Nexteer Automotive Group (Nexteer Automotive Group) Inventory-to-Revenue : 0.14 (As of Dec. 2023)

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What is Nexteer Automotive Group Inventory-to-Revenue?

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. Nexteer Automotive Group's Average Total Inventories for the quarter that ended in Dec. 2023 was $296 Mil. Nexteer Automotive Group's Revenue for the six months ended in Dec. 2023 was $2,105 Mil. Nexteer Automotive Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.14.

Nexteer Automotive Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 increased from Jun. 2023 (0.14) to Jun. 2023 (0.14)

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Nexteer Automotive Group's Days Inventory for the six months ended in Dec. 2023 was 27.99.

Inventory Turnover measures how fast the company turns over its inventory within a year. Nexteer Automotive Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 6.52.

Nexteer Automotive Group Inventory-to-Revenue Historical Data

The historical data trend for Nexteer Automotive Group's Inventory-to-Revenue 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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Nexteer Automotive Group Inventory-to-Revenue Chart

Nexteer Automotive Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory-to-Revenue

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0.07

0.08

0.07

Nexteer Automotive Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory-to-Revenue	Get a 7-Day Free Trial															0.18	0.17	0.15	0.14	0.14

Competitive Comparison of Nexteer Automotive Group's Inventory-to-Revenue

For the Auto Parts subindustry, Nexteer Automotive Group's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.

Nexteer Automotive Group's Inventory-to-Revenue Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Nexteer Automotive Group's Inventory-to-Revenue distribution charts can be found below:

* The bar in red indicates where Nexteer Automotive Group's Inventory-to-Revenue falls into.

Nexteer Automotive Group Inventory-to-Revenue Calculation

Nexteer Automotive Group's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (A: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )
=	( (293.692	+	299.074)	/	2 )	/	4206.793
=	296.383					/	4206.793
=	0.07

Nexteer Automotive Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 is calculated as

	Inventory-to-Revenue (Q: Dec. 2023 )
=	Average Total Inventories					/	Revenue
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Revenue (Q: Dec. 2023 )
=	( (291.982	+	299.074)	/	2 )	/	2104.963
=	295.528					/	2104.963
=	0.14

Nexteer Automotive Group (OTCPK:NTXVF) Inventory-to-Revenue Explanation

An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:

Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:

1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.

More Related Terms:

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

Nexteer Automotive Group's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	295.528	/	1927.201	*	365 / 2
	=	27.99

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Nexteer Automotive Group's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	1927.201	/	295.528
	=	6.52

Nexteer Automotive Group Inventory-to-Revenue Related Terms

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Nexteer Automotive Group (Nexteer Automotive Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Nexteer Automotive Group Ltd (OTCPK:NTXVF) » Definitions » Inventory-to-Revenue

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01316:Hong Kong

Address

1272 Doris Road, Auburn Hills, MI, USA, 48326

Website

https://www.nexteer.com

Nexteer Automotive Group Ltd offers advanced steering and driveline systems. The company's customers are well-known automakers like BMW, Fiat Chrysler, Ford, GM, and Toyota, as well as automakers in India, South America, and China. The business units are electric power steering, hydraulic power steering, steering columns, driveline, and half shafts. The electric power steering includes columns, an intermediate shaft, and steering gear, EPS motors, sensors, controllers, and assist mechanisms. The Group classifies its businesses into three reportable segments: North America, Asia Pacific, and Europe, Middle East, Africa and South America (EMEASA). All of the Group's operating segments typically offer the same steering and driveline products, the majority are derived from North America.