The historical rank and industry rank for Toromont Industries's Days Inventory or its related term are showing as below:
TSX:TIH'
s Days Inventory Range Over the Past 10 Years
Min: 90.65 Med: 113.45 Max: 123.41
Current: 121.16
During the past 13 years, Toromont Industries's highest Days Inventory was 123.41. The lowest was 90.65. And the median was 113.45.
TSX:TIH's Days Inventory is ranked worse than 65.13% of 152
companies
in the Industrial Distribution industry
Industry Median: 89.205
vs TSX:TIH: 121.16
Toromont Industries's Days Inventory
declined
from Sep. 2023 (122.71) to Sep. 2024 (118.93).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Toromont Industries's Inventory Turnover for the
three
months ended in Sep. 2024 was 0.77.
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.
Toromont Industries's Inventory-to-Revenue for the
three
months ended in Sep. 2024 was 0.98.
Toromont Industries Days Inventory Historical Data
The historical data trend for Toromont Industries'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.
Competitive Comparison of Toromont Industries's Days Inventory
For the Industrial Distribution subindustry, Toromont Industries'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.
Toromont Industries's Days Inventory Distribution in the Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Toromont Industries's Days Inventory distribution charts can be found below:
* The bar in red indicates where Toromont Industries's Days Inventory falls into.
Toromont Industries Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Toromont Industries's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Toromont Industries (TSX:TIH) 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.
Toromont Industries's Inventory Turnover for the
three
months ended in Sep. 2024 is calculated as
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.
Toromont Industries's Inventory to Revenue for the
three
months ended in Sep. 2024 is calculated as
* 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.
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.
Toromont Industries Days Inventory Related Terms
Thank you for viewing the detailed overview of Toromont Industries's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Toromont Industries Ltd is a Canadian industrial company. The company operates two business segments: Equipment Group and CIMCO. The larger segment by revenue, Equipment Group supplies and rents mobile and stationary machines used in road building, mining, aggregates, public infrastructure, residential construction, power generation, agriculture, forestry, truck engines, industrial, demolition and waste management. CIMCO offers solutions for the design, engineering, fabrication, and installation of industrial and recreational refrigeration systems. The company operates majorly in Canada and derives a smaller portion of sales from the United States of America and other regions.
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