THO (Thor Industries) Inventory Turnover: 1.56 (As of Apr. 2026)

What is Thor Industries Inventory Turnover?

Thor Industries THO +0.47% 73 Inventory Turnover is 1.56 as of Apr. 2026. GuruFocus rates THO with a GF Score™ of 73/100 and a GF Value™ of $96.05 (Modestly Undervalued). The stock has 3 warning signs investors should review.

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. Thor Industries's Cost of Goods Sold for the three months ended in Apr. 2026 was $2,427 Mil. Thor Industries's Average Total Inventories for the quarter that ended in Apr. 2026 was $1,559 Mil. Thor Industries's Inventory Turnover for the quarter that ended in Apr. 2026 was 1.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Thor Industries's Days Inventory for the three months ended in Apr. 2026 was 58.63.

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. Thor Industries's Inventory-to-Revenue for the quarter that ended in Apr. 2026 was 0.56.

Thor Industries (NYSE:THO) 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.

Thor Industries's Days Inventory for the three months ended in Apr. 2026 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Apr. 2026 )	/	Cost of Goods Sold (Q: Apr. 2026 )	*	Days in Period
	=	1559.3695	/	2426.768	*	365 / 4
	=	58.63

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.

Thor Industries's Inventory to Revenue for the quarter that ended in Apr. 2026 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Apr. 2026 )	/	Revenue (Q: Apr. 2026 )
	=	1559.3695	/	2781.538
	=	0.56

* 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

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.

Thor Industries Inventory Turnover Related Terms

Thor Industries Inventory Turnover Historical Data

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The historical data trend for Thor Industries's Inventory Turnover can be seen below:

Thor Industries Inventory Turnover Chart

Thor Industries Annual Data

Trend

Jul16

Jul17

Jul18

Jul19

Jul20

Jul21

Jul22

Jul23

Jul24

Jul25

Inventory Turnover

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9.99

8.65

5.59

5.69

6.06

Thor Industries Quarterly Data
	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25	Apr25	Jul25	Oct25	Jan26	Apr26
Inventory Turnover	Get a 7-Day Free Trial															1.79	1.59	1.47	1.23	1.56

73GF Score

Thor Industries Inc THO

Inventory Turnover is just one metric. See GF Score™, valuation, warning signs, and more.

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Thor Industries Inventory Turnover Calculation

Thor Industries's Inventory Turnover for the fiscal year that ended in Jul. 2025 is calculated as

	Inventory Turnover (A: Jul. 2025 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jul. 2025 )	/ (	(Total Inventories (A: Jul. 2024 )	+	Total Inventories (A: Jul. 2025 ))	/	count )
=	8238.849	/ (	(1366.638	+	1351.796)	/	2 )
=	8238.849	/	1359.217
=	6.06

Thor Industries's Inventory Turnover for the quarter that ended in Apr. 2026 is calculated as

	Inventory Turnover (Q: Apr. 2026 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Apr. 2026 )	/ (	(Total Inventories (Q: Jan. 2026 )	+	Total Inventories (Q: Apr. 2026 ))	/	count )
=	2426.768	/ (	(1588.024	+	1530.715)	/	2 )
=	2426.768	/	1559.3695
=	1.56

Frequently Asked Questions Learn more about Inventory Turnover →

What does a Inventory Turnover of 1.56 mean?

Thor Industries (THO) has a Inventory Turnover of 1.56 as of Apr. 2026. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Thor Industries and its competitors.

Is Thor Industries' Inventory Turnover too high?

Thor Industries' current Inventory Turnover is 1.56. Overall, Thor Industries has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Thor Industries' Inventory Turnover compare to PII and PATK?

Thor Industries' Inventory Turnover of 1.56 can be compared against companies in the Vehicles & Parts industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Inventory Turnover for a Vehicles & Parts company?

A good Inventory Turnover depends on the Vehicles & Parts industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Inventory Turnover mean?

A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Thor Industries and its competitors. Thor Industries's current Inventory Turnover is 1.56. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Thor Industries stock overvalued right now?

Based on GuruFocus' analysis, Thor Industries (THO) is currently considered Modestly Undervalued. The stock's GF Value™ is $96.05, compared to a current price of $75.52 — trading 21.4% below its estimated fair value. The current Inventory Turnover is 1.56. Thor Industries' overall GF Score™ is 73/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Inventory Turnover calculated?

Inventory Turnover is calculated from a company's financial statements. For Thor Industries (THO), the current Inventory Turnover is 1.56 as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Thor Industries (THO) Overvalued in 2026?

Based on GuruFocus' analysis, Thor Industries stock appears to be undervalued. The current stock price of $75.52 is trading 21.4% below its estimated GF Value™ of $96.05. GuruFocus considers Thor Industries to be Modestly Undervalued.

Key valuation signals for THO:

Inventory Turnover: 1.56
GF Value™: $96.05 vs. price of $75.52 (21.4% below fair value)
GF Score™: 73/100 with 3 warning signs

No single metric tells the full story. See the THO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Thor Industries Business Description

Industry Consumer Cyclical Vehicles & Parts

Comparable Companies PII PATK HOG BC LCII WGO MCFT MBUU KNDI MAMO SHSE:603129 TSX:DOO XPAR:TRI MIL:SL ISX:VKTR MIL:YACHT NZSE:THL HKSE:00805 XPAR:BEN TPE:8478

Other Exchanges 0LF8:UK TIV:Germany

Address 52700 Independence Court, Elkhart, IN, USA, 46514-8155

Website https://www.thorindustries.com

Based in Elkhart, Indiana, Thor Industries manufactures Class A, Class B, and Class C motor homes along with travel trailers and fifth-wheel towables across about 35 brands. Through the acquisition of Erwin Hymer in 2019, the company expanded its geographic footprint and now produces various motorized and towable recreational vehicles for Europe, including motor caravans, camper vans, urban vehicles, caravans, and other RV-related products and services. The company has also begun generating revenue through aftermarket component parts via the acquisition of Airxcel in 2021; however, this is still a nascent part of the business, as it accounted for less than 10% of fiscal 2025 total sales. In fiscal 2025, the company wholesaled 181,388 units and generated $9.6 billion in revenue.

73GF Score

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$75.52

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$96.05

GF Value

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