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Titan Machinery (Titan Machinery) Days Sales Outstanding : 10.78 (As of Jan. 2024)


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What is Titan Machinery Days Sales Outstanding?

Titan Machinery's average Accounts Receivable for the three months ended in Jan. 2024 was $101 Mil. Titan Machinery's Revenue for the three months ended in Jan. 2024 was $852 Mil. Hence, Titan Machinery's Days Sales Outstanding for the three months ended in Jan. 2024 was 10.78.

The historical rank and industry rank for Titan Machinery's Days Sales Outstanding or its related term are showing as below:

TITN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 9.35   Med: 14.46   Max: 18.76
Current: 11.51

During the past 13 years, Titan Machinery's highest Days Sales Outstanding was 18.76. The lowest was 9.35. And the median was 14.46.

TITN's Days Sales Outstanding is ranked better than
96.53% of 144 companies
in the Industrial Distribution industry
Industry Median: 57.325 vs TITN: 11.51

Titan Machinery's Days Sales Outstanding increased from Jan. 2023 (10.34) to Jan. 2024 (10.78).


Titan Machinery Days Sales Outstanding Historical Data

The historical data trend for Titan Machinery's Days Sales Outstanding 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.

Titan Machinery Days Sales Outstanding Chart

Titan Machinery Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.61 13.74 10.78 9.35 11.70

Titan Machinery Quarterly Data
Apr19 Jul19 Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 10.34 12.42 12.18 10.85 10.78

Competitive Comparison of Titan Machinery's Days Sales Outstanding

For the Industrial Distribution subindustry, Titan Machinery's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Machinery's Days Sales Outstanding Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Titan Machinery's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Titan Machinery's Days Sales Outstanding falls into.



Titan Machinery Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Titan Machinery's Days Sales Outstanding for the fiscal year that ended in Jan. 2024 is calculated as

Days Sales Outstanding (A: Jan. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Jan. 2023 ) + Accounts Receivable (A: Jan. 2024 )) / count ) / Revenue (A: Jan. 2024 )*Days in Period
=( (62.139 + 114.774) / 2 ) / 2758.445*365
=88.4565 / 2758.445*365
=11.70

Titan Machinery's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

Days Sales Outstanding (Q: Jan. 2024 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Oct. 2023 ) + Accounts Receivable (A: Jan. 2024 )) / count ) / Revenue (A: Jan. 2024 )*Days in Period
=( (86.512 + 114.774) / 2 ) / 852.133*365 / 4
=100.643 / 852.133*365 / 4
=10.78

* 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 Machinery  (NAS:TITN) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Titan Machinery Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Titan Machinery's Days Sales Outstanding provided by GuruFocus.com. Please click on the following links to see related term pages.


Titan Machinery (Titan Machinery) Business Description

Traded in Other Exchanges
Address
644 East Beaton Drive, West Fargo, ND, USA, 58078-2648
Titan Machinery Inc owns and operates a network of full-service agricultural and construction equipment stores. The company sells and repairs agricultural equipment, including machinery and attachments for large-scale farming and home and gardening purposes, as well as construction equipment. It operates through the following segments: The Agriculture segment sells, services, and rents machinery and related parts and attachments, for uses ranging from large-scale farming to home and garden use, The construction segment sells, services, and rents machinery, and related parts and attachments, for uses ranging from heavy construction to light industrial machinery use, and the International segment sells services, rents machinery, and related parts.
Executives
Stan K. Erickson director 10380 28TH AVENUE NORTH, MINNEAPOLIS MN 55441
Robert Larsen officer: Chief Financial Officer 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Frank Anglin director 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Tony Christianson director
David Joseph Meyer director, officer: Chairman and CEO 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Bryan J Knutson officer: Chief Operating Officer C/O TITAN MACHINERY INC., 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Mark P. Kalvoda officer: Chief Financial Officer 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Bradley Crews director 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Christine E Hamilton director 225 S MAIN AVE, P O BOX 5000, SIOUX FALLS SD 57117
John W Henderson director 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Jody L Horner director C/O TITAN MACHINERY, 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Richard L Mack director 9590 SKY LANE, EDEN PRAIRIE MN 55347
Theodore M Crosbie director 644 EAST BEATON DRIVE, WEST FARGO ND 58078
Peter J. Christianson director, officer: President and CFO 644 EAST BEATON DRIVE, WEST FARGO ND 58078
James Irwin director 10543 EAST MARK LANE, SCOTTSDALE AZ 85262