Terminix Global Holdings (Terminix Global Holdings) Inventory Turnover : 7.64 (As of Jun. 2022)

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What is Terminix Global Holdings Inventory Turnover?

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. Terminix Global Holdings's Cost of Goods Sold for the three months ended in Jun. 2022 was $340 Mil. Terminix Global Holdings's Average Total Inventories for the quarter that ended in Jun. 2022 was $45 Mil. Terminix Global Holdings's Inventory Turnover for the quarter that ended in Jun. 2022 was 7.64.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Terminix Global Holdings's Days Inventory for the three months ended in Jun. 2022 was 11.94.

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. Terminix Global Holdings's Inventory-to-Revenue for the quarter that ended in Jun. 2022 was 0.08.

Terminix Global Holdings Inventory Turnover Historical Data

The historical data trend for Terminix Global 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.

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Terminix Global Holdings Inventory Turnover Chart

Terminix Global Holdings Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Inventory Turnover

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22.90

21.95

23.49

25.67

28.07

Terminix Global Holdings Quarterly Data
	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22
Inventory Turnover	Get a 7-Day Free Trial															6.91	7.45	7.22	6.96	7.64

Terminix Global Holdings Inventory Turnover Calculation

Terminix Global Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2021 is calculated as

	Inventory Turnover (A: Dec. 2021 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2021 )	/ (	(Total Inventories (A: Dec. 2020 )	+	Total Inventories (A: Dec. 2021 ))	/	count )
=	1193	/ (	(44	+	41)	/	2 )
=	1193	/	42.5
=	28.07

Terminix Global Holdings's Inventory Turnover for the quarter that ended in Jun. 2022 is calculated as

	Inventory Turnover (Q: Jun. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2022 )	/ (	(Total Inventories (Q: Mar. 2022 )	+	Total Inventories (Q: Jun. 2022 ))	/	count )
=	340	/ (	(44	+	45)	/	2 )
=	340	/	44.5
=	7.64

Terminix Global Holdings (NYSE:TMX) 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.

Terminix Global Holdings's Days Inventory for the three months ended in Jun. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2022 )	/	Cost of Goods Sold (Q: Jun. 2022 )	*	Days in Period
	=	44.5	/	340	*	365 / 4
	=	11.94

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.

Terminix Global Holdings's Inventory to Revenue for the quarter that ended in Jun. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2022 )	/	Revenue (Q: Jun. 2022 )
	=	44.5	/	585
	=	0.08

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.

Terminix Global Holdings Inventory Turnover Related Terms

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Terminix Global Holdings (Terminix Global Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Personal Services » Terminix Global Holdings Inc (NYSE:TMX) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

150 Peabody Place, Memphis, TN, USA, 38103

Website

https://www.terminix.com

Terminix Global Holdings Inc provides residential and commercial termite and pest control services. The company has one reportable segment: termite and pest control management. This segment has several service lines including residential pest management, commercial pest management, termite and home services, sales of products and other, and European pest management. The majority of company revenue comes from residential/commercial pest management and termite and home services in the United States.

Executives

Deborah H Caplan	director	700 UNIVERSE BLVD, JUNO BEACH FL 33408
Brett Ponton	officer: CEO	200 HOLLEDER PARKWAY, ROCHETER NY 14615
Deidre Richardson	officer: SVP & General Counsel	150 PEABODY PL MEMPHIS TN 38103-3720
Teresa Mosley Sebastian	director	1000 DARDEN CENTER DRIVE, ORLANDO FL 32837
Chris Terrill	director	FORT WASHINGTON EXECUTIVE CENTER, 600 OFFICE CENTER DRIVE, FORT WASHINGTON PA 19034
Mary J Hopkins	officer: Vice Pres, Controller & CAO	150 PEABODY PLACE MEMPHIS TN 38103
John Patrick Mullen	officer: VP, Controller & CAO	860 RIDGE LAKE BOULEVARD MEMPHIS TN 38120
Brett Dorton	officer: CEO	C/O SOUTHERN MISSOURI BANCORP, INC., 2991 OAK GROVE ROAD, POPLAR BLUFF MO 63901
Anthony Dilucente	officer: Sr. Vice President	150 PEABODY PLACE MEMPHIS TN 38103-3720
David J Frear	director	1221 AVENUE OF THE AMERICAS, NEW YORK NY 10020
Robert James Riesbeck	officer: EVP	100 PIER 1 PLACE, FORT WORTH TX 76102
Mark E Tomkins	director	VULCAN MATERIALS CO, 1200 URBAN CENTER DR, BIRMINGHAM AL 35242
Gregory Rutherford	officer: President, Terminix Commercial	150 PEABODY PLACE MEMPHIS TN 38103-3700
Naren K Gursahaney	director	1501 YAMATO ROAD, BOCA RATON FL 33431
Stephen J Sedita	director	150 PEABODY PLACE MEMPHIS TN 38103-3720