Tornado Global Hydrovacs (Tornado Global Hydrovacs) Change In Inventory : $-2.93 Mil (TTM As of Dec. 2023)

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What is Tornado Global Hydrovacs Change In Inventory?

Tornado Global Hydrovacs's change in inventory for the quarter that ended in Dec. 2023 was $3.26 Mil. It means Tornado Global Hydrovacs's inventory declined by $3.26 Mil from Sep. 2023 to Dec. 2023 .

Tornado Global Hydrovacs's change in inventory for the fiscal year that ended in Dec. 2023 was $-3.01 Mil. It means Tornado Global Hydrovacs's inventory increased by $3.01 Mil from Dec. 2022 to Dec. 2023 .

Tornado Global Hydrovacs's Total Inventories for the quarter that ended in Dec. 2023 was $16.82 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tornado Global Hydrovacs's Days Inventory for the quarter that ended in Dec. 2023 was 89.09.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tornado Global Hydrovacs's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.02.

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. Tornado Global Hydrovacs's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.74.

Tornado Global Hydrovacs Change In Inventory Historical Data

The historical data trend for Tornado Global Hydrovacs's Change In 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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Tornado Global Hydrovacs Change In Inventory Chart

Tornado Global Hydrovacs Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-2.29

2.42

0.13

-7.53

-3.01

Tornado Global Hydrovacs Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory	Get a 7-Day Free Trial															-2.94	-3.84	-1.24	-1.12	3.26

Tornado Global Hydrovacs Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.93 Mil.

Tornado Global Hydrovacs (OTCPK:TGHLF) Change In Inventory Explanation

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

Tornado Global Hydrovacs's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	18.3685	/	18.814	*	365 / 4
	=	89.09

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Tornado Global Hydrovacs's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	18.814	/	18.3685
	=	1.02

3. 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.

Tornado Global Hydrovacs's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	18.3685	/	24.859
	=	0.74

Tornado Global Hydrovacs Change In Inventory Related Terms

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Tornado Global Hydrovacs (Tornado Global Hydrovacs) Business Description

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GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tornado Global Hydrovacs Ltd (OTCPK:TGHLF) » Definitions » Change In Inventory

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TGH:Canada

Address

7015 MacLeod Trail South West, Suite 510, Calgary, AB, CAN, T2H 2K6

Website

https://www.tghl.ca

Tornado Global Hydrovacs Ltd is a truck manufacturer. The company, through its subsidiaries, designs, fabricates, manufactures, and sells hydrovac trucks to excavation service providers in the municipal and oil and gas markets in North America and has expanded into China. It has two geographic operating segments, North American manufacturing and sales operations, and its China operation. The majority of its revenue is derived from the North American manufacturing segment.