Tornos Holding AG (XSWX:TOHN) Days Inventory : 281.63 (As of Jun. 2023)

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What is Tornos Holding AG Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tornos Holding AG's Average Total Inventories for the six months ended in Jun. 2023 was CHF91.0 Mil. Tornos Holding AG's Cost of Goods Sold for the six months ended in Jun. 2023 was CHF58.9 Mil. Hence, Tornos Holding AG's Days Inventory for the six months ended in Jun. 2023 was 281.63.

The historical rank and industry rank for Tornos Holding AG's Days Inventory or its related term are showing as below:

XSWX:TOHN' s Days Inventory Range Over the Past 10 Years
Min: 173.01 Med: 226.07 Max: 341.68
Current: 280.35

During the past 13 years, Tornos Holding AG's highest Days Inventory was 341.68. The lowest was 173.01. And the median was 226.07.

XSWX:TOHN's Days Inventory is not ranked
in the Industrial Products industry.
Industry Median: 120.1 vs XSWX:TOHN: 280.35

Tornos Holding AG's Days Inventory increased from Jun. 2022 (236.76) to Jun. 2023 (281.63). It might indicate that Tornos Holding AG's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tornos Holding AG's Inventory Turnover for the six months ended in Jun. 2023 was 0.65.

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. Tornos Holding AG's Inventory-to-Revenue for the six months ended in Jun. 2023 was 0.95.

Tornos Holding AG Days Inventory Historical Data

The historical data trend for Tornos Holding AG'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.

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Tornos Holding AG Days Inventory Chart

Tornos Holding AG Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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193.52

240.96

341.68

249.39

266.43

Tornos Holding AG Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Inventory	Get a 7-Day Free Trial															243.97	237.46	236.76	282.45	281.63

Competitive Comparison of Tornos Holding AG's Days Inventory

For the Specialty Industrial Machinery subindustry, Tornos Holding AG'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.

Tornos Holding AG's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Tornos Holding AG's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tornos Holding AG's Days Inventory falls into.

Tornos Holding AG Days Inventory Calculation

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

Tornos Holding AG's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (74.295	+	88.18)	/	2 )	/	111.292	*	365
=	81.2375					/	111.292	*	365
=	266.43

Tornos Holding AG's Days Inventory for the quarter that ended in Jun. 2023 is calculated as:

	Days Inventory (Q: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Dec. 2022 )	+	Total Inventories (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (88.18	+	93.744)	/	2 )	/	58.944	*	365 / 2
=	90.962					/	58.944	*	365 / 2
=	281.63

Tornos Holding AG (XSWX:TOHN) 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.

Tornos Holding AG's Inventory Turnover for the six months ended in Jun. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	58.944	/	90.962
	=	0.65

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.

Tornos Holding AG's Inventory to Revenue for the six months ended in Jun. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	90.962	/	95.727
	=	0.95

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.

Tornos Holding AG Days Inventory Related Terms

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

Tornos Holding AG (XSWX:TOHN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Tornos Holding AG (XSWX:TOHN) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

Rue Industrielle 111, P.O. Box 960, Moutier, CHE, CH-2740

Website

https://www.tornos.com

Tornos Holding AG is engaged in the machinery sector. The company develops, manufactures, markets, sells, and provides services of machines and related spare parts. The group primarily offers a wide range of automatic lathes, bar feeders, and software to meet the needs across a wide range of manufacturing applications. Geographically, the business presence of the group are seen in the regions of Switzerland, Other European countries, the Americas, Asia, and the rest of the world. Revenues generated by the firm are derived from sales of machines, spare parts, and service costs.

Tornos Holding AG (XSWX:TOHN) Headlines

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