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Linamar (Linamar) Days Inventory : 74.80 (As of Dec. 2023)


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What is Linamar Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Linamar's Average Total Inventories for the three months ended in Dec. 2023 was $1,304 Mil. Linamar's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,590 Mil. Hence, Linamar's Days Inventory for the three months ended in Dec. 2023 was 74.80.

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

LIMAF' s Days Inventory Range Over the Past 10 Years
Min: 42.31   Med: 60.21   Max: 72.6
Current: 71.55

During the past 13 years, Linamar's highest Days Inventory was 72.60. The lowest was 42.31. And the median was 60.21.

LIMAF's Days Inventory is ranked better than
57.55% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 81.295 vs LIMAF: 71.55

Linamar's Days Inventory increased from Dec. 2022 (74.55) to Dec. 2023 (74.80). It might indicate that Linamar's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Linamar's Inventory Turnover for the three months ended in Dec. 2023 was 1.22.

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. Linamar's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.71.


Linamar Days Inventory Historical Data

The historical data trend for Linamar'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.

Linamar Days Inventory Chart

Linamar Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only 62.83 66.39 62.91 69.42 72.20

Linamar 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 74.55 71.93 66.12 72.06 74.80

Competitive Comparison of Linamar's Days Inventory

For the Auto Parts subindustry, Linamar'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.


Linamar's Days Inventory Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where Linamar's Days Inventory falls into.



Linamar Days Inventory Calculation

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

Linamar'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
=( (1111.006 + 1369.011) / 2 ) / 6269.145*365
=1240.0085 / 6269.145*365
=72.20

Linamar'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
=( (1238.236 + 1369.011) / 2 ) / 1590.412*365 / 4
=1303.6235 / 1590.412*365 / 4
=74.80

* 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.


Linamar  (OTCPK:LIMAF) 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.

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

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.

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

* 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.


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.


Linamar Days Inventory Related Terms

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


Linamar (Linamar) Business Description

Traded in Other Exchanges
Address
287 Speedvale Avenue West, Guelph, ON, CAN, N1H 1C5
Linamar Corp is a diversified global manufacturing company of highly engineered products. The Company's Industrial segment operates the Skyjack and MacDon brands, It manufactures products for the Aerial Work Platform and Agricultural industries, respectively. The Mobility segment features vertically integrated operations to combine expertise in light metal casting, forging, machining and assembly of components and systems for electric and traditional vehicle applications. In addition, McLaren Engineering and eLIN Product Solutions Group provide design, development, and testing services for the Mobility segment.

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