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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. Tejon Ranch Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $15.47 Mil. Tejon Ranch Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $6.21 Mil. Tejon Ranch Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.49.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tejon Ranch Co's Days Inventory for the three months ended in Dec. 2023 was 36.62.
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. Tejon Ranch Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.38.
The historical data trend for Tejon Ranch Co'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.
Tejon Ranch Co Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | 15.38 | 12.16 | 10.59 | 12.30 | 11.24 |
Tejon Ranch Co Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Inventory Turnover | Get a 7-Day Free Trial | 3.18 | 2.08 | 0.86 | 0.95 | 2.49 |
Tejon Ranch Co's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as
Inventory Turnover (A: Dec. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Dec. 2023 ) | / ( | (Total Inventories (A: Dec. 2022 ) | + | Total Inventories (A: Dec. 2023 )) | / | count ) |
= | 38.566 | / ( | (3.369 | + | 3.493) | / | 2 ) |
= | 38.566 | / | 3.431 | ||||
= | 11.24 |
Tejon Ranch Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as
Inventory Turnover (Q: Dec. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Dec. 2023 ) | / ( | (Total Inventories (Q: Sep. 2023 ) | + | Total Inventories (Q: Dec. 2023 )) | / | count ) |
= | 15.471 | / ( | (8.925 | + | 3.493) | / | 2 ) |
= | 15.471 | / | 6.209 | ||||
= | 2.49 |
* 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.
Tejon Ranch Co (NYSE:TRC) Inventory Turnover Explanation
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.
Tejon Ranch Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2023 ) | / | Cost of Goods Sold (Q: Dec. 2023 ) | * | Days in Period |
= | 6.209 | / | 15.471 | * | 365 / 4 | |
= | 36.62 |
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.
Tejon Ranch Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2023 ) | / | Revenue (Q: Dec. 2023 ) |
= | 6.209 | / | 16.167 | |
= | 0.38 |
* 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.
Thank you for viewing the detailed overview of Tejon Ranch Co's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Towerview Llc | director, 10 percent owner | 460 PARK AVENUE, NEW YORK NY 10022 |
Brett A Brown | officer: Executive Vice President / CFO | C/O INLAND REAL ESTATE CORPORATION, 2901 BUTTERFIELD ROAD, OAK BROOK IL 60523 |
Susan K Hori | director | 2046 VISTA CAJON, NEWPORT BEACH CA 92660 |
Marc William Hardy | officer: SVP, General Counsel | 28 ALDERBROOK, IRVINE CA 92604 |
Rhea Frawn Morgan | director | 31546 FLYING CLOUD DRIVE, LAGUNA NIGUEL CA 92677 |
Dt Four Partners, Llc | director, 10 percent owner | 655 MADISON AVENUE, 11TH FLOOR, NEW YORK NY 10065 |
Jeannie Lynn Fuller | director | 6218 DE LA GUERRA TERRACE, BAKERSFIELD CA 93306 |
Michael H Winer | director | 8235 MANJARES, MONTEREY CA 93940 |
Geoffrey L Stack | director | |
Frederick C Tuomi | director | C/O EQUITY RESIDENTIAL, TWO NORTH RIVERSIDE PLAZA, SUITE 400, CHICAGO IL 60606 |
Joseph N Rentfro | officer: Executive VP- Real Estate | P.O. BOX 1000, TEJON RANCH CA 93243 |
Mcmahon Hugh F. Iv | officer: Senior Vice President - RE | 4436 LEBEC RD., P.O. BOX 1000, TEJON RANCH CA 93243 |
Gregory S. Bielli | director, officer: President/CEO | P.O. BOX 1000, LEBEC CA 93243 |
Allen E Lyda | officer: Vice President / CFO | |
Steven A. Betts | director | 3300 NORTH THIRD AVE., PHOENIX AZ 85013 |
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