Turning Point Brands (Turning Point Brands) Days Inventory : 211.39 (As of Dec. 2023)

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What is Turning Point Brands Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Turning Point Brands's Average Total Inventories for the three months ended in Dec. 2023 was $107.9 Mil. Turning Point Brands's Cost of Goods Sold for the three months ended in Dec. 2023 was $46.6 Mil. Hence, Turning Point Brands's Days Inventory for the three months ended in Dec. 2023 was 211.39.

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

TPB' s Days Inventory Range Over the Past 10 Years
Min: 131.65 Med: 156.16 Max: 207.49
Current: 207.49

During the past 11 years, Turning Point Brands's highest Days Inventory was 207.49. The lowest was 131.65. And the median was 156.16.

TPB's Days Inventory is ranked worse than
70.59% of 51 companies
in the Tobacco Products industry
Industry Median: 126.03 vs TPB: 207.49

Turning Point Brands's Days Inventory increased from Dec. 2022 (198.20) to Dec. 2023 (211.39). It might indicate that Turning Point Brands's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Turning Point Brands's Inventory Turnover for the three months ended in Dec. 2023 was 0.43.

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. Turning Point Brands's Inventory-to-Revenue for the three months ended in Dec. 2023 was 1.11.

Turning Point Brands Days Inventory Historical Data

The historical data trend for Turning Point Brands'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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Turning Point Brands Days Inventory Chart

Turning Point Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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131.65

133.05

139.07

180.80

197.60

Turning Point Brands Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															198.20	203.68	205.11	220.37	211.39

Competitive Comparison of Turning Point Brands's Days Inventory

For the Tobacco subindustry, Turning Point Brands'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.

Turning Point Brands's Days Inventory Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, Turning Point Brands's Days Inventory distribution charts can be found below:

* The bar in red indicates where Turning Point Brands's Days Inventory falls into.

Turning Point Brands Days Inventory Calculation

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

Turning Point Brands'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
=	( (119.915	+	98.96)	/	2 )	/	202.152	*	365
=	109.4375					/	202.152	*	365
=	197.60

Turning Point Brands'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
=	( (116.926	+	98.96)	/	2 )	/	46.596	*	365 / 4
=	107.943					/	46.596	*	365 / 4
=	211.39

Turning Point Brands (NYSE:TPB) 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.

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

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	46.596	/	107.943
	=	0.43

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.

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

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	107.943	/	97.12
	=	1.11

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.

Turning Point Brands Days Inventory Related Terms

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

Turning Point Brands (Turning Point Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Turning Point Brands Inc (NYSE:TPB) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

0T5:Germany

Address

5201 Interchange Way, Louisville, KY, USA, 40229

Website

https://www.turningpointbrands.com

Turning Point Brands Inc operates as an independent provider of Other Tobacco Products (OTP) in the U.S. It offers a wide range of products across the OTP spectrum including moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make- your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. It operates in three segments namely Zig-Zag products; Stoker's products and NewGen products. The company generates maximum revenue from the Zig-Zag products segment.

Executives

Stephen Usher	director	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
David Edward Glazek	director, officer: Executive Chairman	767 FIFTH AVENUE 12TH FL, NEW YORK NY 10153
Graham Purdy	officer: President & CEO	12442 POPLAR WOOD DRIVE, GOSHEN KY 40026
Brittani Cushman	officer: Sr VP, General Counsel	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Luis Reformina	officer: Sr VP, CFO	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Rohith Reddy	director	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Zimmerman Arnold	director	925 PARK AVE, 2A, NEW YORK NY 10028
Assia Grazioli-venier	director	C/O MARQUEE RAINE ACQUISITION CORP., 65 EAST 55TH STREET, 24TH FLOOR, NEW YORK NY 10022
Ashley Davis Frushone	director	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Diao H.c. Charles	director	1775 TYSONS BOULEVARD, TYSONS VA 22102
Standard General L.p.	10 percent owner	767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Yavor Efremov	director	1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK TX 72202
Lawrence Wexler	director, officer: President and CEO	393 CARTER STREET, NEW CANAAN CT 06840
Standard Diversified Inc.	10 percent owner	767 5TH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Robert M. Lavan	officer: SVP and CFO	5201 INTERCHANGE WAY, LOUISVILLE KY 40229