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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Thermon Group Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $79.0 Mil. Thermon Group Holdings's Average Total Inventories for the quarter that ended in Dec. 2023 was $94.4 Mil. Thermon Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.84.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Thermon Group Holdings's Days Inventory for the three months ended in Dec. 2023 was 109.04.
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. Thermon Group Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.69.
The historical data trend for Thermon Group Holdings's Inventory Turnover 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.
Thermon Group Holdings Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Mar16 | Mar17 | Mar18 | Mar19 | Mar20 | Mar21 | Mar22 | Mar23 | |||||||||||
Inventory Turnover | Get a 7-Day Free Trial | 3.68 | 3.54 | 2.57 | 3.18 | 3.32 |
Thermon Group Holdings Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Inventory Turnover | Get a 7-Day Free Trial | 0.77 | 0.82 | 0.68 | 0.75 | 0.84 |
Thermon Group Holdings's Inventory Turnover for the fiscal year that ended in Mar. 2023 is calculated as
Inventory Turnover (A: Mar. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (A: Mar. 2023 ) | / ( | (Total Inventories (A: Mar. 2022 ) | + | Total Inventories (A: Mar. 2023 )) | / | count ) |
= | 255.465 | / ( | (71.65 | + | 82.132) | / | 2 ) |
= | 255.465 | / | 76.891 | ||||
= | 3.32 |
Thermon Group Holdings's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as
Inventory Turnover (Q: Dec. 2023 ) | |||||||
= | Cost of Goods Sold | / | Average Total Inventories | ||||
= | Cost of Goods Sold (Q: Dec. 2023 ) | / ( | (Total Inventories (Q: Sep. 2023 ) | + | Total Inventories (Q: Dec. 2023 )) | / | count ) |
= | 79.017 | / ( | (92.55 | + | 96.299) | / | 2 ) |
= | 79.017 | / | 94.4245 | ||||
= | 0.84 |
* 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.
Thermon Group Holdings (NYSE:THR) Inventory Turnover Explanation
Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Thermon Group Holdings's Days Inventory for the three months ended in Dec. 2023 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2023 ) | / | Cost of Goods Sold (Q: Dec. 2023 ) | * | Days in Period |
= | 94.4245 | / | 79.017 | * | 365 / 4 | |
= | 109.04 |
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.
Thermon Group Holdings's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2023 ) | / | Revenue (Q: Dec. 2023 ) |
= | 94.4245 | / | 136.427 | |
= | 0.69 |
* 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
Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.
Thank you for viewing the detailed overview of Thermon Group Holdings's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
Kevin J Mcginty | director | 6688 N CENTRAL EXPRESSWAY, SUITE 1170, DALLAS TX 75206 |
Nesser John T Iii | director | 777 N ELDRIDGE PARKWAY, HOUSTON TX 77079 |
Kevin Fox | officer: VP - Corporate Development | 7171 SOUTHWEST PKWY, BLD. 300 STE. 200, AUSTIN TX 78735 |
Candace Harris-peterson | officer: VP, Human Resources | 7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735 |
Angela Strzelecki | director | INTERNATIONAL FLAVORS & FRAGRANCES INC., 521 WEST 57TH STREET, NEW YORK NY 10019 |
Bruce Thames | officer: Executive VP and COO | 100 THERMON DRIVE, SAN MARCOS TX 78666 |
Kuahara Roberto | officer: SVP, Operations | 7171 SOUTHWEST PKWY, BLD. 300, STE. 200, AUSTIN TX 78735 |
Van Der Salm Johannes Rene | officer: SVP-Global Operations | 100 THERMON DRIVE, SAN MARCOS TX 78666 |
Michael W Press | director | P O BOX 327, GATES MILLS OH 44040 |
James Pribble | officer: SVP, Thermon Heating Systems | 7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735 |
John U Clarke | director | PENN VIRGINIA CORPORATION, FOUR RADNOR CORPORATE CENTER, STE 200, RADNOR PA 19087 |
Roger L Fix | director | |
Tarkington Ryan | officer: General Counsel & Corp. Sec. | 7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735 |
David Buntin | officer: SVP, Thermon Heat Tracing | 7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735 |
Mark John Roberts | officer: SVP, Global Engineering | 7171 SOUTHWEST PARKWAY, BUILDING 300, SUITE 200, AUSTIN TX 78735 |
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