TerraVest Industries (TSX:TVK) Inventory Turnover : 0.76 (As of Mar. 2024)

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What is TerraVest Industries 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. TerraVest Industries's Cost of Goods Sold for the three months ended in Mar. 2024 was C$152.0 Mil. TerraVest Industries's Average Total Inventories for the quarter that ended in Mar. 2024 was C$199.4 Mil. TerraVest Industries's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.76.

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 three months ended in Mar. 2024 was 119.72.

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 Inventory Turnover Historical Data

The historical data trend for TerraVest Industries'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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TerraVest Industries Inventory Turnover Chart

TerraVest Industries Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Inventory Turnover

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3.00

2.77

2.05

2.76

2.64

TerraVest Industries 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															0.68	0.57	0.63	0.83	0.76

TerraVest Industries Inventory Turnover Calculation

TerraVest Industries's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	512.391	/ (	(191.244	+	197.249)	/	2 )
=	512.391	/	194.2465
=	2.64

TerraVest Industries'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 )
=	151.969	/ (	(192.935	+	205.82)	/	2 )
=	151.969	/	199.3775
=	0.76

TerraVest Industries (TSX:TVK) 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.

TerraVest Industries'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
	=	199.3775	/	151.969	*	365 / 4
	=	119.72

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.

TerraVest Industries'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 )
	=	199.3775	/	214.943
	=	0.93

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.

TerraVest Industries Inventory Turnover 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 » Inventory Turnover

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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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