Tornado Global Hydrovacs (TSXV:TGH) Inventory Turnover : 1.19 (As of Mar. 2024)

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What is Tornado Global Hydrovacs 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. Tornado Global Hydrovacs's Cost of Goods Sold for the three months ended in Mar. 2024 was C$28.2 Mil. Tornado Global Hydrovacs's Average Total Inventories for the quarter that ended in Mar. 2024 was C$23.6 Mil. Tornado Global Hydrovacs's Inventory Turnover for the quarter that ended in Mar. 2024 was 1.19.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Tornado Global Hydrovacs's Days Inventory for the three months ended in Mar. 2024 was 76.49.

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. Tornado Global Hydrovacs's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.70.

Tornado Global Hydrovacs Inventory Turnover Historical Data

The historical data trend for Tornado Global Hydrovacs'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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Tornado Global Hydrovacs Inventory Turnover Chart

Tornado Global Hydrovacs Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.08

2.60

3.24

3.63

4.16

Tornado Global Hydrovacs 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															0.83	0.79	0.88	1.02	1.19

Tornado Global Hydrovacs Inventory Turnover Calculation

Tornado Global Hydrovacs'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 )
=	85.408	/ (	(18.535	+	22.571)	/	2 )
=	85.408	/	20.553
=	4.16

Tornado Global Hydrovacs'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 )
=	28.162	/ (	(22.571	+	24.644)	/	2 )
=	28.162	/	23.6075
=	1.19

Tornado Global Hydrovacs (TSXV:TGH) 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.

Tornado Global Hydrovacs'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
	=	23.6075	/	28.162	*	365 / 4
	=	76.49

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.

Tornado Global Hydrovacs'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 )
	=	23.6075	/	33.904
	=	0.70

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.

Tornado Global Hydrovacs Inventory Turnover Related Terms

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Tornado Global Hydrovacs (TSXV:TGH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Tornado Global Hydrovacs Ltd (TSXV:TGH) » Definitions » Inventory Turnover

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Traded in Other Exchanges

TGHLF:USA

Address

7015 MacLeod Trail South West, Suite 510, Calgary, AB, CAN, T2H 2K6

Website

https://www.tghl.ca

Tornado Global Hydrovacs Ltd is a truck manufacturer. The company, through its subsidiaries, designs, fabricates, manufactures, and sells hydrovac trucks to excavation service providers in the municipal and oil and gas markets in North America and has expanded into China. It has two geographic operating segments, North American manufacturing and sales operations, and its China operation. The majority of its revenue is derived from the North American manufacturing segment.

Executives

Alastair James Robertson

Senior Officer