CAR Group (ASX:CAR) Days Inventory : 15.72 (As of Dec. 2023)

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What is CAR Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). CAR Group's Average Total Inventories for the six months ended in Dec. 2023 was A$2.7 Mil. CAR Group's Cost of Goods Sold for the six months ended in Dec. 2023 was A$31.4 Mil. Hence, CAR Group's Days Inventory for the six months ended in Dec. 2023 was 15.72.

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

ASX:CAR' s Days Inventory Range Over the Past 10 Years
Min: 10.43 Med: 18.02 Max: 23.96
Current: 16.2

During the past 13 years, CAR Group's highest Days Inventory was 23.96. The lowest was 10.43. And the median was 18.02.

ASX:CAR's Days Inventory is ranked better than
51.25% of 240 companies
in the Interactive Media industry
Industry Median: 18.305 vs ASX:CAR: 16.20

CAR Group's Days Inventory declined from Dec. 2022 (20.19) to Dec. 2023 (15.72).

Inventory Turnover measures how fast the company turns over its inventory within a year. CAR Group's Inventory Turnover for the six months ended in Dec. 2023 was 11.61.

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. CAR Group's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.01.

CAR Group Days Inventory Historical Data

The historical data trend for CAR 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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CAR Group Days Inventory Chart

CAR Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

Get a 7-Day Free Trial

22.08

23.51

17.17

CAR Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial															16.53	18.97	20.19	15.69	15.72

Competitive Comparison of CAR Group's Days Inventory

For the Internet Content & Information subindustry, CAR 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.

CAR Group's Days Inventory Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, CAR Group's Days Inventory distribution charts can be found below:

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

CAR Group Days Inventory Calculation

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

CAR Group's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (3.222	+	2.475)	/	2 )	/	60.538	*	365
=	2.8485					/	60.538	*	365
=	17.17

CAR Group'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: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.475	+	2.928)	/	2 )	/	31.368	*	365 / 2
=	2.7015					/	31.368	*	365 / 2
=	15.72

CAR Group (ASX:CAR) 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.

CAR Group's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	31.368	/	2.7015
	=	11.61

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.

CAR Group's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2.7015	/	530.964
	=	0.01

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.

CAR Group Days Inventory Related Terms

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

CAR Group (ASX:CAR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » CAR Group Ltd (ASX:CAR) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

CSXXY:USA

Address

449 Punt Road, Level 4, Richmond, VIC, AUS, 3121

Website

https://www.cargroup.com

CAR Group is a technology company operating in the motor vehicles sector. CAR Group's primary business is its Australian online marketplace for automotive, www.carsales.com.au. It is the dominant online automotive marketplace in Australia, at around nine times total time spent compared with its nearest competitor. CAR Group also owns and operates businesses in various geographic, category and product adjacencies, including online marketplaces for automotive in South Korea and Latin America, nonautomotive online marketplaces in Australia and the United States, and data and replacement parts businesses.