Movida Participacoes (BSP:MOVI3) Days Inventory : 0.00 (As of Dec. 2023)

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What is Movida Participacoes Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Movida Participacoes's Average Total Inventories for the three months ended in Dec. 2023 was R$0 Mil. Movida Participacoes's Cost of Goods Sold for the three months ended in Dec. 2023 was R$2,246 Mil. Hence, Movida Participacoes's Days Inventory for the three months ended in Dec. 2023 was 0.00.

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

BSP:MOVI3's Days Inventory is not ranked ^*
in the Business Services industry.
Industry Median: 29.67
* Ranked among companies with meaningful Days Inventory only.

Movida Participacoes's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

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. Movida Participacoes's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.00.

Movida Participacoes Days Inventory Historical Data

The historical data trend for Movida Participacoes'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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Movida Participacoes Days Inventory Chart

Movida Participacoes Annual Data

Trend

Dec14

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Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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Movida Participacoes Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Inventory	Get a 7-Day Free Trial															-	-	-	-	-

Competitive Comparison of Movida Participacoes's Days Inventory

For the Rental & Leasing Services subindustry, Movida Participacoes'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.

Movida Participacoes's Days Inventory Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Movida Participacoes's Days Inventory distribution charts can be found below:

* The bar in red indicates where Movida Participacoes's Days Inventory falls into.

Movida Participacoes Days Inventory Calculation

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

Movida Participacoes's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	7573.494	*	365
=	0					/	7573.494	*	365
=	0.00

Movida Participacoes'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: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	2246.16	*	365 / 4
=	0					/	2246.16	*	365 / 4
=	0.00

Movida Participacoes (BSP:MOVI3) 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.

Movida Participacoes's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2246.16	/	0
	=

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.

Movida Participacoes's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	2493.445
	=	0.00

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.

Movida Participacoes Days Inventory Related Terms

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

Movida Participacoes (BSP:MOVI3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Movida Participacoes SA (BSP:MOVI3) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Renato Paes de Barros street, 9th floor, Sao Paulo, SP, BRA, 04530-001

Website

https://www.movida.com.br/

Movida Participacoes SA through its subsidiaries is engaged in car rental activities in Brazil. The business activities of the group function through Rent a Car (RAC) and light vehicle fleet management and outsourcing segments. The Rent a car segment is responsible for car rental in stores located inside and outside airports, and Fleet Management and Outsourcing segment provides car rental services signed through long-term contracts with corporate clients. In addition, the group is also involved in the sale of used cars. Geographically activities are carried out in Brazil and the company derives revenue from rental activities.

Movida Participacoes (BSP:MOVI3) Headlines

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