TerraVest Industries (TSX:TVK) Change In Inventory : C$16.6 Mil (TTM As of Mar. 2024)

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What is TerraVest Industries Change In Inventory?

TerraVest Industries's change in inventory for the quarter that ended in Mar. 2024 was C$-10.6 Mil. It means TerraVest Industries's inventory increased by C$10.6 Mil from Dec. 2023 to Mar. 2024 .

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

TerraVest Industries's Total Inventories for the quarter that ended in Mar. 2024 was C$205.8 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TerraVest Industries's Days Inventory for the quarter that ended in Mar. 2024 was 119.72.

Inventory Turnover measures how fast the company turns over its inventory within a year. TerraVest Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.76.

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. TerraVest Industries's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.93.

TerraVest Industries Change In Inventory Historical Data

The historical data trend for TerraVest Industries'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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TerraVest Industries Change In Inventory Chart

TerraVest Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Inventory

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-5.18

4.65

-33.44

-34.81

-7.14

TerraVest Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-11.34	-7.09	11.30	22.94	-10.59

TerraVest Industries 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 Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was C$16.6 Mil.

TerraVest Industries (TSX:TVK) Change In Inventory Explanation

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

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

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	199.3775	/	151.969	*	365 / 4
	=	119.72

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

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	151.969	/	199.3775
	=	0.76

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	199.3775	/	214.943
	=	0.93

TerraVest Industries Change In Inventory Related Terms

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TerraVest Industries (TSX:TVK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » TerraVest Industries Inc (TSX:TVK) » Definitions » Change In Inventory

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TRRVF:USA

Address

60 Street, Suite 6205, Vegreville, AB, CAN, T9C 1P7

Website

https://www.terravestindustries.com

TerraVest Industries Inc is a manufacturer of home heating products, propane, anhydrous ammonia, natural gas liquids transport vehicles, storage vessels, energy processing equipment, and fiberglass storage tanks. The company's operating segments include, : Home Heating and Cooling Products (HVAC Equipment), Compressed Gas Storage and Distribution Equipment (Compressed Gas Equipment), Energy Processing Equipment (Processing Equipment) and Service. Majority of the revenue for the company is generated from its Compressed Gas Equipment segment which manufactures engineered products for the storage, distribution and dispensing of compressed gases including liquid propane gas, natural gas liquids, carbon dioxide and other gases. The company operates in Canada and United States.

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