Days Inventory is also known as Days Sales of Inventory (DSI). Ternium's Average Total Inventories for the
three
months ended in Mar. 2024 was $5,004 Mil. Ternium's Cost of Goods Sold for the
three
months ended in Mar. 2024 was $3,674 Mil.
Hence, Ternium's Days Inventory for the
three
months ended in Mar. 2024 was 124.28.
The historical rank and industry rank for Ternium's Days Inventory or its related term are showing as below:
TX'
s Days Inventory Range Over the Past 10 Years
Min: 103.51 Med: 107.62 Max: 112.74
Current: 109.91
During the past 13 years, Ternium's highest Days Inventory was 112.74. The lowest was 103.51. And the median was 107.62.
TX's Days Inventory is ranked worse than 64.11% of 574
companies
in the Steel industry
Industry Median: 85.62
vs TX: 109.91
Ternium's Days Inventory
increased
from Mar. 2023 (103.62) to Mar. 2024 (124.28).
It might indicate that Ternium's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Ternium's Inventory Turnover for the
three
months ended in Mar. 2024 was 0.73.
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.
Ternium's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 1.05.
Ternium Days Inventory Historical Data
The historical data trend for Ternium'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 Ternium's Days Inventory
For the Steel subindustry, Ternium'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.
Ternium's Days Inventory Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Ternium's Days Inventory distribution charts can be found below:
* The bar in red indicates where Ternium's Days Inventory falls into.
Ternium Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Ternium'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.
Ternium (NYSE:TX) 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.
Ternium's Inventory Turnover for the
three
months ended in Mar. 2024 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.
Ternium's Inventory to Revenue for the
three
months ended in Mar. 2024 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.
Ternium Days Inventory Related Terms
Thank you for viewing the detailed overview of Ternium's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Ternium SA is a flat steel producer operating in Mexico, Brazil, Argentina, Colombia, the southern United States, and Central America. It produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers and steel processors or end-users. The company operates in two segments: Steel and Mining. In its steel segment, the company produces slabs, billets & round bars, hot-rolled coils & sheets, bars & stirrups, wire rods, steel pipes, and other products. The Mining segment sells iron ore as concentrates (fines) and pellets. The vast majority of its revenue comes from the steel segment. Its geographical segments are Mexico, the Southern region, and Brazil & Other markets.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
TX has been successfully added to your 