Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Titan Machinery's Cost of Goods Sold for the
three
months ended in Jan. 2024 was $711 Mil. Titan Machinery's Average Total Inventories for the quarter that ended in Jan. 2024 was $1,187 Mil.
Titan Machinery's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.60.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Titan Machinery's Days Inventory for the
three
months ended in Jan. 2024 was 152.33.
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.
Titan Machinery's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 1.39.
Titan Machinery Inventory Turnover Historical Data
The historical data trend for Titan Machinery's Inventory Turnover 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.
* 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.
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Titan Machinery's Days Inventory for the
three
months ended in Jan. 2024 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.
Titan Machinery's Inventory to Revenue for the quarter that ended in Jan. 2024 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
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.
Titan Machinery Inventory Turnover Related Terms
Thank you for viewing the detailed overview of Titan Machinery's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Titan Machinery (Titan Machinery) Business Description
Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. The company sells and repairs agricultural equipment, including machinery and attachments for large-scale farming and home and gardening purposes, as well as construction equipment. It operates through the following segments: The Agriculture segment sells, services, and rents machinery and related parts and attachments, for uses ranging from large-scale farming to home and garden use, The construction segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from heavy construction to light industrial machinery use, and the International segment sells services, rents machinery, and related parts.
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