Titan International Inc (TWI)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,588,140 | 1,515,950 | 1,808,670 | 1,542,670 | 1,144,990 |
| Inventory | US$ in thousands | 437,192 | 365,156 | 397,223 | 392,615 | 293,679 |
| Inventory turnover | 3.63 | 4.15 | 4.55 | 3.93 | 3.90 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,588,140K ÷ $437,192K
= 3.63
The inventory turnover ratio for Titan International Inc has shown a fluctuating trend over the past five years. In 2020, the company had an inventory turnover ratio of 3.90, which remained relatively stable in 2021 at 3.93. However, in 2022, there was a notable increase to 4.55, indicating that the company managed to sell its inventory at a quicker pace. The ratio slightly decreased to 4.15 in 2023 but remained relatively high compared to previous years. In 2024, the inventory turnover ratio decreased to 3.63, suggesting a potential slowdown in inventory movement compared to the previous year. Overall, the company's inventory turnover has shown variability, potentially indicating changes in sales efficiency and inventory management strategies over the years.
Peer comparison
Dec 31, 2024