THO (Thor Industries) Change In Inventory: $-165 Mil (TTM As of Apr. 2026)

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THO Thor Industries Inc THO
73 GF Score
Price $76.27
GF Value $95.54
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Thor Industries Change In Inventory?

Thor Industries THO -1.50% 73 Change In Inventory is $-165 Mil as of Apr. 2026. GuruFocus rates THO with a GF Score™ of 73/100 and a GF Value™ of $95.54 (Modestly Undervalued). The stock has 3 warning signs investors should review.

Thor Industries's change in inventory for the quarter that ended in Apr. 2026 was $47 Mil. It means Thor Industries's inventory declined by $47 Mil from Jan. 2026 to Apr. 2026 .

Thor Industries's change in inventory for the fiscal year that ended in Jul. 2025 was $29 Mil. It means Thor Industries's inventory declined by $29 Mil from Jul. 2024 to Jul. 2025 .

Thor Industries's Total Inventories for the quarter that ended in Apr. 2026 was $1,531 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Thor Industries's Days Inventory for the quarter that ended in Apr. 2026 was 58.63.

Inventory Turnover measures how fast the company turns over its inventory within a year. Thor Industries's Inventory Turnover for the quarter that ended in Apr. 2026 was 1.56.

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. Thor Industries's Inventory-to-Revenue for the quarter that ended in Apr. 2026 was 0.56.

Thor Industries  (NYSE:THO) Change In Inventory Explanation

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

Thor Industries's Days Inventory for the quarter that ended in is calculated as:

Days Inventory=Average Total Inventories/Cost of Goods Sold*Days in Period
=1559.3695/2426.768*365 / 4
=58.63

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

Thor Industries's Inventory Turnover for the quarter that ended in Apr. 2026 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=2426.768 / 1559.3695
=1.56

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.

Thor Industries's Inventory to Revenue for the quarter that ended in Apr. 2026 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=1559.3695 / 2781.538
=0.56

* 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.

Thor Industries Change In Inventory Related Terms

Thor Industries Change In Inventory Historical Data

* Premium members only.

The historical data trend for Thor Industries'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.

Thor Industries Change In Inventory Chart

Thor Industries Annual Data
Trend Jul16 Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25
Change In Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only -538.76 -381.54 109.98 236.92 29.12

Thor Industries Quarterly Data
Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26
Change In Inventory 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 71.50 7.17 -100.74 -118.24 46.77
THO
73GF Score
Thor Industries Inc THO
Change In Inventory is just one metric. See GF Score™, valuation, warning signs, and more.
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Thor Industries 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 Apr. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-165 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Inventory →
What does a Change In Inventory of $-165 Mil mean?
Thor Industries (THO) has a Change In Inventory of $-165 Mil as of Apr. 2026. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Thor Industries and its competitors.
Is Thor Industries' Change In Inventory too high?
Thor Industries' current Change In Inventory is $-165 Mil. Overall, Thor Industries has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thor Industries' Change In Inventory compare to PII and PATK?
Thor Industries' Change In Inventory of $-165 Mil can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Inventory for a Vehicles & Parts company?
A good Change In Inventory depends on the Vehicles & Parts industry context. However, Change In Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Inventory mean?
A high Change In Inventory can signal that a stock is expensive relative to its fundamentals. Change in Inventory is the difference between current-period inventory and past-period inventory. View historical data for Thor Industries and its competitors. Thor Industries's current Change In Inventory is $-165 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thor Industries stock overvalued right now?
Based on GuruFocus' analysis, Thor Industries (THO) is currently considered Modestly Undervalued. The stock's GF Value™ is $95.54, compared to a current price of $76.27 — trading 20.2% below its estimated fair value. The current Change In Inventory is $-165 Mil. Thor Industries' overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Inventory calculated?
Change In Inventory is calculated from a company's financial statements. For Thor Industries (THO), the current Change In Inventory is $-165 Mil as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Thor Industries (THO) Overvalued in 2026?

Based on GuruFocus' analysis, Thor Industries stock appears to be undervalued. The current stock price of $76.27 is trading 20.2% below its estimated GF Value™ of $95.54. GuruFocus considers Thor Industries to be Modestly Undervalued.

Key valuation signals for THO:

  • Change In Inventory: $-165 Mil
  • GF Value™: $95.54 vs. price of $76.27 (20.2% below fair value)
  • GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the THO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Thor Industries Business Description

Other Exchanges 0LF8:UKTIV:Germany
Address 52700 Independence Court, Elkhart, IN, USA, 46514-8155
Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth-wheel towables across about 35 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motor caravans, camper vans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts via the acquisition of Airxcel in 2021; however, this is still a nascent part of the business, as it accounted for less than 10% of fiscal 2025 total sales. In fiscal 2025, the company wholesaled 181,388 units and generated $9.6 billion in revenue.
73GF Score

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Change In Inventory is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$76.27
Price
$95.54
GF Value