Tronox Pigmentos do Brasil (BSP:CRPG6) Inventory Turnover : 0.45 (As of Dec. 2023)

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What is Tronox Pigmentos do Brasil Inventory Turnover?

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. Tronox Pigmentos do Brasil's Cost of Goods Sold for the three months ended in Dec. 2023 was R$126.4 Mil. Tronox Pigmentos do Brasil's Average Total Inventories for the quarter that ended in Dec. 2023 was R$280.2 Mil. Tronox Pigmentos do Brasil's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.45.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tronox Pigmentos do Brasil's Days Inventory for the three months ended in Dec. 2023 was 202.18.

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. Tronox Pigmentos do Brasil's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 2.10.

Tronox Pigmentos do Brasil Inventory Turnover Historical Data

The historical data trend for Tronox Pigmentos do Brasil'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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Tronox Pigmentos do Brasil Inventory Turnover Chart

Tronox Pigmentos do Brasil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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1.54

1.72

2.47

2.46

1.87

Tronox Pigmentos do Brasil 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															0.49	0.42	0.42	0.49	0.45

Tronox Pigmentos do Brasil Inventory Turnover Calculation

Tronox Pigmentos do Brasil'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 )
=	539.179	/ (	(313.344	+	262.203)	/	2 )
=	539.179	/	287.7735
=	1.87

Tronox Pigmentos do Brasil'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 )
=	126.444	/ (	(298.124	+	262.203)	/	2 )
=	126.444	/	280.1635
=	0.45

Tronox Pigmentos do Brasil (BSP:CRPG6) 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.

Tronox Pigmentos do Brasil'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
	=	280.1635	/	126.444	*	365 / 4
	=	202.18

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.

Tronox Pigmentos do Brasil'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 )
	=	280.1635	/	133.247
	=	2.10

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.

Tronox Pigmentos do Brasil Inventory Turnover Related Terms

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Tronox Pigmentos do Brasil (BSP:CRPG6) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Tronox Pigmentos do Brasil SA (BSP:CRPG6) » Definitions » Inventory Turnover

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Traded in Other Exchanges

CRPG5:Brazil CRPG3:Brazil

Address

Rodovia BA 099, Estrada do Coco, Camaçari, BA, BRA, 42829-710

Website

https://www.tronox-al.com.br

Tronox Pigmentos do Brasil SA manufactures chemical products such as titanium dioxide and sulphuric acid. Its titanium dioxide (TiO2) product is used to provide color, brightness, and opacity to a range of products, including paint, plastic, paper, eraser, and other products, as well as applications, such as ceramic, glass, leather, synthetic fiber, and color formulation for artistic paints. It also produces ilmenite, zirconite, rutile, and kyanite.

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