Titan International (Titan International) Days Sales Outstanding : 53.66 (As of Dec. 2023)

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What is Titan International Days Sales Outstanding?

Titan International's average Accounts Receivable for the three months ended in Dec. 2023 was $229 Mil. Titan International's Revenue for the three months ended in Dec. 2023 was $390 Mil. Hence, Titan International's Days Sales Outstanding for the three months ended in Dec. 2023 was 53.66.

The historical rank and industry rank for Titan International's Days Sales Outstanding or its related term are showing as below:

TWI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 44.06 Med: 49.88 Max: 55.29
Current: 53.41

During the past 13 years, Titan International's highest Days Sales Outstanding was 55.29. The lowest was 44.06. And the median was 49.88.

TWI's Days Sales Outstanding is ranked better than
67.79% of 208 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 73.645 vs TWI: 53.41

Titan International's Days Sales Outstanding increased from Dec. 2022 (49.18) to Dec. 2023 (53.66).

Titan International Days Sales Outstanding Historical Data

The historical data trend for Titan International's Days Sales Outstanding 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.

Titan International Days Sales Outstanding Chart

Titan International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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54.19

55.29

46.13

44.06

48.86

Titan International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															49.18	49.34	57.52	58.97	53.66

Competitive Comparison of Titan International's Days Sales Outstanding

For the Farm & Heavy Construction Machinery subindustry, Titan International's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Titan International's Days Sales Outstanding Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Titan International's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Titan International's Days Sales Outstanding falls into.

Titan International Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Titan International's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (267.336	+	220.358)	/	2 )	/	1821.8	*	365
=	243.847					/	1821.8	*	365
=	48.86

Titan International's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (238.595	+	220.358)	/	2 )	/	390.199	*	365 / 4
=	229.4765					/	390.199	*	365 / 4
=	53.66

Titan International (NYSE:TWI) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Titan International Days Sales Outstanding Related Terms

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Titan International (Titan International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Titan International Inc (NYSE:TWI) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

TZ4:Germany

Address

1525 Kautz Road, Suite 600, West Chicago, IL, USA, 60185

Website

https://www.titan-intl.com

Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Europe / CIS, Latin America and Other international. Titan derives most of the revenue from Agricultural segment which manufacture various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan's own distribution centers.

Executives

Max A Guinn	director	DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265
Michael G Troyanovich	officer: Secretary&Asst General Counsel	2701 SPRUCE STREET, QUINCY IL 62301
Anthony Eheli	officer: VP, Chief Accounting Officer	2701 SPRUCE STREET, QUINCY IL 62301
Taylor Maurice M Jr	director, officer: President & CEO	2701 SPRUCE STREET, QUINCY IL 62301
Paul G Reitz	officer: Chief Financial Officer	1301 FIRST AVENUE, COLUMBUS GA 31901
Laura K Thompson	director	200 INNOVATION WAY, AKRON OH 44316
Gary L Cowger	director	5725 DELPHI DRIVE, TROY MI 48098
Mhr Institutional Advisors Iii Llc	10 percent owner	40 WEST 57 STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Institutional Partners Iii Lp	10 percent owner	40 WEST 57TH STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Holdings Llc	10 percent owner	40 WEST 57TH STREET, 24TH FLOOR, NEW YORK NY 10019
Mhr Fund Management Llc	10 percent owner	1345 AVENUE OF THE AMERICAS,, 42ND FLOOR, NEW YORK NY 10105
David A Martin	officer: Chief Financial Officer	C/O TITAN INTERNATIONAL, INC., 2701 SPRUCE STREET, QUINCY IL 62301
Amy S Evans	officer: Interim CFO	2701 SPRUCE STREET, QUINCY IL 62301
James M Froisland	officer: Interim CFO	385 PERSIMMON DRIVE, ST. CHARLES IL 60174
Anthony L Soave	director	C/O TITAN INTERNATIONAL CORP, 2701 SPRUCE STREET, QUINCY IL 62301