Titan International (Titan International) Change In Inventory : $32 Mil (TTM As of Dec. 2023)

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What is Titan International Change In Inventory?

Titan International's change in inventory for the quarter that ended in Dec. 2023 was $-1 Mil. It means Titan International's inventory increased by $1 Mil from Sep. 2023 to Dec. 2023 .

Titan International's change in inventory for the fiscal year that ended in Dec. 2023 was $32 Mil. It means Titan International's inventory declined by $32 Mil from Dec. 2022 to Dec. 2023 .

Titan International's Total Inventories for the quarter that ended in Dec. 2023 was $365 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Titan International's Days Inventory for the quarter that ended in Dec. 2023 was 99.71.

Inventory Turnover measures how fast the company turns over its inventory within a year. Titan International's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.92.

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. Titan International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.93.

Titan International Change In Inventory Historical Data

The historical data trend for Titan International'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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Titan International Change In Inventory Chart

Titan International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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63.65

37.75

-112.85

-19.60

31.64

Titan International 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															24.58	11.49	12.61	8.10	-0.56

Titan International 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 $32 Mil.

Titan International (NYSE:TWI) Change In Inventory Explanation

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

Titan International's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	362.649	/	331.875	*	365 / 4
	=	99.71

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	331.875	/	362.649
	=	0.92

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	362.649	/	390.199
	=	0.93

Titan International Change In Inventory Related Terms

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Titan International (Titan International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Titan International Inc (NYSE:TWI) » Definitions » Change In Inventory

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Traded in Other Exchanges

TZ4:Germany

Address

1525 Kautz Road, Suite 600, West Chicago, IL, USA, 60185

Website

https://www.titan-intl.com

Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Europe / CIS, Latin America and Other international. Titan derives most of the revenue from Agricultural segment which manufacture various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan's own distribution centers.

Executives

Max A Guinn	director	DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Michael G Troyanovich	officer: Secretary&Asst General Counsel	2701 SPRUCE STREET, QUINCY IL 62301
Anthony Eheli	officer: VP, Chief Accounting Officer	2701 SPRUCE STREET, QUINCY IL 62301
Taylor Maurice M Jr	director, officer: President & CEO	2701 SPRUCE STREET, QUINCY IL 62301
Paul G Reitz	officer: Chief Financial Officer	1301 FIRST AVENUE, COLUMBUS GA 31901
Laura K Thompson	director	200 INNOVATION WAY, AKRON OH 44316
Gary L Cowger	director	5725 DELPHI DRIVE, TROY MI 48098
Mhr Institutional Advisors Iii Llc	10 percent owner	40 WEST 57 STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Institutional Partners Iii Lp	10 percent owner	40 WEST 57TH STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Holdings Llc	10 percent owner	40 WEST 57TH STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Fund Management Llc	10 percent owner	1345 AVENUE OF THE AMERICAS,, 42ND FLOOR, NEW YORK NY 10105
David A Martin	officer: Chief Financial Officer	C/O TITAN INTERNATIONAL, INC., 2701 SPRUCE STREET, QUINCY IL 62301
Amy S Evans	officer: Interim CFO	2701 SPRUCE STREET, QUINCY IL 62301
James M Froisland	officer: Interim CFO	385 PERSIMMON DRIVE, ST. CHARLES IL 60174
Anthony L Soave	director	C/O TITAN INTERNATIONAL CORP, 2701 SPRUCE STREET, QUINCY IL 62301