TFI International (TSX:TFII) Inventory Turnover : 69.36 (As of Mar. 2024)

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What is TFI International Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. TFI International's Cost of Goods Sold for the three months ended in Mar. 2024 was C$2,191 Mil. TFI International's Average Total Inventories for the quarter that ended in Mar. 2024 was C$32 Mil. TFI International's Inventory Turnover for the quarter that ended in Mar. 2024 was 69.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TFI International's Days Inventory for the three months ended in Mar. 2024 was 1.32.

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. TFI International's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.01.

TFI International Inventory Turnover Historical Data

The historical data trend for TFI International's Inventory Turnover 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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TFI International Inventory Turnover Chart

TFI International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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337.77

328.53

372.79

313.13

262.44

TFI International Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															69.64	65.34	64.07	64.37	69.36

TFI International Inventory Turnover Calculation

TFI International's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	8529.146	/ (	(32.85	+	32.15)	/	2 )
=	8529.146	/	32.5
=	262.44

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

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	2190.662	/ (	(32.15	+	31.015)	/	2 )
=	2190.662	/	31.5825
=	69.36

TFI International (TSX:TFII) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

TFI International's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	31.5825	/	2190.662	*	365 / 4
	=	1.32

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.

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

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	31.5825	/	2532.335
	=	0.01

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

TFI International Inventory Turnover Related Terms

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TFI International (TSX:TFII) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » TFI International Inc (TSX:TFII) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

TFII:USA

Address

8801 Trans-Canada Highway, Suite 500, Saint-Laurent, Montreal, QC, CAN, H4S 1Z6

Website

https://www.tfiintl.com

TFI International Inc is a transportation and logistics company domiciled in Canada. The company organises itself into four segments: package and courier, less-than-truckload, truckload, and logistics. The package and courier segment picks up, transports, and delivers items across North America. The less-than-truckload segment transports smaller loads. The truckload segment transports goods by flatbed trucks, containers, or a more specialised service. The company provides general logistics services through the logistics segment. TFI International derives the majority of revenue domestically, followed by the United States.

Executives

David Joseph Saperstein

Senior Officer