Days Inventory is also known as Days Sales of Inventory (DSI). CarMax's Average Total Inventories for the
three
months ended in Feb. 2024 was $3,659 Mil. CarMax's Cost of Goods Sold for the
three
months ended in Feb. 2024 was $5,040 Mil.
Hence, CarMax's Days Inventory for the
three
months ended in Feb. 2024 was 66.23.
The historical rank and industry rank for CarMax's Days Inventory or its related term are showing as below:
KMX'
s Days Inventory Range Over the Past 10 Years
Min: 52.82 Med: 56.3 Max: 66.12
Current: 58.11
During the past 13 years, CarMax's highest Days Inventory was 66.12. The lowest was 52.82. And the median was 56.30.
KMX's Days Inventory is ranked better than 69.16% of 1258
companies
in the Vehicles & Parts industry
Industry Median: 82.23
vs KMX: 58.11
CarMax's Days Inventory
increased
from Feb. 2023 (63.74) to Feb. 2024 (66.23).
It might indicate that CarMax's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
CarMax's Inventory Turnover for the
three
months ended in Feb. 2024 was 1.38.
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.
CarMax's Inventory-to-Revenue for the
three
months ended in Feb. 2024 was 0.65.
CarMax Days Inventory Historical Data
The historical data trend for CarMax'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.
CarMax Annual Data
Trend
Feb15
Feb16
Feb17
Feb18
Feb19
Feb20
Feb21
Feb22
Feb23
Feb24
Days Inventory
55.65
66.12
52.82
60.08
56.72
CarMax Quarterly Data
May19
Aug19
Nov19
Feb20
May20
Aug20
Nov20
Feb21
May21
Aug21
Nov21
Feb22
May22
Aug22
Nov22
Feb23
May23
Aug23
Nov23
Feb24
Days Inventory
63.74
51.85
56.67
61.64
66.23
Competitive Comparison
For the Auto & Truck Dealerships subindustry, CarMax'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.
CarMax Days Inventory Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, CarMax's Days Inventory distribution charts can be found below:
* The bar in red indicates where CarMax's Days Inventory falls into.
CarMax Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
CarMax's Days Inventory for the fiscal year that ended in Feb. 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.
CarMax (NYSE:KMX) 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.
CarMax's Inventory Turnover for the
three
months ended in Feb. 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.
CarMax's Inventory to Revenue for the
three
months ended in Feb. 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.
CarMax Days Inventory Related Terms
Thank you for viewing the detailed overview of CarMax's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
CarMax sells, finances, and services used and new cars through a chain of about 240 used retail stores. It was formed in 1993 as a unit of Circuit City and spun off into an independent company in late 2002. Used-vehicle sales typically account for about 83% of revenue (78% in fiscal 2023 due to the chip shortage) and wholesale about 13% (20% in fiscal 2023), with the remaining portion composed of extended service plans and repair. In fiscal 2023, the company retailed and wholesaled 807,823, and 585,071 used vehicles, respectively. CarMax is the largest used-vehicle retailer in the U.S. but still estimates that it has only about 4% U.S. market share of vehicles 0-10 years old in 2022. It seeks over 5% share by the end of calendar 2025. CarMax is based in Richmond, Virginia.
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