TFI International (TSX:TFII) Days Inventory

: 1.42 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). TFI International's Average Total Inventories for the three months ended in Dec. 2023 was C$35 Mil. TFI International's Cost of Goods Sold for the three months ended in Dec. 2023 was C$2,221 Mil. Hence, TFI International's Days Inventory for the three months ended in Dec. 2023 was 1.42.

The historical rank and industry rank for TFI International's Days Inventory or its related term are showing as below:

TSX:TFII' s Days Inventory Range Over the Past 10 Years
Min: 0.74 Med: 0.99 Max: 1.39
Current: 1.39

During the past 13 years, TFI International's highest Days Inventory was 1.39. The lowest was 0.74. And the median was 0.99.

TSX:TFII's Days Inventory is ranked better than
87.84% of 781 companies
in the Transportation industry
Industry Median: 11.52 vs TSX:TFII: 1.39

TFI International's Days Inventory increased from Dec. 2022 (1.31) to Dec. 2023 (1.42). It might indicate that TFI International's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. TFI International's Inventory Turnover for the three months ended in Dec. 2023 was 64.37.

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. TFI International's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.01.

TFI International Days Inventory Historical Data

The historical data trend for TFI 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.

* Premium members only.

TFI International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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1.08

1.11

0.98

1.17

1.39

TFI International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															1.31	1.31	1.40	1.42	1.42

Competitive Comparison

For the Trucking subindustry, TFI 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.

TFI International Days Inventory Distribution

For the Transportation industry and Industrials sector, TFI International's Days Inventory distribution charts can be found below:

* The bar in red indicates where TFI International's Days Inventory falls into.

TFI International Days Inventory Calculation

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

TFI International's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (32.85	+	32.15)	/	2 )	/	8529.146	*	365
=	32.5					/	8529.146	*	365
=	1.39

TFI International's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (36.868	+	32.15)	/	2 )	/	2221.407	*	365 / 4
=	34.509					/	2221.407	*	365 / 4
=	1.42

TFI International (TSX:TFII) 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.

TFI International's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	2221.407	/	34.509
	=	64.37

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.

TFI International's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	34.509	/	2641.178
	=	0.01

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.

TFI International Days Inventory Related Terms

Thank you for viewing the detailed overview of TFI International's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

TFI International (TSX:TFII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » TFI International Inc (TSX:TFII) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TFII:USA

Address

8801 Trans-Canada Highway, Suite 500, Saint-Laurent, Montreal, QC, CAN, H4S 1Z6

Website

https://www.tfiintl.com

TFI International Inc is a transportation and logistics company domiciled in Canada. The company organises itself into four segments: package and courier, less-than-truckload, truckload, and logistics. The package and courier segment picks up, transports, and delivers items across North America. The less-than-truckload segment transports smaller loads. The truckload segment transports goods by flatbed trucks, containers, or a more specialised service. The company provides general logistics services through the logistics segment. TFI International derives the majority of revenue domestically, followed by the United States.

Executives

David Joseph Saperstein

Senior Officer