Days Inventory is also known as Days Sales of Inventory (DSI). The Toro Co's Average Total Inventories for the
three
months ended in Jan. 2024 was $1,132 Mil. The Toro Co's Cost of Goods Sold for the
three
months ended in Jan. 2024 was $657 Mil.
Hence, The Toro Co's Days Inventory for the
three
months ended in Jan. 2024 was 157.19.
The historical rank and industry rank for The Toro Co's Days Inventory or its related term are showing as below:
TTC'
s Days Inventory Range Over the Past 10 Years
Min: 67.12 Med: 82.67 Max: 142.87
Current: 142.87
During the past 13 years, The Toro Co's highest Days Inventory was 142.87. The lowest was 67.12. And the median was 82.67.
TTC's Days Inventory is ranked worse than 60.13% of 2907
companies
in the Industrial Products industry
Industry Median: 121.29
vs TTC: 142.87
The Toro Co's Days Inventory
increased
from Jan. 2023 (132.26) to Jan. 2024 (157.19).
It might indicate that The Toro Co's sales slowed down.
Inventory Turnover measures how fast the company turns over its inventory within a year.
The Toro Co's Inventory Turnover for the
three
months ended in Jan. 2024 was 0.58.
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.
The Toro Co's Inventory-to-Revenue for the
three
months ended in Jan. 2024 was 1.13.
The Toro Co Days Inventory Historical Data
The historical data trend for The Toro Co'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.
* Premium members only.
The Toro Co Annual Data
Trend
Oct14
Oct15
Oct16
Oct17
Oct18
Oct19
Oct20
Oct21
Oct22
Oct23
Days Inventory
88.18
108.72
96.82
108.48
131.18
The Toro Co Quarterly Data
Apr19
Jul19
Oct19
Jan20
Apr20
Jul20
Oct20
Jan21
Apr21
Jul21
Oct21
Jan22
Apr22
Jul22
Oct22
Jan23
Apr23
Jul23
Oct23
Jan24
Days Inventory
132.26
119.90
144.07
153.60
157.19
Competitive Comparison
For the Tools & Accessories subindustry, The Toro Co'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.
The Toro Co Days Inventory Distribution
For the Industrial Products industry and Industrials sector, The Toro Co's Days Inventory distribution charts can be found below:
* The bar in red indicates where The Toro Co's Days Inventory falls into.
The Toro Co Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
The Toro Co's Days Inventory for the fiscal year that ended in Oct. 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.
The Toro Co (NYSE:TTC) 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.
The Toro Co's Inventory Turnover for the
three
months ended in Jan. 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.
The Toro Co's Inventory to Revenue for the
three
months ended in Jan. 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.
The Toro Co Days Inventory Related Terms
Thank you for viewing the detailed overview of The Toro Co's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
The Toro Co manufactures turf maintenance and landscaping equipment. The company produces reel and rotary riding products, trim cutting and walking mowers, greens rollers, turf sprayer equipment, underground irrigation systems, heavy-duty walk-behind mowers, and sprinkler systems used for professional turf and landscape maintenance and construction. Its products are marketed through a network of distributors and dealers to predominantly professional users maintaining turfs and sports fields such as golf courses. Its operating segments are Professional which generates a substantial part of its revenue, and Residential segment. The company also produces snow plowers and ice management products. Its key revenue generating market is the United States.
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