Finning International (Finning International) Change In Inventory : $-300 Mil (TTM As of Dec. 2023)

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What is Finning International Change In Inventory?

Finning International's change in inventory for the quarter that ended in Dec. 2023 was $39 Mil. It means Finning International's inventory declined by $39 Mil from Sep. 2023 to Dec. 2023 .

Finning International's change in inventory for the fiscal year that ended in Dec. 2023 was $-304 Mil. It means Finning International's inventory increased by $304 Mil from Dec. 2022 to Dec. 2023 .

Finning International's Total Inventories for the quarter that ended in Dec. 2023 was $2,120 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Finning International's Days Inventory for the quarter that ended in Dec. 2023 was 129.35.

Inventory Turnover measures how fast the company turns over its inventory within a year. Finning International's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.71.

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. Finning International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.08.

Finning International Change In Inventory Historical Data

The historical data trend for Finning International's Change In Inventory 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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Finning International Change In Inventory Chart

Finning International Annual Data

Trend

Dec14

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Dec16

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Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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22.02

396.60

-164.06

-526.32

-304.11

Finning International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															51.53	-178.32	-57.96	-102.73	38.76

Finning International Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-300 Mil.

Finning International (OTCPK:FINGF) Change In Inventory Explanation

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

Finning International's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	2138.5625	/	1508.647	*	365 / 4
	=	129.35

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

Finning International's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1508.647	/	2138.5625
	=	0.71

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.

Finning International's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	2138.5625	/	1985.689
	=	1.08

Finning International Change In Inventory Related Terms

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Finning International (Finning International) Business Description

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CIH:Germany FTT:Canada

Address

19100 94th Avenue, Surrey, BC, CAN, V4N 5C3

Website

https://www.finning.com

Finning International Inc is a dealer and distributor of heavy-duty machinery and parts of the Caterpillar brand. The company sells and rents Caterpillar machinery to the mining, construction, petroleum, forestry, and power system application industries. Finning International further provides parts and services for equipment and engines to its customers via its owned distribution network and buys and sells used equipment domestically and internationally after reconditioning or rebuilding the machinery. The company operates in Canada, South America, UK and Ireland, and others.