Cooper-Standard Holdings (FRA:C31) Inventory Turnover : 3.86 (As of Mar. 2024)

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What is Cooper-Standard Holdings 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. Cooper-Standard Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was €566 Mil. Cooper-Standard Holdings's Average Total Inventories for the quarter that ended in Mar. 2024 was €147 Mil. Cooper-Standard Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 was 3.86.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Cooper-Standard Holdings's Days Inventory for the three months ended in Mar. 2024 was 23.67.

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. Cooper-Standard Holdings's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.24.

Cooper-Standard Holdings Inventory Turnover Historical Data

The historical data trend for Cooper-Standard Holdings'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.

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Cooper-Standard Holdings Inventory Turnover Chart

Cooper-Standard Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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17.46

14.81

15.38

15.66

16.33

Cooper-Standard Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															3.86	3.72	3.58	3.67	3.86

Cooper-Standard Holdings Inventory Turnover Calculation

Cooper-Standard Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	2315.519	/ (	(148.922	+	134.658)	/	2 )
=	2315.519	/	141.79
=	16.33

Cooper-Standard Holdings's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	565.599	/ (	(134.658	+	158.72)	/	2 )
=	565.599	/	146.689
=	3.86

Cooper-Standard Holdings (FRA:C31) 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.

Cooper-Standard Holdings's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	146.689	/	565.599	*	365 / 4
	=	23.67

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.

Cooper-Standard Holdings's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	146.689	/	622.311
	=	0.24

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.

Cooper-Standard Holdings Inventory Turnover Related Terms

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Cooper-Standard Holdings (FRA:C31) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cooper-Standard Holdings Inc (FRA:C31) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

CPS:USA

Address

40300 Traditions Drive, Northville, MI, USA, 48168

Website

https://www.cooperstandard.com

Cooper-Standard Holdings Inc is a supplier of rubber and resin products for the automotive industry. The company produces rubber and plastic sealings, fuel and brake lines, fluid transfer hoses, and anti-vibration systems used by original equipment manufacturers and replacement markets for passenger vehicles and light trucks. The largest customers include Ford, GM, FCA, Peugeot Citroen, and Volkswagen. Cooper Standard generates the majority of its revenue with its sealing systems products such as Fortrex, dynamic and static seals, stainless steel trims, flush glass systems, and variable extrusions.

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