Days Inventory is also known as Days Sales of Inventory (DSI). Veoneer's Average Total Inventories for the
three
months ended in Dec. 2021 was $190 Mil. Veoneer's Cost of Goods Sold for the
three
months ended in Dec. 2021 was $359 Mil.
Hence, Veoneer's Days Inventory for the
three
months ended in Dec. 2021 was 48.17.
The historical rank and industry rank for Veoneer's Days Inventory or its related term are showing as below:
VNE'
s Days Inventory Range Over the Past 10 Years
Min: 31.29 Med: 34.84 Max: 42.99
Current: 42.62
During the past 7 years, Veoneer's highest Days Inventory was 42.99. The lowest was 31.29. And the median was 34.84.
VNE's Days Inventory is not ranked
in the Vehicles & Parts industry.
Industry Median: 81.295
vs VNE: 42.62
Veoneer's Days Inventory
increased
from Dec. 2020 (30.73) to Dec. 2021 (48.17).
It might indicate that Veoneer's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Veoneer's Inventory Turnover for the
three
months ended in Dec. 2021 was 1.89.
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.
Veoneer's Inventory-to-Revenue for the
three
months ended in Dec. 2021 was 0.42.
Veoneer Days Inventory Historical Data
The historical data trend for Veoneer'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 Veoneer's Days Inventory
For the Auto Parts subindustry, Veoneer'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.
Veoneer's Days Inventory Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Veoneer's Days Inventory distribution charts can be found below:
* The bar in red indicates where Veoneer's Days Inventory falls into.
Veoneer Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Veoneer's Days Inventory for the fiscal year that ended in Dec. 2021 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.
Veoneer (NYSE:VNE) 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.
Veoneer's Inventory Turnover for the
three
months ended in Dec. 2021 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.
Veoneer's Inventory to Revenue for the
three
months ended in Dec. 2021 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.
Veoneer Days Inventory Related Terms
Thank you for viewing the detailed overview of Veoneer's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Veoneer designs, develops, and makes safety electronics for the global automotive industry. Passive safety products include sensors, electronic control units, and software used to prepare seat belt pretensioners, and to deploy airbags in a collision. Active safety products include sensors, electronic control units, and software that enable advanced driver assistance systems, or ADAS, highly automated driving, or HAD, and autonomous driving, or AD. Roughly one-third of revenue comes from each of Europe, the Americas, and Asia. Daimler, Hyundai/Kia, Ford, Honda, and General Motors are the company's five largest customers, accounting for 61% of 2020 revenue.
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