Titan Logix (Titan Logix) Change In Inventory : $0.20 Mil (TTM As of Feb. 2024)

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What is Titan Logix Change In Inventory?

Titan Logix's change in inventory for the quarter that ended in Feb. 2024 was $0.11 Mil. It means Titan Logix's inventory declined by $0.11 Mil from Nov. 2023 to Feb. 2024 .

Titan Logix's change in inventory for the fiscal year that ended in Aug. 2023 was $-0.15 Mil. It means Titan Logix's inventory increased by $0.15 Mil from Aug. 2022 to Aug. 2023 .

Titan Logix's Total Inventories for the quarter that ended in Feb. 2024 was $0.94 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Titan Logix's Days Inventory for the quarter that ended in Feb. 2024 was 130.70.

Inventory Turnover measures how fast the company turns over its inventory within a year. Titan Logix's Inventory Turnover for the quarter that ended in Feb. 2024 was 0.70.

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. Titan Logix's Inventory-to-Revenue for the quarter that ended in Feb. 2024 was 0.76.

Titan Logix Change In Inventory Historical Data

The historical data trend for Titan Logix'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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Titan Logix Change In Inventory Chart

Titan Logix Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Change In Inventory

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0.04

-0.08

0.08

-0.31

-0.15

Titan Logix Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Change In Inventory	Get a 7-Day Free Trial															-0.07	0.02	0.06	0.02	0.11

Titan Logix 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 Feb. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.20 Mil.

Titan Logix (OTCPK:TPCFF) Change In Inventory Explanation

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

Titan Logix's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.984	/	0.687	*	365 / 4
	=	130.70

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

Titan Logix's Inventory Turnover for the quarter that ended in Feb. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	0.687	/	0.984
	=	0.70

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.

Titan Logix's Inventory to Revenue for the quarter that ended in Feb. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.984	/	1.297
	=	0.76

Titan Logix Change In Inventory Related Terms

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Titan Logix (Titan Logix) Business Description

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TLA:Canada

Address

4130 - 93rd Street, Edmonton, AB, CAN, T6E 5P5

Website

https://www.titanlogix.com

Titan Logix Corp designs and manufactures mobile liquid measurement solutions to help businesses reduce risk and maximize efficiencies in bulk liquid transportation. Titan's TD Series of tank-level monitors are known for their high level of accuracy, rugged design, and solid-state reliability. The solutions are designed for hazardous and non-hazardous applications and serve customers in a wide range of applications including petroleum, environmental solutions, chemical and agriculture. The company predominantly operates in two geographic regions that is Canada and the United States. It derives majority of its revenue from its business in the United States.