Taronis Fuels (Taronis Fuels) Change In Inventory : $-3.60 Mil (TTM As of Sep. 2020)

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What is Taronis Fuels Change In Inventory?

Taronis Fuels's change in inventory for the quarter that ended in Sep. 2020 was $-0.90 Mil. It means Taronis Fuels's inventory increased by $0.90 Mil from Jun. 2020 to Sep. 2020 .

Taronis Fuels's change in inventory for the fiscal year that ended in Dec. 2019 was $-0.48 Mil. It means Taronis Fuels's inventory increased by $0.48 Mil from Dec. 2018 to Dec. 2019 .

Taronis Fuels's Total Inventories for the quarter that ended in Sep. 2020 was $7.26 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Taronis Fuels's Days Inventory for the quarter that ended in Sep. 2020 was 186.96.

Inventory Turnover measures how fast the company turns over its inventory within a year. Taronis Fuels's Inventory Turnover for the quarter that ended in Sep. 2020 was 0.49.

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. Taronis Fuels's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.71.

Taronis Fuels Change In Inventory Historical Data

The historical data trend for Taronis Fuels'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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Taronis Fuels Change In Inventory Chart

Taronis Fuels Annual Data

Trend

Dec17

Dec18

Dec19

Change In Inventory

-0.04

-0.46

-0.48

Taronis Fuels Quarterly Data
	Dec17	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Change In Inventory	Get a 7-Day Free Trial					-0.25	-0.43	-0.72	-1.56	-0.90

Taronis Fuels 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 Sep. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-3.60 Mil.

Taronis Fuels (OTCPK:TRNFQ) Change In Inventory Explanation

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

Taronis Fuels's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	6.8965	/	3.366	*	365 / 4
	=	186.96

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

Taronis Fuels's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.366	/	6.8965
	=	0.49

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.

Taronis Fuels's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	6.8965	/	9.662
	=	0.71

Taronis Fuels Change In Inventory Related Terms

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Taronis Fuels (Taronis Fuels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Taronis Fuels Inc (OTCPK:TRNFQ) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

24980 N. 83rd Avenue, Suite 100, Peoria, AZ, USA, 85383

Website

https://www.taronisfuels.com

Taronis Fuels Inc is a renewable fuel and power generation company. It is a holding company of various gas and welding supply companies. It supplies industrial gases and welding equipment and services to the retail and wholesale metalworking and manufacturing industries. The company also sells and distributes a synthetic gas namely, MagneGas which is a renewable alternative cutting fuel. It has retail locations located throughout California, Texas, Louisiana and Florida.

Executives

Scott Mahoney	director, officer: Chief Executive Officer	4800 NORTH SCOTTSDALE ROAD SUITE 1400 SCOTTSDALE AZ 85251
Dingess, Robert L.	director	150 RAINVILLE ROAD TARPON SPRINGS FL 34689
Tyler B. Wilson	officer: CFO/Treasurer/Secretary	P.O. BOX 8129 ASPEN CO 81612
Kevin Pollack	director	150 RAINVILLE ROAD, TARPON SPRINGS FL 34689
Staunton William W Iii	director