TX Rail Products (TX Rail Products) Inventory Turnover : 0.00 (As of Sep. 2020)

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What is TX Rail Products 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. TX Rail Products's Cost of Goods Sold for the three months ended in Sep. 2020 was $0.00 Mil. TX Rail Products's Average Total Inventories for the quarter that ended in Sep. 2020 was $1.76 Mil. TX Rail Products's Inventory Turnover for the quarter that ended in Sep. 2020 was 0.00.

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

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.

TX Rail Products Inventory Turnover Historical Data

The historical data trend for TX Rail Products'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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TX Rail Products Inventory Turnover Chart

TX Rail Products Annual Data

Trend

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Inventory Turnover

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0.92

1.30

1.83

2.02

1.07

TX Rail Products Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Sep20
Inventory Turnover	Get a 7-Day Free Trial															0.46	0.52	0.50	0.39	-

TX Rail Products Inventory Turnover Calculation

TX Rail Products's Inventory Turnover for the fiscal year that ended in Sep. 2020 is calculated as

	Inventory Turnover (A: Sep. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2020 )	/ (	(Total Inventories (A: Sep. 2019 )	+	Total Inventories (A: Sep. 2020 ))	/	count )
=	1.884	/ (	(1.482	+	2.039)	/	2 )
=	1.884	/	1.7605
=	1.07

TX Rail Products's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

	Inventory Turnover (Q: Sep. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2020 )	/ (	(Total Inventories (Q: Sep. 2019 )	+	Total Inventories (Q: Sep. 2020 ))	/	count )
=	0	/ (	(1.482	+	2.039)	/	2 )
=	0	/	1.7605
=	0.00

TX Rail Products (OTCPK:TXRP) 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.

TX Rail Products's Days Inventory for the three months ended in Sep. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2020 )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
	=	1.7605	/	0	*	365 / 4
	=

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.

TX Rail Products's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	1.7605	/	0
	=

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.

TX Rail Products Inventory Turnover Related Terms

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TX Rail Products (TX Rail Products) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » TX Rail Products Inc (OTCPK:TXRP) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

12080 Virginia Boulevard, Ashland, KY, USA, 41102

Website

https://www.txholdings.com

TX Holdings Inc is engaged in the business of supplying, distributing and selling drill bits, related tools, and other mining supplies and rail material directly and through other suppliers to the United States coal mining industry which are used in production and transportation processes. The company's product profile includes Miner Bits, Block and Sleeves, and Miscellaneous parts.

TX Rail Products (TX Rail Products) Headlines

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