Tandy Leather Factory (Tandy Leather Factory) Days Inventory

: 373.32 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Tandy Leather Factory's Average Total Inventories for the three months ended in Dec. 2023 was $38.29 Mil. Tandy Leather Factory's Cost of Goods Sold for the three months ended in Dec. 2023 was $9.36 Mil. Hence, Tandy Leather Factory's Days Inventory for the three months ended in Dec. 2023 was 373.32.

The historical rank and industry rank for Tandy Leather Factory's Days Inventory or its related term are showing as below:

TLF' s Days Inventory Range Over the Past 10 Years
Min: 317.53 Med: 383.46 Max: 447.76
Current: 442.23

During the past 13 years, Tandy Leather Factory's highest Days Inventory was 447.76. The lowest was 317.53. And the median was 383.46.

TLF's Days Inventory is ranked worse than
93.8% of 1065 companies
in the Retail - Cyclical industry
Industry Median: 110.2 vs TLF: 442.23

Tandy Leather Factory's Days Inventory increased from Dec. 2022 (371.19) to Dec. 2023 (373.32). It might indicate that Tandy Leather Factory's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Tandy Leather Factory's Inventory Turnover for the three months ended in Dec. 2023 was 0.24.

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. Tandy Leather Factory's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.84.

Tandy Leather Factory Days Inventory Historical Data

The historical data trend for Tandy Leather Factory's Days 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.

* Premium members only.

Tandy Leather Factory Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

317.53

396.05

383.11

411.57

447.76

Tandy Leather Factory Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																371.19	395.83	510.32	525.74	373.32

Competitive Comparison

For the Specialty Retail subindustry, Tandy Leather Factory's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tandy Leather Factory Days Inventory Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Tandy Leather Factory's Days Inventory distribution charts can be found below:

* The bar in red indicates where Tandy Leather Factory's Days Inventory falls into.

Tandy Leather Factory Days Inventory Calculation

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

Tandy Leather Factory's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (38.227	+	37.993)	/	2 )	/	31.066	*	365
=	38.11					/	31.066	*	365
=	447.76

Tandy Leather Factory's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (38.585	+	37.993)	/	2 )	/	9.359	*	365 / 4
=	38.289					/	9.359	*	365 / 4
=	373.32

Tandy Leather Factory (NAS:TLF) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Tandy Leather Factory's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	9.359	/	38.289
	=	0.24

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.

Tandy Leather Factory's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	38.289	/	20.845
	=	1.84

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Tandy Leather Factory Days Inventory Related Terms

Thank you for viewing the detailed overview of Tandy Leather Factory's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Tandy Leather Factory (Tandy Leather Factory) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tandy Leather Factory Inc (NAS:TLF) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

1900 Southeast Loop 820, Fort Worth, TX, USA, 76140

Website

https://www.tandyleather.com

Tandy Leather Factory Inc is a specialty retailers of leather and leathercraft-related items. Its primary line of business is the sale of leather, leather crafts, and related supplies. Its broad line of leather and related products includes leather, leatherworking tools, leather dyes and finishes, and do-it-yourself kits. Its products include Leather, tools, Hardware, Supplies, Kits, Books and Patterns, and Gift cards. Geographically the company operates within United States, Canada and others and generates the highest revenue from the United States.

Executives

Jcp Investment Management, Llc	10 percent owner	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partnership, Lp	10 percent owner, other: See Footnote 1	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Partners, Lp	10 percent owner, other: See Footnote 1	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Jcp Investment Holdings, Llc	10 percent owner, other: See Footnote 1	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
Janet A Carr	director, officer: CEO	116 S PORTLAND AVENUE, BROOKLYN NY 11217
Jefferson Gramm	10 percent owner	C/O BANDERA PARTNERS LLC, 50 BROAD STREET, SUITE 1820, NEW YORK NY 10004
Shannon L Greene	director, officer: CFO/TREASURER	3800 FALCON LAKE DRIVE, ARLINGTON TX 76016
Mark J Angus	officer: SR VICE PRESIDENT	1900 SE LOOP 820, FORTH WORTH TX 76140
James C Pappas	director	1177 WEST LOOP SOUTH, SUITE 1320, HOUSTON TX 77027
T Field Lange	director	6300 RIDGLEA PLACE, #500, FORT WORTH TX 76116
Victoria Marie Cantrell	director	2 BERRY LANE, RANDOLPH NJ 07869
Sejal Vinu Patel	director	400 PARK AVENUE, 21ST FL, NEW YORK NY 10022
Beshore Brent Cornell	director	315 N TENTH ST, COLUMBIA MO 65201
Sharon M Leite	director	100 PIER 1 PLACE, FT. WORTH TX 76102
Joseph R Mannes	director	4016 MCFARLIN BLVD, DALLAS TX 75205