Twin Disc (Twin Disc) Inventory Turnover

: 0.41 (As of Dec. 2023)

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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. Twin Disc's Cost of Goods Sold for the three months ended in Dec. 2023 was $52.3 Mil. Twin Disc's Average Total Inventories for the quarter that ended in Dec. 2023 was $129.0 Mil. Twin Disc's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Twin Disc's Days Inventory for the three months ended in Dec. 2023 was 224.91.

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. Twin Disc's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.77.

Twin Disc Inventory Turnover Historical Data

The historical data trend for Twin Disc'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.

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Twin Disc Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

2.03

1.55

1.42

1.44

1.56

Twin Disc Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																0.35	0.40	0.44	0.36	0.41

Twin Disc Inventory Turnover Calculation

Twin Disc's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	202.628	/ (	(127.109	+	131.93)	/	2 )
=	202.628	/	129.5195
=	1.56

Twin Disc'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 )
=	52.338	/ (	(126.236	+	131.768)	/	2 )
=	52.338	/	129.002
=	0.41

Twin Disc (NAS:TWIN) 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.

Twin Disc'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
	=	129.002	/	52.338	*	365 / 4
	=	224.91

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.

Twin Disc'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 )
	=	129.002	/	72.994
	=	1.77

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.

Twin Disc Inventory Turnover Related Terms

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Twin Disc (Twin Disc) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Twin Disc Inc (NAS:TWIN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

TWN:Germany

Address

222 East Erie Street, Suite 400, Milwaukee, WI, USA, 53202

Website

https://www.twindisc.com

Twin Disc Inc is a United States-based firm engaged in the manufacture and sale of marine and heavy-duty off-highway power transmission equipment. The company operates its business through two reportable segments: Manufacturing and Distribution. Its products portfolio includes marine transmissions, surface drives, propellers, and boat management systems as well as power-shift transmissions, hydraulic torque converters, power take-offs, industrial clutches, and control systems.

Executives

Kevin M. Olsen	director	C/O DORMAN PRODUCTS, INC., 3400 EAST WALNUT STREET, COLMAR PA 18915
Juliann Larimer	director	C/O ZEBRA TECHNOLOGIES CORPORATION, 333 CORPORATE WOODS PARKWAY, VERNON HILLS IL 60061
Michael Doar	director	ONE TECHNOLOGY WAY, INDIANAPOLIS IN 46268
David B Rayburn	director
Malcolm F Moore	director	143 WATER STREET, 143 WATER STREET, WEST BEND WI 53095
Christopher Daniel Bridleman	officer: VP Global Operations	1328 RACINE STREET, RACINE WI 53403
Denise Wilcox	officer: VP-HUMAN RESOURCES	1328 RACINE STREET, RACINE WI 53403
Jeffrey Scott Knutson	officer: Corporate Controller	1328 RACINE STREET, RACINE WI 53403
John H Batten	officer: VP-GM - Marine	1328 RACINE ST., RACINE WI 53403
David R Zimmer	director	1255 INDIAN MOUND WEST, BLOOMFIELD MI 48301
Ggcp, Inc.	10 percent owner	189 MASON STREET, GREENWICH CT 06830
Gamco Investors, Inc. Et Al	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Mario J Gabelli	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Associated Capital Group, Inc.	10 percent owner	191 MASON STREET, GREENWICH CT 06830
Janet Plaut Giesselman	director	25435 HARVARD RD., BEACHWOOD OH 44122