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Titan Cement International (XBRU:TITC) Days Inventory : 74.98 (As of Dec. 2023)


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What is Titan Cement International Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Titan Cement International's Average Total Inventories for the three months ended in Dec. 2023 was €394 Mil. Titan Cement International's Cost of Goods Sold for the three months ended in Dec. 2023 was €479 Mil. Hence, Titan Cement International's Days Inventory for the three months ended in Dec. 2023 was 74.98.

The historical rank and industry rank for Titan Cement International's Days Inventory or its related term are showing as below:

XBRU:TITC' s Days Inventory Range Over the Past 10 Years
Min: 67.59   Med: 75.26   Max: 99.63
Current: 99.63

During the past 8 years, Titan Cement International's highest Days Inventory was 99.63. The lowest was 67.59. And the median was 75.26.

XBRU:TITC's Days Inventory is ranked worse than
59.46% of 370 companies
in the Building Materials industry
Industry Median: 84.265 vs XBRU:TITC: 99.63

Titan Cement International's Days Inventory increased from Sep. 2022 (64.75) to Dec. 2023 (74.98). It might indicate that Titan Cement International's sales slowed down.

Warning Sign:

If a company builds up inventory, it may mean it is having difficulties selling its goods.

Inventory Turnover measures how fast the company turns over its inventory within a year. Titan Cement International's Inventory Turnover for the three months ended in Dec. 2023 was 1.22.

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 Cement International's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.60.


Titan Cement International Days Inventory Historical Data

The historical data trend for Titan Cement International'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.

Titan Cement International Days Inventory Chart

Titan Cement International Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Inventory
Get a 7-Day Free Trial 79.07 74.83 71.99 67.59 75.69

Titan Cement International Quarterly Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Mar24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 71.59 - 74.92 74.98 74.24

Competitive Comparison of Titan Cement International's Days Inventory

For the Building Materials subindustry, Titan Cement International'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 Cement International's Days Inventory Distribution in the Building Materials Industry

For the Building Materials industry and Basic Materials sector, Titan Cement International's Days Inventory distribution charts can be found below:

* The bar in red indicates where Titan Cement International's Days Inventory falls into.



Titan Cement International Days Inventory Calculation

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

Titan Cement International's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

Days Inventory (A: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (394.672 + 395.477) / 2 ) / 1905.121*365
=395.0745 / 1905.121*365
=75.69

Titan Cement International's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

Days Inventory (Q: Dec. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count ) / Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=( (392.256 + 395.477) / 2 ) / 479.321*365 / 4
=393.8665 / 479.321*365 / 4
=74.98

* 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 Cement International  (XBRU:TITC) 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 Cement International's Inventory Turnover for the three months ended in Dec. 2023 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 Cement International's Inventory to Revenue for the three months ended in Dec. 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.


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 Cement International Days Inventory Related Terms

Thank you for viewing the detailed overview of Titan Cement International's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.


Titan Cement International (XBRU:TITC) Business Description

Traded in Other Exchanges
Address
Rue de la Loi 23, 7th Floor, P.O. Box 4, Brussels, BEL, 1040
Titan Cement International SA and its subsidiaries are engaged in the production, trade, and distribution of a wide range of construction materials, including cement, concrete, aggregates, cement blocks, dry mortars and fly ash. Its Geographical operating segment includes Greece and Western Europe; North America; South Eastern Europe and Eastern Mediterranean. The company derives a majority of revenue from North America.

Titan Cement International (XBRU:TITC) Headlines

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