Switch to:
Titanium Metals Corporation (NYSE:TIE)
Days Inventory
370.67 (As of Sep. 2012)

Titanium Metals Corporation's inventory for the six months ended in Sep. 2012 was \$845 Mil. Titanium Metals Corporation's cost of goods sold for the six months ended in Sep. 2012 was \$207 Mil. Hence, Titanium Metals Corporation's days inventory for the six months ended in Sep. 2012 was 370.67.

Titanium Metals Corporation's days inventory increased from Mar. 2012 (308.10) to Sep. 2012 (370.67). It might indicate that Titanium Metals Corporation's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Titanium Metals Corporation's days sales of inventory (DSI) for the six months ended in Sep. 2012 was 298.32.

Inventory turnover measures how fast the company turns over its inventory within a year. Titanium Metals Corporation's inventory turnover for the six months ended in Sep. 2012 was 0.25.

Inventory to revenue ratio 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. Titanium Metals Corporation's inventory to revenue ratio for the six months ended in Sep. 2012 was 3.28.

Definition

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

Titanium Metals Corporation's Days Inventory for the fiscal year that ended in Dec. 2011 is calculated as

 Days Inventory = Inventory / Cost of Goods Sold * Days in Period = 677.5 / 821.6 * 365 = 300.98

Titanium Metals Corporation's Days Inventory for the quarter that ended in Sep. 2012 is calculated as:

 Days Inventory = Inventory / Cost of Goods Sold * Days in Period = 844.8 / 207.4 * 91 = 370.67

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

Titanium Metals Corporation's Days Sales of Inventory for the six months ended in Sep. 2012 is calculated as

 Days Sales of Inventory (DSI) = Inventory / Revenue * Days in Period = 844.8 / 257.7 * 91 = 298.32

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

Titanium Metals Corporation's Inventory Turnover for the six months ended in Sep. 2012 is calculated as

 Inventory Turnover = Cost of Goods Sold / Average Inventory = 207.4 / 844.8 = 0.25

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.

Titanium Metals Corporation's Inventory to Revenue for the six months ended in Sep. 2012 is calculated as

 Inventory to Revenue = Inventory / Revenue = 844.8 / 257.7 = 3.28

* All numbers are in millions except for per share data and ratio. All numbers are in their own 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.

Related Terms

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Titanium Metals Corporation Annual Data

 Dec02 Dec03 Dec04 Dec05 Dec06 Dec07 Dec08 Dec09 Dec10 Dec11 DaysInventory 179.66 164.25 189.56 242.51 245.03 247.01 240.73 262.74 253.25 300.98

Titanium Metals Corporation Semi-Annual Data

 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 DaysInventory 224.79 253.69 256.95 228.66 240.75 258.17 306.42 308.10 327.26 370.67
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)