Days Inventory is also known as Days Sales of Inventory (DSI). Volvo Car AB's Average Total Inventories for the
three
months ended in Mar. 2024 was kr64,871 Mil. Volvo Car AB's Cost of Goods Sold for the
three
months ended in Mar. 2024 was kr75,806 Mil.
Hence, Volvo Car AB's Days Inventory for the
three
months ended in Mar. 2024 was 78.09.
The historical rank and industry rank for Volvo Car AB's Days Inventory or its related term are showing as below:
OSTO:VOLCAR B'
s Days Inventory Range Over the Past 10 Years
Min: 56.52 Med: 60.18 Max: 67.67
Current: 67.67
During the past 6 years, Volvo Car AB's highest Days Inventory was 67.67. The lowest was 56.52. And the median was 60.18.
OSTO:VOLCAR B's Days Inventory is ranked better than 60.33% of 1258
companies
in the Vehicles & Parts industry
Industry Median: 81.39
vs OSTO:VOLCAR B: 67.67
Volvo Car AB's Days Inventory
increased
from Mar. 2023 (56.75) to Mar. 2024 (78.09).
It might indicate that Volvo Car AB's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Volvo Car AB's Inventory Turnover for the
three
months ended in Mar. 2024 was 1.17.
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.
Volvo Car AB's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.69.
Volvo Car AB Days Inventory Historical Data
The historical data trend for Volvo Car AB'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.
Competitive Comparison of Volvo Car AB's Days Inventory
For the Auto Manufacturers subindustry, Volvo Car AB'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.
Volvo Car AB's Days Inventory Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Volvo Car AB's Days Inventory distribution charts can be found below:
* The bar in red indicates where Volvo Car AB's Days Inventory falls into.
Volvo Car AB Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Volvo Car AB's Days Inventory for the fiscal year that 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.
Volvo Car AB (OSTO:VOLCAR B) 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.
Volvo Car AB's Inventory Turnover for the
three
months ended in Mar. 2024 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.
Volvo Car AB's Inventory to Revenue for the
three
months ended in Mar. 2024 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.
Volvo Car AB Days Inventory Related Terms
Thank you for viewing the detailed overview of Volvo Car AB's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Volvo Car AB manufactures, designs, and supplies automobiles. The company offers a wide range of cars. Geographically, it derives a majority of its revenue from China and also has a presence in the US; Sweden; Germany; United Kingdom; Japan, and South Korea. It generates maximum revenue from the sale of new cars.
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