ToughBuilt Industries (ToughBuilt Industries) Days Inventory : 172.67 (As of Sep. 2023)

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What is ToughBuilt Industries Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). ToughBuilt Industries's Average Total Inventories for the three months ended in Sep. 2023 was $29.74 Mil. ToughBuilt Industries's Cost of Goods Sold for the three months ended in Sep. 2023 was $15.72 Mil. Hence, ToughBuilt Industries's Days Inventory for the three months ended in Sep. 2023 was 172.67.

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

TBLT' s Days Inventory Range Over the Past 10 Years
Min: 4.9 Med: 33.46 Max: 205.31
Current: 190.9

During the past 7 years, ToughBuilt Industries's highest Days Inventory was 205.31. The lowest was 4.90. And the median was 33.46.

TBLT's Days Inventory is ranked worse than
73.94% of 2905 companies
in the Industrial Products industry
Industry Median: 120.1 vs TBLT: 190.90

ToughBuilt Industries's Days Inventory increased from Sep. 2022 (163.80) to Sep. 2023 (172.67). It might indicate that ToughBuilt Industries's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. ToughBuilt Industries's Inventory Turnover for the three months 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 three months ended in Sep. 2023 was 1.44.

ToughBuilt Industries Days Inventory Historical Data

The historical data trend for ToughBuilt Industries'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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ToughBuilt Industries Days Inventory Chart

ToughBuilt Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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7.41

33.46

76.44

169.72

205.31

ToughBuilt Industries Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															163.80	178.38	200.04	224.21	172.67

Competitive Comparison of ToughBuilt Industries's Days Inventory

For the Tools & Accessories subindustry, ToughBuilt Industries'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.

ToughBuilt Industries's Days Inventory Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, ToughBuilt Industries's Days Inventory distribution charts can be found below:

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

ToughBuilt Industries Days Inventory Calculation

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 fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (38.432	+	40.365)	/	2 )	/	70.043	*	365
=	39.3985					/	70.043	*	365
=	205.31

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

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (31.411	+	28.071)	/	2 )	/	15.717	*	365 / 4
=	29.741					/	15.717	*	365 / 4
=	172.67

ToughBuilt Industries (NAS:TBLT) 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.

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

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

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.

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

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

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.

ToughBuilt Industries Days Inventory Related Terms

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

ToughBuilt Industries (ToughBuilt Industries) Business Description

Industry

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