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Delek Automotive Systems (XTAE:DLEA) Days Inventory : 93.46 (As of Mar. 2024)


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What is Delek Automotive Systems Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Delek Automotive Systems's Average Total Inventories for the three months ended in Mar. 2024 was ₪1,694 Mil. Delek Automotive Systems's Cost of Goods Sold for the three months ended in Mar. 2024 was ₪1,654 Mil. Hence, Delek Automotive Systems's Days Inventory for the three months ended in Mar. 2024 was 93.46.

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

XTAE:DLEA' s Days Inventory Range Over the Past 10 Years
Min: 107.68   Med: 138.13   Max: 166.34
Current: 121.53

During the past 13 years, Delek Automotive Systems's highest Days Inventory was 166.34. The lowest was 107.68. And the median was 138.13.

XTAE:DLEA's Days Inventory is ranked worse than
73.53% of 1262 companies
in the Vehicles & Parts industry
Industry Median: 81.845 vs XTAE:DLEA: 121.53

Delek Automotive Systems's Days Inventory increased from Mar. 2023 (82.27) to Mar. 2024 (93.46). It might indicate that Delek Automotive Systems's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Delek Automotive Systems's Inventory Turnover for the three months ended in Mar. 2024 was 0.98.

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. Delek Automotive Systems's Inventory-to-Revenue for the three months ended in Mar. 2024 was 0.88.


Delek Automotive Systems Days Inventory Historical Data

The historical data trend for Delek Automotive Systems'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.

Delek Automotive Systems Days Inventory Chart

Delek Automotive Systems Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 142.38 166.34 107.68 108.69 125.29

Delek Automotive Systems Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 82.27 124.04 126.28 184.08 93.46

Competitive Comparison of Delek Automotive Systems's Days Inventory

For the Auto & Truck Dealerships subindustry, Delek Automotive Systems'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.


Delek Automotive Systems's Days Inventory Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Delek Automotive Systems's Days Inventory falls into.



Delek Automotive Systems Days Inventory Calculation

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

Delek Automotive Systems'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
=( (1350.471 + 1959.67) / 2 ) / 4821.707*365
=1655.0705 / 4821.707*365
=125.29

Delek Automotive Systems's Days Inventory for the quarter that ended in Mar. 2024 is calculated as:

Days Inventory (Q: Mar. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Dec. 2023 ) + Total Inventories (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (1959.67 + 1428.026) / 2 ) / 1653.725*365 / 4
=1693.848 / 1653.725*365 / 4
=93.46

* 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.


Delek Automotive Systems  (XTAE:DLEA) 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.

Delek Automotive Systems's Inventory Turnover for the three months ended in Mar. 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.

Delek Automotive Systems's Inventory to Revenue for the three months ended in Mar. 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.


Delek Automotive Systems Days Inventory Related Terms

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


Delek Automotive Systems (XTAE:DLEA) Business Description

Traded in Other Exchanges
N/A
Address
19 Abba Eban Boulevard, P.O.B. 2054, Herzeliya, ISR, 4612001
Delek Automotive Systems, headquartered in Israel, is engaged in import, distribution, and marketing of vehicles and vehicle parts. The company is part of Delek Group, which is involved in energy and infrastructure, insurance and finance, automotive, and chemicals. Delek Automotive Systems mainly distributes Mazda, Ford, Lincoln, and BMW vehicles. Delek Automotive Systems operates two subsidiaries: Delek Motors and Kamor Motors.

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