The historical rank and industry rank for Tree Island Steel's Days Inventory or its related term are showing as below:
TWIRF'
s Days Inventory Range Over the Past 10 Years
Min: 83.76 Med: 103.57 Max: 136.55
Current: 85.95
During the past 13 years, Tree Island Steel's highest Days Inventory was 136.55. The lowest was 83.76. And the median was 103.57.
TWIRF's Days Inventory is ranked better than 50.44% of 573
companies
in the Steel industry
Industry Median: 86.42
vs TWIRF: 85.95
Tree Island Steel's Days Inventory
increased
from Mar. 2023 (77.36) to Mar. 2024 (81.01).
It might indicate that Tree Island Steel's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Tree Island Steel's Inventory Turnover for the
three
months ended in Mar. 2024 was 1.13.
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.
Tree Island Steel's Inventory-to-Revenue for the
three
months ended in Mar. 2024 was 0.82.
Tree Island Steel Days Inventory Historical Data
The historical data trend for Tree Island Steel'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 Tree Island Steel's Days Inventory
For the Steel subindustry, Tree Island Steel'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.
Tree Island Steel's Days Inventory Distribution in the Steel Industry
For the Steel industry and Basic Materials sector, Tree Island Steel's Days Inventory distribution charts can be found below:
* The bar in red indicates where Tree Island Steel's Days Inventory falls into.
Tree Island Steel Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Tree Island Steel'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.
Tree Island Steel (OTCPK:TWIRF) 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.
Tree Island Steel's Inventory Turnover for the
three
months ended in Mar. 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.
Tree Island Steel's Inventory to Revenue for the
three
months ended in Mar. 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.
Tree Island Steel Days Inventory Related Terms
Thank you for viewing the detailed overview of Tree Island Steel's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Tree Island Steel (Tree Island Steel) Business Description
Tree Island Steel Ltd operates in the steel business. It is engaged in the manufacturing and sale of steel wire and related products for a range of applications. It offers products such as bulk nails, stucco reinforcing products, concrete reinforcing mesh, fencing, and other fabricated wire products. The firm groups its products into the following: Industrial, Commercial, Agricultural, Construction, and Residential Construction. Key revenue is derived from the Industrial segment. The products are offered under Tree Island, Halsteel, K-Lath, True spec, Toughstrand, and Stucco-rite brands. Geographically the firm has its business presence across the region of the United States, Canada, and other regions, of which the United States region accounts for the majority share of the revenue.
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