ALTD (Altitude International Holdings) Days Inventory: 4.79 (As of Dec. 2022)


What is Altitude International Holdings Days Inventory?

Altitude International Holdings ALTD Days Inventory is 4.79 as of Dec. 2022.

Days Inventory is also known as Days Sales of Inventory (DSI). Altitude International Holdings's Average Total Inventories for the three months ended in Dec. 2022 was $0.32 Mil. Altitude International Holdings's Cost of Goods Sold for the three months ended in Dec. 2022 was $6.06 Mil. Hence, Altitude International Holdings's Days Inventory for the three months ended in Dec. 2022 was 4.79.

The historical rank and industry rank for Altitude International Holdings's Days Inventory or its related term are showing as below:

ALTD's Days Inventory is not ranked *
in the Travel & Leisure industry.
Industry Median: 30.86
* Ranked among companies with meaningful Days Inventory only.

Altitude International Holdings's Days Inventory increased from Dec. 2021 (0.00) to Dec. 2022 (4.79). It might indicate that Altitude International Holdings's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Altitude International Holdings's Inventory Turnover for the three months ended in Dec. 2022 was 19.07.

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. Altitude International Holdings's Inventory-to-Revenue for the three months ended in Dec. 2022 was 0.07.

Altitude International Holdings  (OTCPK:ALTD) 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.

Altitude International Holdings's Inventory Turnover for the three months ended in Dec. 2022 is calculated as

Inventory Turnover=Cost of Goods Sold / Average Total Inventories
=6.064 / 0.318
=19.07

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.

Altitude International Holdings's Inventory to Revenue for the three months ended in Dec. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories / Revenue
=0.318 / 4.498
=0.07

* 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.

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.

Altitude International Holdings Days Inventory Related Terms

Altitude International Holdings Days Inventory Historical Data

* Premium members only.

The historical data trend for Altitude International Holdings'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.

Altitude International Holdings Days Inventory Chart

Altitude International Holdings Annual Data
Trend Dec20 Dec21 Dec22
Days Inventory
8.39 13.51 10.08

Altitude International Holdings Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 20.12 10.91 22.58 4.79

ALTD vs CNXA, BTDG, MAT: Days Inventory Comparison

For the Leisure subindustry, Altitude International Holdings'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.

Altitude International Holdings Days Inventory vs Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Altitude International Holdings's Days Inventory distribution charts can be found below:

* The bar in red indicates where Altitude International Holdings's Days Inventory falls into.


Altitude International Holdings Days Inventory Calculation

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

Altitude International Holdings'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
=( (0.161 + 0.364) / 2 ) / 9.508*365
=0.2625 / 9.508*365
=10.08

Altitude International Holdings's Days Inventory for the quarter that ended in Dec. 2022 is calculated as:

Days Inventory (Q: Dec. 2022 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Sep. 2022 ) + Total Inventories (Q: Dec. 2022 )) / count ) / Cost of Goods Sold (Q: Dec. 2022 )*Days in Period
=( (0.272 + 0.364) / 2 ) / 6.064*365 / 4
=0.318 / 6.064*365 / 4
=4.79

* 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.

Frequently Asked Questions Learn more about Days Inventory →
What does a Days Inventory of 4.79 mean?
Altitude International Holdings (ALTD) has a Days Inventory of 4.79 as of Dec. 2022. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Altitude International Holdings and its competitors.
Is Altitude International Holdings' Days Inventory too high?
Altitude International Holdings' current Days Inventory is 4.79. The Travel & Leisure industry median Days Inventory is 30.86. Altitude International Holdings' value of 4.79 is 84.5% below this industry median.
How does Altitude International Holdings' Days Inventory compare to CNXA and BTDG?
Altitude International Holdings' Days Inventory of 4.79 can be compared against companies in the Travel & Leisure industry. The industry median Days Inventory is 30.86. Altitude International Holdings' value of 4.79 is 84.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Inventory for a Travel & Leisure company?
The median Days Inventory among Travel & Leisure companies is 30.86, based on 693 companies in the industry. Companies in the top quartile (top 25%) have a Days Inventory significantly above this median, while those in the bottom quartile fall well below. However, Days Inventory should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Altitude International Holdings's current Days Inventory of 4.79 is 84.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Inventory mean?
A high Days Inventory can signal that a stock is expensive relative to its fundamentals. Days inventory represents the average amount of days a company holds inventory before selling it. View historical data on Altitude International Holdings and its competitors. For the Travel & Leisure industry, the median Days Inventory is 30.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Altitude International Holdings's current Days Inventory is 4.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Altitude International Holdings stock overvalued right now?
Altitude International Holdings (ALTD) has a current Days Inventory of 4.79. The current Days Inventory is 4.79 and 84.5% below the Travel & Leisure industry median of 30.86. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Inventory calculated?
Days Inventory is calculated from a company's financial statements. For Altitude International Holdings (ALTD), the current Days Inventory is 4.79 as of Dec. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Altitude International Holdings Business Description

Address 4500 SE Pine Valley Street, Port Saint Lucie, FL, USA, 34952
Altitude International Holdings Inc is a vertically integrated high-performance sports, education, and technology company. It owns and operates sports training and educational institutions, manufacture oxygen training chambers and manufacture atmospheric water generators.