2024 was 69.54.

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

FRA:UA9' s Days Inventory Range Over the Past 10 Years
Min: 52.73 Med: 71.58 Max: 81.27
Current: 63.91

During the past 13 years, Penske Automotive Group's highest Days Inventory was 81.27. The lowest was 52.73. And the median was 71.58.

FRA:UA9's Days Inventory is ranked better than
65.09% of 1266 companies
in the Vehicles & Parts industry
Industry Median: 80.545 vs FRA:UA9: 63.91

Penske Automotive Group's Days Inventory increased from Sep. 2023 (55.12) to Sep. 2024 (69.54). It might indicate that Penske Automotive Group's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Penske Automotive Group's Inventory Turnover for the three months ended in Sep. 2024 was 1.31.

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. Penske Automotive Group's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.64.

Penske Automotive Group Days Inventory Historical Data

The historical data trend for Penske Automotive Group'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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Penske Automotive Group Days Inventory Chart

Penske Automotive Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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75.93

85.55

54.55

51.17

58.66

Penske Automotive Group 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															55.12	60.55	64.02	64.45	69.54

Competitive Comparison of Penske Automotive Group's Days Inventory

For the Auto & Truck Dealerships subindustry, Penske Automotive Group'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.

Penske Automotive Group's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Penske Automotive Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Penske Automotive Group's Days Inventory falls into.

Penske Automotive Group Days Inventory Calculation

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

Penske Automotive Group'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
=	( (3312.59	+	3936.773)	/	2 )	/	22552.331	*	365
=	3624.6815					/	22552.331	*	365
=	58.66

Penske Automotive Group'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
=	( (4371.781	+	4344.982)	/	2 )	/	5719.188	*	365 / 4
=	4358.3815					/	5719.188	*	365 / 4
=	69.54

Penske Automotive Group (FRA:UA9) 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.

Penske Automotive Group's Inventory Turnover for the three months ended in Sep. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	5719.188	/	4358.3815
	=	1.31

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.

Penske Automotive Group's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	4358.3815	/	6839.311
	=	0.64

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.

Penske Automotive Group Days Inventory Related Terms

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

Penske Automotive Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Penske Automotive Group Inc (FRA:UA9) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

PAG:USA UA9:Germany

Address

2555 Telegraph Road, Bloomfield Hills, MI, USA, 48302-0954

Website

https://www.penskeautomotive.com

Penske Automotive Group operates in about 20 us states and overseas. It has over 150 us and Puerto Rico light-vehicle stores as well as 210 franchised dealerships overseas, primarily in the United Kingdom but also in Australia, Continental Europe, and Japan. The company is the third-largest us-based dealership in terms of light-vehicle revenue and sells more than 40 brands, with over 90% of retail automotive revenue coming from luxury and import names. Other segments are service and finance and insurance. The firm's Premier Truck Group owns 46 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns nearly 20 used-vehicle stores, mostly in the us and UK under the CarShop (us) and Sytner Select (UK) brands. Penske is based in Bloomfield Hills, Michigan.

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