CT Automotive Group (LSE:CTA) Days Inventory : 97.24 (As of Jun. 2023)

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What is CT Automotive Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CT Automotive Group's Average Total Inventories for the six months ended in Jun. 2023 was £21.2 Mil. CT Automotive Group's Cost of Goods Sold for the six months ended in Jun. 2023 was £39.8 Mil. Hence, CT Automotive Group's Days Inventory for the six months ended in Jun. 2023 was 97.24.

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

LSE:CTA' s Days Inventory Range Over the Past 10 Years
Min: 93.74 Med: 125.42 Max: 147.06
Current: 101.67

During the past 5 years, CT Automotive Group's highest Days Inventory was 147.06. The lowest was 93.74. And the median was 125.42.

LSE:CTA's Days Inventory is ranked worse than
65.02% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 81.295 vs LSE:CTA: 101.67

CT Automotive Group's Days Inventory declined from Jun. 2022 (153.52) to Jun. 2023 (97.24).

Inventory Turnover measures how fast the company turns over its inventory within a year. CT Automotive Group's Inventory Turnover for the six months ended in Jun. 2023 was 1.88.

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. CT Automotive Group's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.39.

CT Automotive Group Days Inventory Historical Data

The historical data trend for CT Automotive Group'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.

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CT Automotive Group Days Inventory Chart

CT Automotive Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

125.42

140.56

147.06

116.04

93.74

CT Automotive Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial				136.14	145.86	153.52	98.71	97.24

Competitive Comparison of CT Automotive Group's Days Inventory

For the Auto Parts subindustry, CT Automotive Group'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.

CT Automotive Group's Days Inventory Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where CT Automotive Group's Days Inventory falls into.

CT Automotive Group Days Inventory Calculation

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

CT Automotive Group's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (23.691	+	22.448)	/	2 )	/	89.823	*	365
=	23.0695					/	89.823	*	365
=	93.74

CT Automotive Group's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (22.448	+	20.01)	/	2 )	/	39.843	*	365 / 2
=	21.229					/	39.843	*	365 / 2
=	97.24

CT Automotive Group (LSE:CTA) 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.

CT Automotive Group's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	39.843	/	21.229
	=	1.88

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.

CT Automotive Group's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	21.229	/	53.976
	=	0.39

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.

CT Automotive Group Days Inventory Related Terms

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

CT Automotive Group (LSE:CTA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » CT Automotive Group PLC (LSE:CTA) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

X7X:Germany

Address

1000 Lakeside North Harbour, Western Road, Portsmouth, Hampshire, GBR, PO6 3EN

Website

https://www.ct-automotive.net

CT Automotive Group PLC designs develops and supplies interior components for the automotive industry. Customers include a few original equipment manufacturers and Tier One suppliers to OEMs. The group has an international manufacturing footprint with the majority of the production across three sites in China with additional sites in the UK, Czech Republic, and Turkey, as well as an engineering design office in India.