Days Inventory is also known as Days Sales of Inventory (DSI). Titan International's Average Total Inventories for the
three
months ended in Dec. 2023 was $363 Mil. Titan International's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $332 Mil.
Hence, Titan International's Days Inventory for the
three
months ended in Dec. 2023 was 99.71.
The historical rank and industry rank for Titan International's Days Inventory or its related term are showing as below:
TWI'
s Days Inventory Range Over the Past 10 Years
Min: 74.5 Med: 87.54 Max: 100.83
Current: 91
During the past 13 years, Titan International's highest Days Inventory was 100.83. The lowest was 74.50. And the median was 87.54.
TWI's Days Inventory is ranked better than 69.61% of 204
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 131.48
vs TWI: 91.00
Titan International's Days Inventory
increased
from Dec. 2022 (85.36) to Dec. 2023 (99.71).
It might indicate that Titan International's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Titan International's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.92.
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.
Titan International's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.93.
Titan International Days Inventory Historical Data
The historical data trend for Titan International's Days 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.
Competitive Comparison of Titan International's Days Inventory
For the Farm & Heavy Construction Machinery subindustry, Titan International's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Titan International's Days Inventory Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Titan International's Days Inventory distribution charts can be found below:
* The bar in red indicates where Titan International's Days Inventory falls into.
Titan International Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Titan International's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Titan International (NYSE:TWI) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Titan International's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
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.
Titan International's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Titan International Days Inventory Related Terms
Thank you for viewing the detailed overview of Titan International's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Titan International (Titan International) Business Description
Titan International Inc is a manufacturer of wheels, tires, wheel and tire assemblies, and undercarriage systems and components for off-highway vehicles. The company operates through three segments namely Agricultural, Earthmoving/Construction, and Consumer. Geographically, business of the group can be seen in the United States, Europe / CIS, Latin America and Other international. Titan derives most of the revenue from Agricultural segment which manufacture various agricultural equipment, including tractors, combines, plows, planters and irrigation equipment, and are sold directly to original equipment manufacturers and to the aftermarket through independent distributors, equipment dealers and Titan's own distribution centers.
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