KIGRY (KION GROUP AG) Days Inventory : 90.46 (As of Sep. 2024)

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What is KION GROUP AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). KION GROUP AG's Average Total Inventories for the three months ended in Sep. 2024 was $2,165 Mil. KION GROUP AG's Cost of Goods Sold for the three months ended in Sep. 2024 was $2,184 Mil. Hence, KION GROUP AG's Days Inventory for the three months ended in Sep. 2024 was 90.46.

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

KIGRY' s Days Inventory Range Over the Past 10 Years
Min: 46.1 Med: 57.12 Max: 82.77
Current: 82.77

During the past 13 years, KION GROUP AG's highest Days Inventory was 82.77. The lowest was 46.10. And the median was 57.12.

KIGRY's Days Inventory is ranked better than
77.67% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 139.735 vs KIGRY: 82.77

KION GROUP AG's Days Inventory increased from Sep. 2023 (88.40) to Sep. 2024 (90.46). It might indicate that KION GROUP AG's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. KION GROUP AG's Inventory Turnover for the three months ended in Sep. 2024 was 1.01.

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. KION GROUP AG's Inventory-to-Revenue for the three months ended in Sep. 2024 was 0.72.

KION GROUP AG Days Inventory Historical Data

The historical data trend for KION 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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KION GROUP AG Days Inventory Chart

KION GROUP AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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58.54

58.78

63.64

69.14

72.48

KION 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															88.40	71.77	81.58	84.96	90.46

Competitive Comparison of KION GROUP AG's Days Inventory

For the Farm & Heavy Construction Machinery subindustry, KION 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.

KION GROUP AG's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, KION GROUP AG's Days Inventory distribution charts can be found below:

* The bar in red indicates where KION GROUP AG's Days Inventory falls into.

KION GROUP AG Days Inventory Calculation

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

KION 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
=	( (1845.975	+	1901.309)	/	2 )	/	9435.66	*	365
=	1873.642					/	9435.66	*	365
=	72.48

KION 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
=	( (2136.168	+	2193.341)	/	2 )	/	2183.684	*	365 / 4
=	2164.7545					/	2183.684	*	365 / 4
=	90.46

KION GROUP AG (OTCPK:KIGRY) 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.

KION 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
	=	2183.684	/	2164.7545
	=	1.01

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.

KION GROUP AG's Inventory to Revenue for the three months ended in Sep. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2164.7545	/	2995.782
	=	0.72

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.

KION GROUP AG Days Inventory Related Terms

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KION GROUP AG Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » KION GROUP AG (OTCPK:KIGRY) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

KNNGF:USA 1KGX:Italy KGXd:UK 0QFU:UK KGX:Germany KGX:Austria

Address

Thea-Rasche-Strasse 8, Frankfurt am Main, HE, DEU, 60549

Website

https://www.kiongroup.com

Kion Group is the number-two forklift truck manufacturer globally, after Toyota, and the number-one global warehouse automation equipment supplier. The Germany-headquartered company gets 70% of its revenue from the sale of new forklifts and maintenance services. Another roughly 30%, and growing portion, comes from warehouse automation equipment under the Dematic division, which caters to sectors such as e-commerce, third-party logistics, and supermarkets. Kion's forklift trucks and warehouse equipment service the same end markets.