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Toro Co (NYSE:TTC)
Days Inventory
82.64 (As of Jul. 2016)

Toro Co's average inventory for the three months ended in Jul. 2016 was $348 Mil. Toro Co's cost of goods sold for the three months ended in Jul. 2016 was $384 Mil. Hence, Toro Co's days inventory for the three months ended in Jul. 2016 was 82.64.

TTC' s Days Inventory Range Over the Past 10 Years
Min: 60.73   Max: 85.82
Current: 85.82

60.73
85.82

During the past 13 years, Toro Co's highest Days Inventory was 85.82. The lowest was 60.73. And the median was 68.18.

TTC's Days Inventory is ranked higher than
57% of the 1749 Companies
in the Global Tools & Accessories industry.

( Industry Median: 97.68 vs. TTC: 85.82 )

Toro Co's days inventory increased from Jul. 2015 (80.25) to Jul. 2016 (82.64). It might indicate that Toro Co's sales slowed down.

Inventory can be measured by Days Sales of Inventory (DSI). Toro Co's days sales of inventory (DSI) for the three months ended in Jul. 2016 was 52.85.

Inventory turnover measures how fast the company turns over its inventory within a year. Toro Co's inventory turnover for the three months ended in Jul. 2016 was 1.10.

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. Toro Co's inventory to revenue ratio for the three months ended in Jul. 2016 was 0.58.


Definition

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

Toro Co's Days Inventory for the fiscal year that ended in Oct. 2014 is calculated as

Days Inventory (A: Oct. 2014 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Oct. 2013 ) + Inventory (A: Oct. 2014 )) / 2 ) / COGS (A: Oct. 2014 )*Days in Period
=( (240.089 + 274.603) / 2 ) / 1399.42*365
=257.346 / 1399.42*365
=67.12

Toro Co's Days Inventory for the quarter that ended in Jul. 2016 is calculated as:

Days Inventory (Q: Jul. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Apr. 2016 ) + Inventory (Q: Jul. 2016 )) / 2 ) / COGS (Q: Jul. 2016 )*Days in Period
=( (369.07 + 327.114) / 2 ) / 384.363*365 / 4
=348.092 / 384.363*365 / 4
=82.64

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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).

Toro Co's Days Sales of Inventory for the three months ended in Jul. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=348.092/600.98*365 / 4
=52.85

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

Toro Co's Inventory Turnover for the three months ended in Jul. 2016 is calculated as

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.

Toro Co's Inventory to Revenue for the three months ended in Jul. 2016 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=348.092 / 600.98
=0.58

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's 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

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Toro Co Annual Data

Oct05Oct06Oct07Oct08Oct09Oct10Oct11Oct12Oct13Oct14
DaysInventory 72.5272.5174.5868.2669.1060.7361.0867.3168.0967.12

Toro Co Quarterly Data

Apr14Jul14Oct14Jan15Apr15Jul15Oct15Jan16Apr16Jul16
DaysInventory 57.6874.4495.6995.5259.1780.25100.05113.6467.6982.64
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