Days Inventory is also known as Days Sales of Inventory (DSI). Tennant Co's Average Total Inventories for the
three
months ended in Dec. 2023 was $180 Mil. Tennant Co's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $181 Mil.
Hence, Tennant Co's Days Inventory for the
three
months ended in Dec. 2023 was 91.07.
The historical rank and industry rank for Tennant Co's Days Inventory or its related term are showing as below:
TNC'
s Days Inventory Range Over the Past 10 Years
Min: 57.3 Med: 73.85 Max: 99.83
Current: 98.83
During the past 13 years, Tennant Co's highest Days Inventory was 99.83. The lowest was 57.30. And the median was 73.85.
TNC's Days Inventory is ranked better than 61.64% of 2907
companies
in the Industrial Products industry
Industry Median: 119.85
vs TNC: 98.83
Tennant Co's Days Inventory
declined
from Dec. 2022 (105.42) to Dec. 2023 (91.07).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Tennant Co's Inventory Turnover for the
three
months 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
three
months ended in Dec. 2023 was 0.58.
Tennant Co Days Inventory Historical Data
The historical data trend for Tennant Co'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.
Competitive Comparison of Tennant Co's Days Inventory
For the Specialty Industrial Machinery subindustry, Tennant Co'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.
Tennant Co's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Tennant Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where Tennant Co's Days Inventory falls into.
Tennant Co Days Inventory Calculation
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 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.
Tennant Co (NYSE:TNC) 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.
Tennant Co'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.
Tennant Co'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.
Tennant Co Days Inventory Related Terms
Thank you for viewing the detailed overview of Tennant Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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