Days Inventory is also known as Days Sales of Inventory (DSI). Tootsie Roll Industries's Average Total Inventories for the
three
months ended in Dec. 2023 was $101.3 Mil. Tootsie Roll Industries's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $128.5 Mil.
Hence, Tootsie Roll Industries's Days Inventory for the
three
months ended in Dec. 2023 was 71.88.
The historical rank and industry rank for Tootsie Roll Industries's Days Inventory or its related term are showing as below:
TR'
s Days Inventory Range Over the Past 10 Years
Min: 56.16 Med: 63.31 Max: 76.34
Current: 76.34
During the past 13 years, Tootsie Roll Industries's highest Days Inventory was 76.34. The lowest was 56.16. And the median was 63.31.
TR's Days Inventory is ranked better than 53.98% of 1786
companies
in the Consumer Packaged Goods industry
Industry Median: 82.22
vs TR: 76.34
Tootsie Roll Industries's Days Inventory
increased
from Dec. 2022 (63.91) to Dec. 2023 (71.88).
It might indicate that Tootsie Roll Industries's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Tootsie Roll Industries's Inventory Turnover for the
three
months ended in Dec. 2023 was 1.27.
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.
Tootsie Roll Industries's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.51.
Tootsie Roll Industries Days Inventory Historical Data
The historical data trend for Tootsie Roll Industries'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 Confectioners subindustry, Tootsie Roll Industries'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.
Tootsie Roll Industries Days Inventory Distribution
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tootsie Roll Industries's Days Inventory distribution charts can be found below:
* The bar in red indicates where Tootsie Roll Industries's Days Inventory falls into.
Tootsie Roll Industries Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Tootsie Roll Industries'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.
Tootsie Roll Industries (NYSE:TR) 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.
Tootsie Roll Industries'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.
Tootsie Roll Industries'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.
Tootsie Roll Industries Days Inventory Related Terms
Thank you for viewing the detailed overview of Tootsie Roll Industries's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Tootsie Roll Industries (Tootsie Roll Industries) Business Description
Tootsie Roll Industries Inc manufactures and sells candy products. Notable varieties include Tootsie Roll and Tootsie Pops, Charms, Blow-Pops, Dots, Junior Mints, Sugar Daddy and Sugar Babies, Andes, Dubble Bubble, and Razzles. The company sells its products to wholesale distributors and directly to retail stores. Geographically, it generates a majority of its revenue from the United States.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TR has been successfully added to your 