The historical rank and industry rank for Magna International's Days Inventory or its related term are showing as below:
TSX:MG'
s Days Inventory Range Over the Past 10 Years
Min: 30.7 Med: 37.29 Max: 45.3
Current: 45.3
During the past 13 years, Magna International's highest Days Inventory was 45.30. The lowest was 30.70. And the median was 37.29.
TSX:MG's Days Inventory is ranked better than 80.33% of 1266
companies
in the Vehicles & Parts industry
Industry Median: 80.545
vs TSX:MG: 45.30
Magna International's Days Inventory
increased
from Sep. 2023 (45.95) to Sep. 2024 (47.08).
It might indicate that Magna International's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Magna International's Inventory Turnover for the
three
months ended in Sep. 2024 was 1.94.
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.
Magna International's Inventory-to-Revenue for the
three
months ended in Sep. 2024 was 0.44.
Magna International Days Inventory Historical Data
The historical data trend for Magna International'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.
Competitive Comparison of Magna International's Days Inventory
For the Auto Parts subindustry, Magna International'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.
Magna International's Days Inventory Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Magna International's Days Inventory distribution charts can be found below:
* The bar in red indicates where Magna International's Days Inventory falls into.
Magna International Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Magna International's Days Inventory for the fiscal year that ended in Dec. 2023 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.
Magna International (TSX:MG) 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.
Magna International'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.
Magna International'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.
Magna International Days Inventory Related Terms
Thank you for viewing the detailed overview of Magna International's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Magna International prides itself on a highly entrepreneurial culture and a corporate constitution that outlines distribution of profits to various stakeholders. This automotive supplier's product groups include exteriors, interiors, seating, roof systems, body and chassis, powertrain, vision and electronic systems, closure systems, electric vehicle systems, tooling and engineering, and contract vehicle assembly. In 2023, 48% of Magna's $42.8 billion of revenue came from North America while Europe accounted for approximately 38% and Asia the remainder. The firm's top six customers constituted 76% of revenue with the top three being GM, Mercedes, and BMW. GM was the largest contributor at 14%. The company was founded in 1957, has over 179,000 employees, and is based in Aurora, Ontario.
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