Days Inventory is also known as Days Sales of Inventory (DSI). Caterpillar's Average Total Inventories for the
three
months ended in Dec. 2023 was $17,073 Mil. Caterpillar's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $11,304 Mil.
Hence, Caterpillar's Days Inventory for the
three
months ended in Dec. 2023 was 137.82.
The historical rank and industry rank for Caterpillar's Days Inventory or its related term are showing as below:
CAT'
s Days Inventory Range Over the Past 10 Years
Min: 104.25 Med: 116.91 Max: 143
Current: 143
During the past 13 years, Caterpillar's highest Days Inventory was 143.00. The lowest was 104.25. And the median was 116.91.
CAT's Days Inventory is ranked worse than 56.86% of 204
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 131.48
vs CAT: 143.00
Caterpillar's Days Inventory
increased
from Dec. 2022 (128.08) to Dec. 2023 (137.82).
It might indicate that Caterpillar's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Caterpillar's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.66.
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.
Caterpillar's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.00.
Caterpillar Days Inventory Historical Data
The historical data trend for Caterpillar'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.
Caterpillar Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
111.28
139.43
129.08
131.96
136.82
Caterpillar Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
128.08
149.89
142.72
148.37
137.82
Competitive Comparison
For the Farm & Heavy Construction Machinery subindustry, Caterpillar'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.
Caterpillar Days Inventory Distribution
For the Farm & Heavy Construction Machinery industry and Industrials sector, Caterpillar's Days Inventory distribution charts can be found below:
* The bar in red indicates where Caterpillar's Days Inventory falls into.
Caterpillar Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Caterpillar'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.
Caterpillar (NYSE:CAT) 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.
Caterpillar'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.
Caterpillar'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.
Caterpillar Days Inventory Related Terms
Thank you for viewing the detailed overview of Caterpillar's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Caterpillar is the premier manufacturer of heavy equipment, power solutions, and locomotives. It is currently the world's largest manufacturer of heavy equipment with over 13% market share in 2021. The company is divided into four reportable segments: construction industries, resource industries, energy and transportation, and Caterpillar Financial Services. Its products are available through a dealer network that covers the globe with about 2,700 branches maintained by 160 dealers. Caterpillar Financial Services provides retail financing for machinery and engines to its customers, in addition to wholesale financing for dealers, which increases the likelihood of Caterpillar product sales.
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