Tennant Co (Tennant Co) Change In Inventory : $14 Mil (TTM As of Dec. 2023)

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What is Tennant Co Change In Inventory?

Tennant Co's change in inventory for the quarter that ended in Dec. 2023 was $11 Mil. It means Tennant Co's inventory declined by $11 Mil from Sep. 2023 to Dec. 2023 .

Tennant Co's change in inventory for the fiscal year that ended in Dec. 2023 was $14 Mil. It means Tennant Co's inventory declined by $14 Mil from Dec. 2022 to Dec. 2023 .

Tennant Co's Total Inventories for the quarter that ended in Dec. 2023 was $176 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tennant Co's Days Inventory for the quarter that ended in Dec. 2023 was 91.07.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tennant Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.00.

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. Tennant Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.58.

Tennant Co Change In Inventory Historical Data

The historical data trend for Tennant Co's Change In 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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Tennant Co Change In Inventory Chart

Tennant Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-17.80

18.30

-56.00

-68.30

14.30

Tennant Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-2.80	-1.50	0.20	4.80	10.80

Tennant Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $14 Mil.

Tennant Co (NYSE:TNC) Change In Inventory Explanation

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

Tennant Co's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	180.25	/	180.6	*	365 / 4
	=	91.07

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

Tennant Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	180.6	/	180.25
	=	1.00

3. 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.

Tennant Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	180.25	/	311.4
	=	0.58

Tennant Co Change In Inventory Related Terms

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Tennant Co (Tennant Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tennant Co (NYSE:TNC) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

TN1:Germany

Address

10400 Clean Street, Eden Prairie, MN, USA, 55344

Website

https://www.tennantco.com

Tennant Co is a manufacturer of floor cleaning equipment, wood flooring, and wood products. It operates in four geographic business units including North America; Latin America; Europe, Middle East, Africa; and Asia Pacific. The company offers products and solutions consisting of mechanized cleaning equipment, detergent-free, and other sustainable cleaning technologies, aftermarket parts and consumables, equipment maintenance and repair service, specialty surface coatings, and business solutions such as financing, rental and leasing programs, and machine-to-machine asset management solutions.

Executives

Kristin A. Stokes	officer: Interim General Counsel	701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Donal L Mulligan	director	ONE GENERAL MILLS BLVD, MINNEAPOLIS MN 55426
Steven Alan Sonnenberg	director	EMERSON PROCESS MANAGEMENT - ROSEMOUNT, 8200 MARKET BOULEVARD, CHANHASSEN MN 55317
David W. Huml	officer: Sr. VP, Global Marketing	701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Richard H. Zay	officer: Senior VP, The Americas	701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Carol E. Mcknight	officer: Senior VP and CAO	701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Azita Arvani	director	1522 LOMA DRIVE, HERMOSA BEACH CA 90254
Carol S Eicher	director	ROHM AND HAAS COMPANY, 100 INDEPENDENCE MALL WEST, PHILADELPHIA PA 19106
Andrew P. Hider	director	10400 CLEAN STREET, EDEN PRARIE MN 55344
Chris Killingstad	director, officer: President and CEO	C/O TENNANT COMPANY, 701 N. LILAC DRIVE, MINNEAPOLIS MN 55422
Fay West	officer: Senior VP, CFO	1011 WARRENVILLE ROAD, SUITE 600, LISLE IL 60532
Barb Balinski	officer: SVP, Innovation & Technology	10400 CLEAN STREET, EDEN PRAIRIE MN 55344
Timothy R. Morse	director	C/O YAHOO! INC., 701 FIRST AVENUE, SUNNYVALE CA 94089
David S Wichmann	director	BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752
Daniel E. Glusick	officer: SVP, Operations	10400 CLEAN STREET, EDEN PRAIRIE MN 55344-2650