Days Inventory is also known as Days Sales of Inventory (DSI). Titan Logix's Average Total Inventories for the
three
months ended in Feb. 2024 was C$1.34 Mil. Titan Logix's Cost of Goods Sold for the
three
months ended in Feb. 2024 was C$0.93 Mil.
Hence, Titan Logix's Days Inventory for the
three
months ended in Feb. 2024 was 131.71.
The historical rank and industry rank for Titan Logix's Days Inventory or its related term are showing as below:
TSXV:TLA'
s Days Inventory Range Over the Past 10 Years
Min: 89.75 Med: 170.53 Max: 226.88
Current: 156.34
During the past 13 years, Titan Logix's highest Days Inventory was 226.88. The lowest was 89.75. And the median was 170.53.
TSXV:TLA's Days Inventory is ranked worse than 64.59% of 2912
companies
in the Industrial Products industry
Industry Median: 120.56
vs TSXV:TLA: 156.34
Titan Logix's Days Inventory
declined
from Feb. 2023 (196.45) to Feb. 2024 (131.71).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Titan Logix's Inventory Turnover for the
three
months ended in Feb. 2024 was 0.69.
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 Logix's Inventory-to-Revenue for the
three
months ended in Feb. 2024 was 0.76.
Titan Logix Days Inventory Historical Data
The historical data trend for Titan Logix'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.
Competitive Comparison of Titan Logix's Days Inventory
For the Specialty Industrial Machinery subindustry, Titan Logix'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.
Titan Logix's Days Inventory Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Titan Logix's Days Inventory distribution charts can be found below:
* The bar in red indicates where Titan Logix's Days Inventory falls into.
Titan Logix Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Titan Logix's Days Inventory for the fiscal year that ended in Aug. 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.
Titan Logix (TSXV:TLA) 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.
Titan Logix's Inventory Turnover for the
three
months ended in Feb. 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.
Titan Logix's Inventory to Revenue for the
three
months ended in Feb. 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.
Titan Logix Days Inventory Related Terms
Thank you for viewing the detailed overview of Titan Logix's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Titan Logix Corp designs and manufactures mobile liquid measurement solutions to help businesses reduce risk and maximize efficiencies in bulk liquid transportation. Titan's TD Series of tank-level monitors are known for their high level of accuracy, rugged design, and solid-state reliability. The solutions are designed for hazardous and non-hazardous applications and serve customers in a wide range of applications including petroleum, environmental solutions, chemical and agriculture. The company predominantly operates in two geographic regions that is Canada and the United States. It derives majority of its revenue from its business in the United States.
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