Iochpe-Maxion (Iochpe-Maxion) Days Inventory : 69.51 (As of Dec. 2023)

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What is Iochpe-Maxion Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Iochpe-Maxion's Average Total Inventories for the three months ended in Dec. 2023 was $482 Mil. Iochpe-Maxion's Cost of Goods Sold for the three months ended in Dec. 2023 was $633 Mil. Hence, Iochpe-Maxion's Days Inventory for the three months ended in Dec. 2023 was 69.51.

The historical rank and industry rank for Iochpe-Maxion's Days Inventory or its related term are showing as below:

IOCJY' s Days Inventory Range Over the Past 10 Years
Min: 45.99 Med: 56.05 Max: 74.05
Current: 67.44

During the past 13 years, Iochpe-Maxion's highest Days Inventory was 74.05. The lowest was 45.99. And the median was 56.05.

IOCJY's Days Inventory is ranked better than
60.7% of 1257 companies
in the Vehicles & Parts industry
Industry Median: 81.77 vs IOCJY: 67.44

Iochpe-Maxion's Days Inventory increased from Dec. 2022 (67.13) to Dec. 2023 (69.51). It might indicate that Iochpe-Maxion's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Iochpe-Maxion's Inventory Turnover for the three months ended in Dec. 2023 was 1.31.

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. Iochpe-Maxion's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.68.

Iochpe-Maxion Days Inventory Historical Data

The historical data trend for Iochpe-Maxion'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.

Iochpe-Maxion Days Inventory Chart

Iochpe-Maxion Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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57.33

73.98

76.61

67.90

65.41

Iochpe-Maxion Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															67.13	65.16	65.01	67.79	69.51

Competitive Comparison of Iochpe-Maxion's Days Inventory

For the Auto Parts subindustry, Iochpe-Maxion'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.

Iochpe-Maxion's Days Inventory Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Iochpe-Maxion's Days Inventory distribution charts can be found below:

* The bar in red indicates where Iochpe-Maxion's Days Inventory falls into.

Iochpe-Maxion Days Inventory Calculation

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

Iochpe-Maxion'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
=	( (513.101	+	470.571)	/	2 )	/	2744.392	*	365
=	491.836					/	2744.392	*	365
=	65.41

Iochpe-Maxion's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (494.373	+	470.571)	/	2 )	/	633.345	*	365 / 4
=	482.472					/	633.345	*	365 / 4
=	69.51

Iochpe-Maxion (OTCPK:IOCJY) 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.

Iochpe-Maxion's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	633.345	/	482.472
	=	1.31

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.

Iochpe-Maxion's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	482.472	/	710.948
	=	0.68

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.

Iochpe-Maxion Days Inventory Related Terms

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

Iochpe-Maxion (Iochpe-Maxion) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Iochpe-Maxion SA (OTCPK:IOCJY) » Definitions » Days Inventory

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MYPK3:Brazil

Address

Rua Dr. Othon Barcellos, 83, Cruzeiro, SP, BRA

Website

https://www.iochpe-maxion.com.br

Iochpe-Maxion SA is a Brazilian company involved in the manufacturing of automobile parts. Its core business is the production of wheels and structural components for light and commercial vehicles and equipment for railways. The company is a world leader in the production of automotive wheels. It has nearly 30 manufacturing facilities located globally and has customers worldwide and operates through three divisions; Maxion Wheels, Maxion Structural Components, and Amsted-Maxion. Maxion Wheels produces and markets a wide range of steel wheels, Maxion Structural Components, we produce struts, sleepers, and chassis assembled for light vehicles and Amsted-Maxion produces freight wagons, railway wheels and castings.