Penske Automotive Group (STU:UA9) Total Inventories : €4,070 Mil (As of Mar. 2024)

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What is Penske Automotive Group Total Inventories?

Penske Automotive Group's total inventories for the quarter that ended in Mar. 2024 was €4,070 Mil. Penske Automotive Group's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was €4,003 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Penske Automotive Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-112.58.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Penske Automotive Group's Days Inventory for the three months ended in Mar. 2024 was 64.02.

Inventory Turnover measures how fast the company turns over its inventory within a year. Penske Automotive Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.43.

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. Penske Automotive Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.58.

Penske Automotive Group Total Inventories Historical Data

The historical data trend for Penske Automotive Group's Total Inventories 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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Penske Automotive Group Total Inventories Chart

Penske Automotive Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

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Dec19

Dec20

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Dec23

Total Inventories

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3,834.63

2,815.84

2,769.17

3,312.59

3,936.77

Penske Automotive Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Total Inventories	Get a 7-Day Free Trial															3,390.79	3,582.44	3,467.09	3,936.77	4,070.17

Penske Automotive Group Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Penske Automotive Group (STU:UA9) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Penske Automotive Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(107.548	+	0.75 * 977.776	+	0.5 * 4070.172	-	10396.368
-	0	-	27.876)	/	67.0494
=	-112.58

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

Penske Automotive Group'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
	=	4003.4725	/	5706.392	*	365 / 4
	=	64.02

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

Penske Automotive Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	5706.392	/	4003.4725
	=	1.43

4. 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.

Penske Automotive Group'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 )
	=	4003.4725	/	6851.976
	=	0.58

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Penske Automotive Group Total Inventories Related Terms

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Penske Automotive Group (STU:UA9) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Penske Automotive Group Inc (STU:UA9) » Definitions » Total Inventories

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PAG:USA UA9:Germany

Address

2555 Telegraph Road, Bloomfield Hills, MI, USA, 48302-0954

Website

https://www.penskeautomotive.com

Penske Automotive Group operates in about 20 U.S. states and overseas. It has about 150 U.S. light-vehicle stores including in Puerto Rico as well as 189 franchised dealerships overseas, primarily in the United Kingdom. The company is the second-largest U.S.-based dealership in terms of light-vehicle revenue and sells more than 35 brands, with over 90% of retail automotive revenue coming from luxury and import names. Other services, in addition to new and used vehicles, are parts and repair and finance and insurance. The firm's Premier Truck Group owns 44 truck dealerships selling mostly Freightliner and Western Star brands, and Penske owns 20 CarShop used-vehicle stores in the U.S. and U.K. The company is based in Michigan and was called United Auto Group before changing its name in 2007.

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