Toast (TOST) Total Inventories

: $118 Mil (As of Dec. 2023)

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Toast's total inventories for the quarter that ended in Dec. 2023 was $118 Mil. Toast's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $108 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Toast's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.85.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Toast's Days Inventory for the three months ended in Dec. 2023 was 12.17.

Inventory Turnover measures how fast the company turns over its inventory within a year. Toast's Inventory Turnover for the quarter that 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 quarter that ended in Dec. 2023 was 0.10.

Toast Total Inventories Historical Data

The historical data trend for Toast's Total Inventories 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 Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

15.39

19.00

42.00

110.00

118.00

Toast Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories												110.00	112.00	107.00	98.00	118.00

Toast Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Toast (NYSE:TOST) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Toast's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1124	+	0.75 * 57	+	0.5 * 118	-	764
-	0	-	0)	/	543
=	0.85

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

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

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	108	/	810	*	365 / 4
	=	12.17

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

Toast's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	810	/	108
	=	7.50

4. 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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	108	/	1036
	=	0.10

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Toast Total Inventories Related Terms

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Toast (TOST) Business Description

Industry

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

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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