CVGI (Commercial Vehicle Group) Inventory Turnover : 1.16 (As of Dec. 2024)

View and export this data going back to 2004. Start your Free Trial

What is Commercial Vehicle Group Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Commercial Vehicle Group's Cost of Goods Sold for the three months ended in Dec. 2024 was $150.2 Mil. Commercial Vehicle Group's Average Total Inventories for the quarter that ended in Dec. 2024 was $129.6 Mil. Commercial Vehicle Group's Inventory Turnover for the quarter that ended in Dec. 2024 was 1.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Commercial Vehicle Group's Days Inventory for the three months ended in Dec. 2024 was 78.71.

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. Commercial Vehicle Group's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.79.

Commercial Vehicle Group Inventory Turnover Historical Data

The historical data trend for Commercial Vehicle Group's Inventory Turnover 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.

Commercial Vehicle Group Inventory Turnover Chart

Commercial Vehicle Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

Get a 7-Day Free Trial

7.39

7.34

4.92

5.50

5.30

Commercial Vehicle Group Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.38	1.68	1.61	1.18	1.16

Commercial Vehicle Group Inventory Turnover Calculation

Commercial Vehicle Group's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	650.236	/ (	(117.267	+	128.224)	/	2 )
=	650.236	/	122.7455
=	5.30

Commercial Vehicle Group's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	150.217	/ (	(130.917	+	128.224)	/	2 )
=	150.217	/	129.5705
=	1.16

Commercial Vehicle Group (NAS:CVGI) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Commercial Vehicle Group's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	129.5705	/	150.217	*	365 / 4
	=	78.71

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.

Commercial Vehicle Group's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	129.5705	/	163.292
	=	0.79

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Commercial Vehicle Group Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Commercial Vehicle Group's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Commercial Vehicle Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Commercial Vehicle Group Inc (NAS:CVGI) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

FDU:Germany

Address

7800 Walton Parkway, New Albany, OH, USA, 43054

Website

https://www.cvgrp.com

Commercial Vehicle Group Inc is a provider of systems, assemblies, and components to the commercial vehicle market and the electric vehicle markets. It delivers solutions to complex design, engineering, and manufacturing problems while creating positive change for customers, industries, and communities. Its operating segments are Vehicle Solutions, Electrical Systems, and Aftermarket and Accessories. The company makes the majority of its revenue from Vehicle Solutions. The group generates revenue from its products including seating systems, plastic components, electrical wire harnesses, mirrors, wipers, and other accessories. Its geographic regions are North America, Europe and Asia-Pacific.

Executives

Ray James R Jr	director	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
J Michael Nauman	director	C/O MOLEX INCORPORATED, 2222 WELLINGTON COURT, LISLE IL 60532
Robert C Griffin	director	BUILDERS FIRSTSOURCE INC., 2001 BRYAN STREET, SUITE 1600, DALLAS TX 75201
Wayne M Rancourt	director	1111 WEST JEFFERSON STREET, SUITE 300, P O BOX 50, BOISE ID 83728
Melanie K. Cook	director	4545 W. BROWN DEER ROAD, P.O. BOX 245036, MILWAUKEE WI 53224
Roger L Fix	director
Chung Kin Cheung	officer: EVP & CFO	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Aneezal H Mohamed	officer: General Counsel, Cmp Ofc & Sec	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Richard Iii Tajer	officer: SVP & Chief Commercial Officer	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Kristin S Mathers	officer: Chief HR Officer	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Christopher H Bohnert	officer: CFO & Chief Accounting Officer	2780 WATERFRONT PARKWAY EAST DRIVE, SUITE 200, INDIANAPOLIS IN 46214
Harold C Bevis	director	8537 SIX FORKS RD., SUITE 300, RALEIGH NC 27615
Ruth Gratzke	director	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Angela M O'leary	other: VP, Controller & Ch Acct Offcr	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054
Edmund S Carney	officer: Interim CFO	COMMERCIAL VEHICLE GROUP, INC., 7800 WALTON PARKWAY, NEW ALBANY OH 43054