TGLS (Tecnoglass) Days Inventory : 96.89 (As of Dec. 2024)

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What is Tecnoglass Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Tecnoglass's Average Total Inventories for the three months ended in Dec. 2024 was $141.3 Mil. Tecnoglass's Cost of Goods Sold for the three months ended in Dec. 2024 was $133.1 Mil. Hence, Tecnoglass's Days Inventory for the three months ended in Dec. 2024 was 96.89.

The historical rank and industry rank for Tecnoglass's Days Inventory or its related term are showing as below:

TGLS' s Days Inventory Range Over the Past 10 Years
Min: 93.68 Med: 107.15 Max: 126.17
Current: 102.78

During the past 13 years, Tecnoglass's highest Days Inventory was 126.17. The lowest was 93.68. And the median was 107.15.

TGLS's Days Inventory is ranked worse than
57.4% of 385 companies
in the Building Materials industry
Industry Median: 88.27 vs TGLS: 102.78

Tecnoglass's Days Inventory declined from Dec. 2023 (132.81) to Dec. 2024 (96.89).

Inventory Turnover measures how fast the company turns over its inventory within a year. Tecnoglass's Inventory Turnover for the three months ended in Dec. 2024 was 0.94.

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. Tecnoglass's Inventory-to-Revenue for the three months ended in Dec. 2024 was 0.59.

Tecnoglass Days Inventory Historical Data

The historical data trend for Tecnoglass's Days 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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Tecnoglass Days Inventory Chart

Tecnoglass Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Inventory

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126.17

103.11

104.39

117.20

106.85

Tecnoglass Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Inventory	Get a 7-Day Free Trial															132.81	117.30	97.06	97.35	96.89

Competitive Comparison of Tecnoglass's Days Inventory

For the Building Materials subindustry, Tecnoglass's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tecnoglass's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Tecnoglass's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tecnoglass's Days Inventory falls into.

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Tecnoglass Days Inventory Calculation

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

Tecnoglass's Days Inventory for the fiscal year that ended in Dec. 2024 is calculated as

	Days Inventory (A: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (159.07	+	139.642)	/	2 )	/	510.209	*	365
=	149.356					/	510.209	*	365
=	106.85

Tecnoglass's Days Inventory for the quarter that ended in Dec. 2024 is calculated as:

	Days Inventory (Q: Dec. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (142.942	+	139.642)	/	2 )	/	133.071	*	365 / 4
=	141.292					/	133.071	*	365 / 4
=	96.89

Tecnoglass (NYSE:TGLS) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Tecnoglass's Inventory Turnover for the three months ended in Dec. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	133.071	/	141.292
	=	0.94

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.

Tecnoglass's Inventory to Revenue for the three months ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	141.292	/	239.573
	=	0.59

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Tecnoglass Days Inventory Related Terms

Thank you for viewing the detailed overview of Tecnoglass's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Tecnoglass Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Tecnoglass Inc (NYSE:TGLS) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

7FH:Germany

Address

Avenida Circunvalar a 100 mts de la Via 40, Barrio Las Flores, Barranquilla, COL

Website

https://www.tecnoglass.com

Tecnoglass Inc is a manufacturer of hi-spec architectural glass and windows for residential and commercial construction industries, operating through its direct and indirect subsidiaries. Its product offerings include tempered glass, laminated glass, thermo-acoustic glass, sliding windows, projecting windows, guillotine windows, sliding doors, loating facades, automatic doors, bathroom dividers, and commercial display windows, among others. The company has one operating segment, Architectural Glass and Windows, which is also its reporting segment. Geographically, the company generates maximum revenue from its customers in the United States, followed by Colombia, Panama, and other regions.

Executives

A Lorne Weil	director	C/O HYDRA INDUSTRIES ACQUISITION CORP, 250 WEST 57TH STREET, SUITE #2223, NEW YORK NY 10107
Julio A. Torres	director	CARRERA 10 NO. 28-49, TORRE A. OFICINA 20-05, BOGOTA F8 XXXXX
Energy Holding Corp	10 percent owner	AVALON MANAGEMENT LMT. LANDMARK SQ. 1 FL, 54 EARTH CLOSE,WESTBAY BEACH S PO BOX715, GRAND CAYMAN KY1-1107 E9 XXXXX
Santiago Giraldo	officer: Chief Financial Officer	AVENIDA CIRCUNVALAR A 100 MTS, DE LA VIA 40, BARRIO LAS FLORES, BARRANQUILLA F8 00000
Jose M Daes	director, officer: Chief Executive Officer	AVENIDA CIRCUNVALAR A 100 MTS DE LA VIA, 40, BARRIO LAS FLORES, BARRANQUILLA F8 XXXXX
Christian T Daes	director, officer: Chief Operating Officer	AVENIDA CIRCUNVALAR A 100 MTS DE LA VIA, 40, BARRIO LAS FLORES, BARRANQUILLA F8 XXXXX
Anne Louise Carricarte	director	AVENIDA CIRCUNVALAR A 100 MTS DE LA VIA, BARRIO LAS FLORES, BARRANQUILLA F8 080001
Martha L Byorum	director	ONE BEEKMAN PLACE #9/10A, NEW YORK NY 10022
Cure Cure Carlos Alfredo	director	C/O TECNOGLASS INC., AVENIDA CIRCUNVALAR, A 100 MTS DE LA VIA 40 BARRIO LAS FLORES, BARRANQUILLA F8 000000
Castro Vergara Luis Fernando	director	C/O TECNOGLASS INC. AVENIDA CIRCUNVALAR, A 100 MTS DE LA VIA 40 BARRIO LAS FLORES, BARRANQUILLA F8 00000
Joaquin Fernandez	officer: Chief Financial Officer	AVENIDA CIRCUNVALAR A LA 100 MTS DE LA, VIA 40, BARRIO LAS FLORES, BARRANQUILLA F8 XXXXX
Juan Carlos Vilarino	director	AVENIDA CIRCUNVALAR A 100 MTS, DE LA VIA 40, BARRIO LAS FLORES, BARRANQUILLA F8 XXXXX
Velilla Becerra Alberto Jose	10 percent owner	AVALON MGT LTD LANDMARK SQUARE,1ST FL 64, EARTH CLOSE, WEST BAY BEACH, S PO BOX715, GRAND CAYMAN KY1-1107 E9 XXXXX
Samuel R Azout	director	AVENIDA CIRCUNVALAR A 100 MTS DE LA VIA, 40, BARRIO LAS FLORES, BARRANQUILLA F8 XXXXX
B. Luke Weil	officer: Chief Executive Officer	CARRERA 10 NO. 28-49, TORRE A. OFICINA 20-05, BOGOTA F8 XXXXX