Titan Cement International (XBRU:TITC) Inventory Turnover : 1.22 (As of Dec. 2023)

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What is Titan Cement 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. Titan Cement International's Cost of Goods Sold for the three months ended in Dec. 2023 was €479 Mil. Titan Cement International's Average Total Inventories for the quarter that ended in Dec. 2023 was €394 Mil. Titan Cement International's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.22.

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 three months ended in Dec. 2023 was 74.98.

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 quarter that ended in Dec. 2023 was 0.60.

Titan Cement International Inventory Turnover Historical Data

The historical data trend for Titan Cement 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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Titan Cement International Inventory Turnover Chart

Titan Cement International Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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4.62

4.88

5.07

5.40

4.82

Titan Cement International Quarterly Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial											1.27	-	1.22	1.22	1.23

Titan Cement International Inventory Turnover Calculation

Titan Cement 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 )
=	1905.121	/ (	(394.672	+	395.477)	/	2 )
=	1905.121	/	395.0745
=	4.82

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

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	479.321	/ (	(392.256	+	395.477)	/	2 )
=	479.321	/	393.8665
=	1.22

Titan Cement International (XBRU:TITC) 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.

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

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

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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	393.8665	/	654.756
	=	0.60

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.

Titan Cement International Inventory Turnover Related Terms

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Titan Cement International (XBRU:TITC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Building Materials » Titan Cement International SA (XBRU:TITC) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

TTCIF:USA TITC:Greece TCJ:Germany

Address

Rue de la Loi 23, 7th Floor, P.O. Box 4, Brussels, BEL, 1040

Website

https://www.titan-cement.com

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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