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Titan International's total inventories for the quarter that ended in Dec. 2024 was $437 Mil. Titan International's average total inventories from the quarter that ended in Sep. 2024 to the quarter that ended in Dec. 2024 was $445 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Titan International's Net-Net Working Capital per share for the quarter that ended in Dec. 2024 was $-8.14.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Titan International's Days Inventory for the three months ended in Dec. 2024 was 118.71.
Inventory Turnover measures how fast the company turns over its inventory within a year. Titan International's Inventory Turnover for the quarter that ended in Dec. 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. Titan International's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 1.16.
The historical data trend for Titan International's Total Inventories 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.
Titan International Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
Total Inventories | Get a 7-Day Free Trial |
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293.68 | 392.62 | 397.22 | 365.16 | 437.19 |
Titan International Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
Total Inventories | Get a 7-Day Free Trial |
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365.16 | 504.95 | 464.65 | 453.63 | 437.19 |
Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.
Titan International (NYSE:TWI) Total Inventories Explanation
Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.
1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.
Titan International's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2024 is
Net-Net Working Capital Per Share (Q: Dec. 2024 ) | |||||||
= | (Cash And Cash Equivalents | + | 0.75 * Accounts Receivable | + | 0.5 * Total Inventories | - | Total Liabilities |
- | Preferred Stock | - | Minority Interest) | / | Shares Outstanding (EOP) | ||
= | (195.974 | + | 0.75 * 213.454 | + | 0.5 * 437.192 | - | 1091.297 |
- | 0 | - | -2.417) | / | 63.139 | ||
= | -8.14 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Titan International's Days Inventory for the three months ended in Dec. 2024 is calculated as:
Days Inventory | = | Average Total Inventories (Q: Dec. 2024 ) | / | Cost of Goods Sold (Q: Dec. 2024 ) | * | Days in Period |
= | 445.412 | / | 342.388 | * | 365 / 4 | |
= | 118.71 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Titan International's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as
Inventory Turnover | = | Cost of Goods Sold (Q: Dec. 2024 ) | / | Average Total Inventories (Q: Dec. 2024 ) |
= | 342.388 | / | 445.412 | |
= | 0.77 |
4. 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.
Titan International's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as
Inventory-to-Revenue | = | Average Total Inventories (Q: Dec. 2024 ) | / | Revenue (Q: Dec. 2024 ) |
= | 445.412 | / | 383.573 | |
= | 1.16 |
* 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
Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.
When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.
Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.
Thank you for viewing the detailed overview of Titan International's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Anthony Eheli | officer: VP, Chief Accounting Officer | 2701 SPRUCE STREET, QUINCY IL 62301 |
Max A Guinn | director | DEERE & COMPANY, ONE JOHN DEERE PLACE, MOLINE IL 61265 |
Michael G Troyanovich | officer: Secretary&Asst General Counsel | 2701 SPRUCE STREET, QUINCY IL 62301 |
Taylor Maurice M Jr | director, officer: President & CEO | 2701 SPRUCE STREET, QUINCY IL 62301 |
Paul G Reitz | officer: Chief Financial Officer | 1301 FIRST AVENUE, COLUMBUS GA 31901 |
Laura K Thompson | director | 200 INNOVATION WAY, AKRON OH 44316 |
Gary L Cowger | director | 5725 DELPHI DRIVE, TROY MI 48098 |
Mhr Institutional Advisors Iii Llc | 10 percent owner | 40 WEST 57 STREET, 24TH FLOOR, NEW YORK NY 10019 |
Mhr Institutional Partners Iii Lp | 10 percent owner | 40 WEST 57TH STREET, 24TH FLOOR, NEW YORK NY 10019 |
Mhr Holdings Llc | 10 percent owner | 40 WEST 57TH STREET, 24TH FLOOR, NEW YORK NY 10019 |
Mhr Fund Management Llc | 10 percent owner | 1345 AVENUE OF THE AMERICAS,, 42ND FLOOR, NEW YORK NY 10105 |
David A Martin | officer: Chief Financial Officer | C/O TITAN INTERNATIONAL, INC., 2701 SPRUCE STREET, QUINCY IL 62301 |
Amy S Evans | officer: Interim CFO | 2701 SPRUCE STREET, QUINCY IL 62301 |
James M Froisland | officer: Interim CFO | 385 PERSIMMON DRIVE, ST. CHARLES IL 60174 |
Anthony L Soave | director | C/O TITAN INTERNATIONAL CORP, 2701 SPRUCE STREET, QUINCY IL 62301 |
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