Toromont Industries (Toromont Industries) Change In Inventory : $-83 Mil (TTM As of Dec. 2023)

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What is Toromont Industries Change In Inventory?

Toromont Industries's change in inventory for the quarter that ended in Dec. 2023 was $16 Mil. It means Toromont Industries's inventory declined by $16 Mil from Sep. 2023 to Dec. 2023 .

Toromont Industries's change in inventory for the fiscal year that ended in Dec. 2023 was $-86 Mil. It means Toromont Industries's inventory increased by $86 Mil from Dec. 2022 to Dec. 2023 .

Toromont Industries's Total Inventories for the quarter that ended in Dec. 2023 was $834 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Toromont Industries's Days Inventory for the quarter that ended in Dec. 2023 was 114.29.

Inventory Turnover measures how fast the company turns over its inventory within a year. Toromont Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.80.

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. Toromont Industries's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.92.

Toromont Industries Change In Inventory Historical Data

The historical data trend for Toromont Industries'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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Toromont Industries Change In Inventory Chart

Toromont Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-29.37

143.48

6.24

-231.98

-85.86

Toromont Industries 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															-57.05	-85.50	5.73	-18.42	15.67

Toromont Industries 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 $-83 Mil.

Toromont Industries (OTCPK:TMTNF) Change In Inventory Explanation

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

Toromont Industries's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	838.3565	/	669.346	*	365 / 4
	=	114.29

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	669.346	/	838.3565
	=	0.80

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	838.3565	/	914.533
	=	0.92

Toromont Industries Change In Inventory Related Terms

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Toromont Industries (Toromont Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Toromont Industries Ltd (OTCPK:TMTNF) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

14T:Germany TIH:Canada

Address

3131 Highway 7 West, P.O. Box 5511, Concord, ON, CAN, L4K 1B7

Website

https://www.toromont.com

Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group includes a Caterpillar dealership and rental operation of construction equipment. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates majorly in Canada and derives a smaller portion of sales from the United States of America.