TORM (TOR Minerals International) Change In Inventory : $3.24 Mil (TTM As of Dec. 2017)

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What is TOR Minerals International Change In Inventory?

TOR Minerals International's change in inventory for the quarter that ended in Dec. 2017 was $3.24 Mil. It means TOR Minerals International's inventory declined by $3.24 Mil from Dec. 2016 to Dec. 2017 .

TOR Minerals International's change in inventory for the fiscal year that ended in Dec. 2017 was $3.24 Mil. It means TOR Minerals International's inventory declined by $3.24 Mil from Dec. 2016 to Dec. 2017 .

TOR Minerals International's Total Inventories for the quarter that ended in Dec. 2017 was $9.14 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TOR Minerals International's Days Inventory for the quarter that ended in Dec. 2017 was 53.89.

Inventory Turnover measures how fast the company turns over its inventory within a year. TOR Minerals International's Inventory Turnover for the quarter that ended in Dec. 2017 was 3.39.

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. TOR Minerals International's Inventory-to-Revenue for the quarter that ended in Dec. 2017 was 0.27.

TOR Minerals International Change In Inventory Historical Data

The historical data trend for TOR Minerals International'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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TOR Minerals International Change In Inventory Chart

TOR Minerals International Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Change In Inventory

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-0.01

-0.34

2.25

1.94

3.24

TOR Minerals International Semi-Annual Data
	Dec98	Dec99	Dec00	Dec01	Dec02	Dec03	Dec04	Dec05	Dec06	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14	Dec15	Dec16	Dec17
Change In Inventory	Get a 7-Day Free Trial															-0.01	-0.34	2.25	1.94	3.24

TOR Minerals International Change In Inventory Calculation

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

For stock reported annually, GuruFocus uses latest annual data as the TTM data. Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2017 was $3.24 Mil.

TOR Minerals International (OTCPK:TORM) Change In Inventory Explanation

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

TOR Minerals International's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	10.456	/	35.412	*	365 / 2
	=	53.89

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

TOR Minerals International's Inventory Turnover for the quarter that ended in Dec. 2017 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	35.412	/	10.456
	=	3.39

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.

TOR Minerals International's Inventory to Revenue for the quarter that ended in Dec. 2017 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	10.456	/	38.966
	=	0.27

TOR Minerals International Change In Inventory Related Terms

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TOR Minerals International Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » TOR Minerals International Inc (OTCPK:TORM) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

615 N Upper Broadway, Suite 410, Corpus Christi, TX, USA, 78401

Website

https://www.torminerals.com

TOR Minerals International Inc is engaged in the manufacture and sale of mineral products for use as pigments and extenders, majorly in the manufacture of paints, industrial coatings plastics, and solid surface applications. It has a business presence in the U.S., Pacific Rim; Canada, Mexico and South/Central America; Europe, Africa and the Middle East countries. Some of its products are Aluprem, Hitox and Tioprem, BARTEX and Haltex, among others.

Executives

Steven E Paulson	director	722 BURLESON STREET, CORPUS CHRISTI TX 78402
Mark A Graber	10 percent owner	2220 NORTHSTAR STREET, NUMBER 17, ANCHORAGE AK 99503

TOR Minerals International Headlines

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