Thomson Reuters (Thomson Reuters) Days Inventory

: 3.03 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Thomson Reuters's Average Total Inventories for the three months ended in Dec. 2023 was $20 Mil. Thomson Reuters's Cost of Goods Sold for the three months ended in Dec. 2023 was $603 Mil. Hence, Thomson Reuters's Days Inventory for the three months ended in Dec. 2023 was 3.03.

The historical rank and industry rank for Thomson Reuters's Days Inventory or its related term are showing as below:

TRI' s Days Inventory Range Over the Past 10 Years
Min: 2.83 Med: 3.99 Max: 5.27
Current: 5.27

During the past 13 years, Thomson Reuters's highest Days Inventory was 5.27. The lowest was 2.83. And the median was 3.99.

TRI's Days Inventory is ranked better than
76.36% of 681 companies
in the Business Services industry
Industry Median: 29.27 vs TRI: 5.27

Thomson Reuters's Days Inventory declined from Dec. 2022 (4.22) to Dec. 2023 (3.03).

Inventory Turnover measures how fast the company turns over its inventory within a year. Thomson Reuters's Inventory Turnover for the three months ended in Dec. 2023 was 30.15.

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. Thomson Reuters's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.01.

Thomson Reuters Days Inventory Historical Data

The historical data trend for Thomson Reuters'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.

* Premium members only.

Thomson Reuters Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

4.20

3.94

3.98

4.32

3.89

Thomson Reuters Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																4.22	-	-	-	3.03

Competitive Comparison

For the Specialty Business Services subindustry, Thomson Reuters'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.

Thomson Reuters Days Inventory Distribution

For the Business Services industry and Industrials sector, Thomson Reuters's Days Inventory distribution charts can be found below:

* The bar in red indicates where Thomson Reuters's Days Inventory falls into.

Thomson Reuters Days Inventory Calculation

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

Thomson Reuters's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (29	+	20)	/	2 )	/	2296	*	365
=	24.5					/	2296	*	365
=	3.89

Thomson Reuters's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	20)	/	1 )	/	603	*	365 / 4
=	20					/	603	*	365 / 4
=	3.03

Thomson Reuters (NYSE:TRI) 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.

Thomson Reuters's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	603	/	20
	=	30.15

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.

Thomson Reuters's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	20	/	1815
	=	0.01

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.

Thomson Reuters Days Inventory Related Terms

Thank you for viewing the detailed overview of Thomson Reuters's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Thomson Reuters (Thomson Reuters) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

TOC:Germany TRI.PR.B.PFD:Canada TRI:Canada

Address

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Website

https://www.thomsonreuters.com

Thomson Reuters is the result of the $17.6 billion megamerger of Canada's Thomson and the United Kingdom's Reuters Group in 2008. In 2021, Thomson Reuters completed the sale of Refinitiv to LSE Group. Thomson Reuters' three largest segments are its legal professionals, Tax and accounting, and corporates segments. Legal professionals is about 42% of the firm's revenue and 47% of the firm's adjusted EBITDA. Tax and accounting makes up about 20%-25% of the firm's revenue and EBITDA. Corporates, which consists of legal professionals and tax and accounting products sold to corporations, also makes up about 20%-25% of the firm's revenue and EBITDA. Thomson Reuters' smaller segments include its Reuters news business and global print business.