Toast (TOST) Days Inventory : 12.17 (As of Dec. 2023)

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What is Toast Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Toast's Average Total Inventories for the three months ended in Dec. 2023 was $108 Mil. Toast's Cost of Goods Sold for the three months ended in Dec. 2023 was $810 Mil. Hence, Toast's Days Inventory for the three months ended in Dec. 2023 was 12.17.

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

TOST' s Days Inventory Range Over the Past 10 Years
Min: 8 Med: 9.31 Max: 13.73
Current: 13.13

During the past 5 years, Toast's highest Days Inventory was 13.73. The lowest was 8.00. And the median was 9.31.

TOST's Days Inventory is ranked better than
57.13% of 1563 companies
in the Software industry
Industry Median: 19.64 vs TOST: 13.13

Toast's Days Inventory declined from Dec. 2022 (15.33) to Dec. 2023 (12.17).

Inventory Turnover measures how fast the company turns over its inventory within a year. Toast's Inventory Turnover for the three months ended in Dec. 2023 was 7.50.

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. Toast's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.10.

Toast Days Inventory Historical Data

The historical data trend for Toast'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.

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Toast Days Inventory Chart

Toast Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

9.31

9.19

8.00

12.50

13.73

Toast Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial											15.33	15.70	12.98	11.60	12.17

Competitive Comparison of Toast's Days Inventory

For the Software - Infrastructure subindustry, Toast'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.

Toast's Days Inventory Distribution in the Software Industry

For the Software industry and Technology sector, Toast's Days Inventory distribution charts can be found below:

* The bar in red indicates where Toast's Days Inventory falls into.

Toast Days Inventory Calculation

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

Toast'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
=	( (110	+	118)	/	2 )	/	3031	*	365
=	114					/	3031	*	365
=	13.73

Toast'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
=	( (98	+	118)	/	2 )	/	810	*	365 / 4
=	108					/	810	*	365 / 4
=	12.17

Toast (NYSE:TOST) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	810	/	108
	=	7.50

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	108	/	1036
	=	0.10

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.

Toast Days Inventory Related Terms

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

Toast (TOST) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Toast Inc (NYSE:TOST) » Definitions » Days Inventory

Comparable Companies

PATH CFLT DBX NTNX FFIV HOOD DOX WEX KVYO CCCS MSFT ORCL ADBE PANW SNPS VMW FTNT CRWD PLTR SQ

Traded in Other Exchanges

TOST:Mexico 71Y:Germany 71Y:Germany

Address

401 Park Drive, Suite 801, Boston, MA, USA, 02215

Website

https://www.toasttab.com

Toast is a U.S.-based restaurant technology company that provides point-of-sale, payment processing, and various software services to 99,000 restaurant locations across the United States at the end of September 2023. The firm generates sales from software subscription fees, as a percentage take rate from each financial transaction it processes, from loan origination and servicing fees from its Toast Capital arm, and from hardware installation and professional services. Unlike competitors, Toast intermediates every payment transaction on its platform, processing some $92 billion in gross platform volume in 2022. The firm's product offerings span point-of-sale systems, inventory and payroll management, delivery integration, e-commerce ordering, reservation management, and loyalty programs.

Executives

James Michael Matlock	officer: Principal Accounting Officer	TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215
Brian R Elworthy	officer: General Counsel	TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215
Aman Narang	director, officer: See Remarks	TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215
Elena Gomez	officer: Chief Financial Officer	TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215
Stephen Fredette	director, officer: Co-President	TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215
Christopher P Comparato	director, officer: Chief Executive Officer	TOAST, INC., 401 PARK DRIVE, BOSTON MA 02215
Bessemer Venture Partners Ix L.p.	10 percent owner	C/O BESSEMER VENTURE PARTNERS, 1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
David Yuan	director	250 MIDDLEFIELD RD, MENLO PARK CA 94025
Mark J Hawkins	director	C/O LOGITECH, INC., 6505 KAISER DRIVE, FREMONT CA 94555
Richard Kent Bennett	director	1865 PALMER AVENUE, SUITE 104, LARCHMONT NY 10538
Technology Investment Dining Group, Llc	10 percent owner	18 BANK STREET, LEBANON NH 03766
Jonathan Grimm	10 percent owner, officer: Chief Technology Officer	TOAST, INC., 401 PARK DRIVE, SUITE 801, BOSTON MA 02215
Paul D Bell	director	C/O DELL INC., ONE DELL WAY, ROUND ROCK TX 78682-2244
Hmi Capital Management, L.p.	10 percent owner	555 CALIFORNIA STREET, SUITE 4900, SAN FRANCISCO CA 94104
Hmi Capital Partners, L.p.	10 percent owner	C/O HMI CAPITAL MANAGEMENT, L.P., 555 CALIFORNIA STREET, SUITE 4900, SAN FRANCISCO CA 94104