Days Inventory is also known as Days Sales of Inventory (DSI). AGCO's Average Total Inventories for the
three
months ended in Mar. 2024 was €3,317 Mil. AGCO's Cost of Goods Sold for the
three
months ended in Mar. 2024 was €1,986 Mil.
Hence, AGCO's Days Inventory for the
three
months ended in Mar. 2024 was 152.40.
The historical rank and industry rank for AGCO's Days Inventory or its related term are showing as below:
FRA:AGJ'
s Days Inventory Range Over the Past 10 Years
Min: 89.77 Med: 97.7 Max: 130.37
Current: 130.37
During the past 13 years, AGCO's highest Days Inventory was 130.37. The lowest was 89.77. And the median was 97.70.
FRA:AGJ's Days Inventory is ranked better than 51.47% of 204
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 131.845
vs FRA:AGJ: 130.37
AGCO's Days Inventory
increased
from Mar. 2023 (126.40) to Mar. 2024 (152.40).
It might indicate that AGCO's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
AGCO's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.60.
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.
AGCO's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 1.23.
AGCO Days Inventory Historical Data
The historical data trend for AGCO'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.
For the Farm & Heavy Construction Machinery subindustry, AGCO'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.
AGCO's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, AGCO's Days Inventory distribution charts can be found below:
* The bar in red indicates where AGCO's Days Inventory falls into.
AGCO Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
AGCO'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.
AGCO (FRA:AGJ) 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.
AGCO's Inventory Turnover for the
three
months ended in Mar. 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.
AGCO's Inventory to Revenue for the
three
months ended in Mar. 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.
AGCO Days Inventory Related Terms
Thank you for viewing the detailed overview of AGCO's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Agco is a global manufacturer of agricultural equipment. The company has five core brands: Fendt, Massey Ferguson, Challenger, Valtra, and GSI. Unlike its competitors, Agco's product line extends beyond self-propelled equipment and implements to grain handling systems and livestock management solutions. Its products are available through a global dealer network, which includes over 3,200 dealer and distribution locations. Agco offers retail and wholesale financing to customers through its joint venture with Rabobank, a European food- and agriculture-focused bank.
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