ToughBuilt Industries (ToughBuilt Industries) Change In Inventory : $11.94 Mil (TTM As of Sep. 2023)

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What is ToughBuilt Industries Change In Inventory?

ToughBuilt Industries's change in inventory for the quarter that ended in Sep. 2023 was $3.34 Mil. It means ToughBuilt Industries's inventory declined by $3.34 Mil from Jun. 2023 to Sep. 2023 .

ToughBuilt Industries's change in inventory for the fiscal year that ended in Dec. 2022 was $-1.93 Mil. It means ToughBuilt Industries's inventory increased by $1.93 Mil from Dec. 2021 to Dec. 2022 .

ToughBuilt Industries's Total Inventories for the quarter that ended in Sep. 2023 was $28.07 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. ToughBuilt Industries's Days Inventory for the quarter that ended in Sep. 2023 was 172.67.

Inventory Turnover measures how fast the company turns over its inventory within a year. ToughBuilt Industries's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.53.

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. ToughBuilt Industries's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.44.

ToughBuilt Industries Change In Inventory Historical Data

The historical data trend for ToughBuilt 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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ToughBuilt Industries Change In Inventory Chart

ToughBuilt Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Change In Inventory

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-0.28

-1.84

-6.70

-29.52

-1.93

ToughBuilt Industries Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Change In Inventory	Get a 7-Day Free Trial															0.15	-0.36	7.70	1.25	3.34

ToughBuilt 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 Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $11.94 Mil.

ToughBuilt Industries (NAS:TBLT) Change In Inventory Explanation

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

ToughBuilt 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
	=	29.741	/	15.717	*	365 / 4
	=	172.67

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

ToughBuilt Industries's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	15.717	/	29.741
	=	0.53

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.

ToughBuilt Industries's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	29.741	/	20.63
	=	1.44

ToughBuilt Industries Change In Inventory Related Terms

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ToughBuilt Industries (ToughBuilt Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » ToughBuilt Industries Inc (NAS:TBLT) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

36Q0:Germany

Address

8669 Research Drive, Irvine, CA, USA, 92618

Website

https://www.toughbuilt.com

ToughBuilt Industries Inc designs and distributes home improvement and construction product lines under the brand name TOUGHBUILT. Its major categories contain a total of approximately 11 product lines, consisting of Soft Goods, which includes kneepads, tool bags, pouches and tool belts; Metal Goods, which consists of sawhorses, tool stands and workbench and; Utility Products, which includes utility knives, aviation snips, shears, lasers and levels. Geographically, the group derives revenue from Canada, Europe, USA, and other countries, of which prime revenue is derived from the USA.

Executives

Michael Panosian	director, 10 percent owner, officer: CEO	25371 COMMERCENTER DRIVE. SUITE 200, LAKE FOREST CA 92630
William Placke	director	25371 COMMERCENTRE DRIVE, SUITE 200, LAKE FOREST CA 92630
Martin Galstyan	officer: Chief Financial Officer	6339 HARMAN DRIVE, TUJUNGA CA 91042
Linda M. Moossaian	director	3769 EL LADO DRIVE, GLENDALE CA 91208
Joshua Keeler	director	655 NORTH CENTRAL AVE, 1727, GLENDALE CA 91203
Titan Advisors, Llc	10 percent owner	750 WASHINGTON BLVD., FLOOR 10, STAMFORD CT 06901
Hspl Holdings, Llc	10 percent owner	750 WASHINGTON BLVD., 10TH FLOOR, STAMFORD CT 06901
Frederick D. Furry	director	18372 OXBORO LANE, HUNTINGTON BEACH CA 92648
Paul M. Galvin	director	C/O SG BLOCKS, INC., 400 MADISON AVENUE, SUITE 16C, NEW YORK NY 10017
Manu Ohri	director, officer: CFO	2355 MAIN STREET, SUITE 120, IRVINE CA 92614
Robert K Faught	director	70 PLANTATION DR #189, HILTON HEAD SC 29928
John R Keeler	director, officer: Chief Design Officer	3000 NW 109TH AVE, MIAMI FL 33172
Zareh Khachatoorian	director	25371 COMMERCENTRE DRIVE, SUITE 200, LAKE FOREST CA 92630