TriMas (TriMas) Change In Inventory

: $-7.1 Mil (TTM As of Dec. 2023)

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TriMas's change in inventory for the quarter that ended in Dec. 2023 was $-8.9 Mil. It means TriMas's inventory increased by $8.9 Mil from Sep. 2023 to Dec. 2023 .

TriMas's change in inventory for the fiscal year that ended in Dec. 2023 was $-7.1 Mil. It means TriMas's inventory increased by $7.1 Mil from Dec. 2022 to Dec. 2023 .

TriMas's Total Inventories for the quarter that ended in Dec. 2023 was $192.5 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TriMas's Days Inventory for the quarter that ended in Dec. 2023 was 102.77.

Inventory Turnover measures how fast the company turns over its inventory within a year. TriMas's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.89.

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. TriMas's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.89.

TriMas Change In Inventory Historical Data

The historical data trend for TriMas's Change In 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.

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TriMas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

0.74

3.98

-0.96

-6.97

-7.07

TriMas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Change In Inventory																12.01	-1.59	4.09	-0.70	-8.87

TriMas Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-7.1 Mil.

TriMas (NAS:TRS) Change In Inventory Explanation

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

TriMas's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	187.39	/	166.39	*	365 / 4
	=	102.77

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	166.39	/	187.39
	=	0.89

3. 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.

TriMas's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	187.39	/	209.56
	=	0.89

TriMas Change In Inventory Related Terms

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TriMas (TriMas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » TriMas Corp (NAS:TRS) » Definitions » Change In Inventory

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Traded in Other Exchanges

MQ1:Germany

Address

38505 Woodward Avenue, Suite 200, Bloomfield Hills, MI, USA, 48304

Website

https://www.trimascorp.com

TriMas Corp is a United States-based company that designs, manufactures, and distributes engineered and applied products. The company operates through three segments. The packaging segment manufactures and distributes closure and dispensing systems. The aerospace segment supplies blind bolts, fasteners, rivets, and other products for the aerospace industry. The specialty product segment manufactures and distributes steel cylinders, wellhead engines, compression systems, industrial sealing, and fasteners.

Executives

Teresa M. Finley	director	927 STOVALL BOULEVARD NE, ATLANTA GA 30319
Daniel P Tredwell	director	177 BROAD STREET, 10TH FLOOR, STAMFORD CT 06901
Scott A Mell	officer: Chief Financial Officer	4884 CIDER HILL DRIVE, ROCHESTER MI 48306
Jodi F. Robin	officer: General Counsel and Secretary	38505 WOODWARD AVENUE, BLOOMFIELD HILLS MI 48304
Paul Swart	other: Chief Accounting Officer	38505 WOODWARD AVENUE, STE. 200, BLOOMFIELD HILLS MI 48304
Jeffrey A Fielkow	director	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Samuel Iii Valenti	director, officer: Chairman	39400 WOODWARD AVENUE, SUITE 100, BLOOMFIELD HILLS MI 48304
Thomas A Amato	director, officer: President and CEO	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Salik Fabio Leandro Matheus	officer: President, TriMas Packaging	3012 FOREST CREEK CT., NAPERVILLE IL 60565
John Philip Schaefer	officer: President, TriMas Aerospace	27411 VALDERAS, MISSION VIEJO CA 92691
Jeffrey M Greene	director	4990 OLDE TOWNE WAY, MARIETTA GA 30068
Robert J Zalupski	officer: Vice President & Treasurer	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Joshua A Sherbin	officer: Vice President & Secretary	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Herbert K Parker	director	38505 WOODWARD AVENUE, SUITE 200, BLOOMFIELD HILLS MI 48304
Holly M Boehne	director	6955 BLACK DUCK DRIVE, LINO LAKES MN 55014