Days Inventory is also known as Days Sales of Inventory (DSI). Titan Machinery's Average Total Inventories for the
three
months ended in Jan. 2024 was $1,187 Mil. Titan Machinery's Cost of Goods Sold for the
three
months ended in Jan. 2024 was $711 Mil.
Hence, Titan Machinery's Days Inventory for the
three
months ended in Jan. 2024 was 152.33.
The historical rank and industry rank for Titan Machinery's Days Inventory or its related term are showing as below:
TITN'
s Days Inventory Range Over the Past 10 Years
Min: 111.18 Med: 174.14 Max: 245.01
Current: 160.99
During the past 13 years, Titan Machinery's highest Days Inventory was 245.01. The lowest was 111.18. And the median was 174.14.
TITN's Days Inventory is ranked worse than 82.39% of 142
companies
in the Industrial Distribution industry
Industry Median: 87.29
vs TITN: 160.99
Titan Machinery's Days Inventory
increased
from Jan. 2023 (128.40) to Jan. 2024 (152.33).
It might indicate that Titan Machinery's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Titan Machinery's Inventory Turnover for the
three
months ended in Jan. 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.
Titan Machinery's Inventory-to-Revenue for the
three
months ended in Jan. 2024 was 1.39.
Titan Machinery Days Inventory Historical Data
The historical data trend for Titan Machinery'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 Industrial Distribution subindustry, Titan Machinery'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.
Titan Machinery Days Inventory Distribution
For the Industrial Distribution industry and Industrials sector, Titan Machinery's Days Inventory distribution charts can be found below:
* The bar in red indicates where Titan Machinery's Days Inventory falls into.
Titan Machinery Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Titan Machinery's Days Inventory for the fiscal year that ended in Jan. 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.
Titan Machinery (NAS:TITN) 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.
Titan Machinery's Inventory Turnover for the
three
months ended in Jan. 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.
Titan Machinery's Inventory to Revenue for the
three
months ended in Jan. 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.
Titan Machinery Days Inventory Related Terms
Thank you for viewing the detailed overview of Titan Machinery's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Titan Machinery (Titan Machinery) Business Description
Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. The company sells and repairs agricultural equipment, including machinery and attachments for large-scale farming and home and gardening purposes, as well as construction equipment. It operates through the following segments: The Agriculture segment sells, services, and rents machinery and related parts and attachments, for uses ranging from large-scale farming to home and garden use, The construction segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from heavy construction to light industrial machinery use, and the International segment sells services, rents machinery, and related parts.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TITN has been successfully added to your 