Days Inventory is also known as Days Sales of Inventory (DSI). CarGurus's Average Total Inventories for the
three
months ended in Dec. 2023 was $0.3 Mil. CarGurus's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $55.1 Mil.
Hence, CarGurus's Days Inventory for the
three
months ended in Dec. 2023 was 0.54.
The historical rank and industry rank for CarGurus's Days Inventory or its related term are showing as below:
CARG'
s Days Inventory Range Over the Past 10 Years
Min: 2.25 Med: 4.56 Max: 24.4
Current: 2.25
During the past 9 years, CarGurus's highest Days Inventory was 24.40. The lowest was 2.25. And the median was 4.56.
CARG's Days Inventory is ranked better than 99.36% of 1258
companies
in the Vehicles & Parts industry
Industry Median: 81.295
vs CARG: 2.25
CarGurus's Days Inventory
declined
from Dec. 2022 (10.19) to Dec. 2023 (0.54).
Inventory Turnover measures how fast the company turns over its inventory within a year.
CarGurus's Inventory Turnover for the
three
months ended in Dec. 2023 was 168.46.
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.
CarGurus's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.00.
CarGurus Days Inventory Historical Data
The historical data trend for CarGurus'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 CarGurus's Days Inventory
For the Auto & Truck Dealerships subindustry, CarGurus'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.
CarGurus's Days Inventory Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, CarGurus's Days Inventory distribution charts can be found below:
* The bar in red indicates where CarGurus's Days Inventory falls into.
CarGurus Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
CarGurus'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.
CarGurus (NAS:CARG) 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.
CarGurus'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.
CarGurus'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.
CarGurus Days Inventory Related Terms
Thank you for viewing the detailed overview of CarGurus's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
CarGurus Inc is a company that acts as an online automotive marketplace connecting buyers and sellers of new and used cars. The company provides three types of marketplace Listing products, Restricted Listings, and Enhanced or Featured Listing through which it offers real-time and historical data analyzing the connections and pricing analysis. It also provides all dealers with a web widget to place Deal Rating Badges, which show deal rating. The listing platforms offer auto manufacturers and others to buy advertising on the company's site and target consumers based on the make, model, and zip code of the cars. The company operates through two geographical segments namely United States and the International. It generates majority of revenue from the United States.
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