Tyman (LSE:TYMN) Inventory Turnover : 1.73 (As of Dec. 2023)

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What is Tyman Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Tyman's Cost of Goods Sold for the six months ended in Dec. 2023 was £217.5 Mil. Tyman's Average Total Inventories for the quarter that ended in Dec. 2023 was £125.4 Mil. Tyman's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.73.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tyman's Days Inventory for the six months ended in Dec. 2023 was 105.22.

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. Tyman's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.38.

Tyman Inventory Turnover Historical Data

The historical data trend for Tyman's Inventory Turnover 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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Tyman Inventory Turnover Chart

Tyman Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.21

4.41

3.82

3.39

3.23

Tyman Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															1.78	1.58	1.55	1.56	1.73

Tyman Inventory Turnover Calculation

Tyman's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	439.5	/ (	(153.1	+	119)	/	2 )
=	439.5	/	136.05
=	3.23

Tyman's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	217.5	/ (	(131.8	+	119)	/	2 )
=	217.5	/	125.4
=	1.73

Tyman (LSE:TYMN) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Tyman's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	125.4	/	217.5	*	365 / 2
	=	105.22

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.

Tyman's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	125.4	/	327.7
	=	0.38

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Tyman Inventory Turnover Related Terms

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Tyman (LSE:TYMN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tyman PLC (LSE:TYMN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

TYMNl:UK TYMN.GB:UK LUO1:Germany

Address

29 Queen Anne’s Gate, London, GBR, SW1H 9BU

Website

https://www.tymanplc.com

Tyman PLC operates in the building materials industry. Its product portfolio covers hardware and sealing solutions required for doors and windows and a full suite of solutions for roof, wall, and floor access in residential and commercial buildings. Some of its brands are AmesburyTruth, Access 360, ERA, SchlegelGiesse, ZOO, and Bilco. The company operates in three segments based on its geography: North America, UK & Ireland, and International. The North America segment comprises its operations within the United States, Canada, and Mexico. UK & Ireland comprises the Group's UK and Ireland hardware business, together with Access 360 and Tyman Sourcing Asia. The majority of its revenue comes from its North America segment.

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