Tecnoglass (Tecnoglass) Change In Inventory : $26.3 Mil (TTM As of Mar. 2024)

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What is Tecnoglass Change In Inventory?

Tecnoglass's change in inventory for the quarter that ended in Mar. 2024 was $13.7 Mil. It means Tecnoglass's inventory declined by $13.7 Mil from Dec. 2023 to Mar. 2024 .

Tecnoglass's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.5 Mil. It means Tecnoglass's inventory increased by $0.5 Mil from Dec. 2022 to Dec. 2023 .

Tecnoglass's Total Inventories for the quarter that ended in Mar. 2024 was $144.2 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tecnoglass's Days Inventory for the quarter that ended in Mar. 2024 was 117.30.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tecnoglass's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.78.

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. Tecnoglass's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.79.

Tecnoglass Change In Inventory Historical Data

The historical data trend for Tecnoglass's Change In 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.

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Tecnoglass Change In Inventory Chart

Tecnoglass Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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8.42

-1.68

-16.75

-63.94

-0.52

Tecnoglass Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-13.05	-2.54	0.31	14.75	13.74

Tecnoglass Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $26.3 Mil.

Tecnoglass (NYSE:TGLS) Change In Inventory Explanation

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

Tecnoglass's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	151.641	/	117.967	*	365 / 4
	=	117.30

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Tecnoglass's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	117.967	/	151.641
	=	0.78

3. 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.

Tecnoglass's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	151.641	/	192.627
	=	0.79

Tecnoglass Change In Inventory Related Terms

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Tecnoglass (Tecnoglass) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Tecnoglass Inc (NYSE:TGLS) » Definitions » Change In Inventory

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Traded in Other Exchanges

7FH:Germany

Address

Avenida Circunvalar a 100 mts de la Via 40, Barrio Las Flores, Barranquilla, COL

Website

https://www.tecnoglass.com

Tecnoglass Inc designs, manufactures, distributes, and markets architectural glass and windows. The company's products portfolio includes tempered, laminated, insulating and Solar Control Low-E glass. Its products are installed at hotels, residential buildings, commercial and corporate centers, airports and hospitals as floating facades, curtain walls, windows, doors, handrails, interior and dividers. Its majority of revenue is derived from the sale and installation of architectural glass and windows in the United States.

Executives

Energy Holding Corp	10 percent owner	AVALON MANAGEMENT LMT. LANDMARK SQ. 1 FL, 54 EARTH CLOSE,WESTBAY BEACH S PO BOX715, GRAND CAYMAN KY1-1107 E9 XXXXX
Jose M Daes	director, officer: Chief Executive Officer	AVENIDA CIRCUNVALAR A 100 MTS DE LA VIA, 40, BARRIO LAS FLORES, BARRANQUILLA F8 XXXXX
Christian T Daes	director, officer: Chief Operating Officer	AVENIDA CIRCUNVALAR A 100 MTS DE LA VIA, 40, BARRIO LAS FLORES, BARRANQUILLA F8 XXXXX
A Lorne Weil	director	C/O HYDRA INDUSTRIES ACQUISITION CORP, 250 WEST 57TH STREET, SUITE #2223, NEW YORK NY 10107
Julio A. Torres	director	CARRERA 10 NO. 28-49, TORRE A. OFICINA 20-05, BOGOTA F8 XXXXX
Anne Louise Carricarte	director	AVENIDA CIRCUNVALAR A 100 MTS DE LA VIA, BARRIO LAS FLORES, BARRANQUILLA F8 080001
Martha L Byorum	director	ONE BEEKMAN PLACE #9/10A, NEW YORK NY 10022
Cure Cure Carlos Alfredo	director	C/O TECNOGLASS INC., AVENIDA CIRCUNVALAR, A 100 MTS DE LA VIA 40 BARRIO LAS FLORES, BARRANQUILLA F8 000000
Castro Vergara Luis Fernando	director	C/O TECNOGLASS INC. AVENIDA CIRCUNVALAR, A 100 MTS DE LA VIA 40 BARRIO LAS FLORES, BARRANQUILLA F8 00000
Santiago Giraldo	officer: Chief Financial Officer	AVENIDA CIRCUNVALAR A 100 MTS, DE LA VIA 40, BARRIO LAS FLORES, BARRANQUILLA F8 00000
Joaquin Fernandez	officer: Chief Financial Officer	AVENIDA CIRCUNVALAR A LA 100 MTS DE LA, VIA 40, BARRIO LAS FLORES, BARRANQUILLA F8 XXXXX
Juan Carlos Vilarino	director	AVENIDA CIRCUNVALAR A 100 MTS, DE LA VIA 40, BARRIO LAS FLORES, BARRANQUILLA F8 XXXXX
Velilla Becerra Alberto Jose	10 percent owner	AVALON MGT LTD LANDMARK SQUARE,1ST FL 64, EARTH CLOSE, WEST BAY BEACH, S PO BOX715, GRAND CAYMAN KY1-1107 E9 XXXXX
Samuel R Azout	director	AVENIDA CIRCUNVALAR A 100 MTS DE LA VIA, 40, BARRIO LAS FLORES, BARRANQUILLA F8 XXXXX
B. Luke Weil	officer: Chief Executive Officer	CARRERA 10 NO. 28-49, TORRE A. OFICINA 20-05, BOGOTA F8 XXXXX