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

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What is Altitude International Holdings Days Inventory?

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: 33.92
* 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 Days Inventory Historical Data

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.

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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					-	20.12	10.91	22.58	4.79

Competitive Comparison of Altitude International Holdings's Days Inventory

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's Days Inventory Distribution in the 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

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

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

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

Altitude International Holdings (Altitude International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Altitude International Holdings Inc (OTCPK:ALTD) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

4500 SE Pine Valley Street, Port Saint Lucie, FL, USA, 34952

Website

https://www.altdintl.com

Altitude International Holdings Inc is a holding company focused on a people-first, global wellness group through its operating subsidiaries which are comprised of multiple scalable related revenue streams that together create a vertically integrated high-performance sports, education, and technology group. It has three revenue streams: Sport Tuition Properties, Academic Tuition Properties, and Sport Technology Properties.

Executives

Keith Lee	10 percent owner	399 PARK AVENUE, 39TH FLOOR, NEW YORK NY 10022
Gt Investment Partners, Lp	10 percent owner	18952 MACARTHUR BLVD, SUITE 100, IRVINE CA 92612
Scott Del Mastro	director, 10 percent owner	4500 SE PINE VALLEY STREET, PORT ST., LUCIE FL 34952
Gregory C. Breunich	director, 10 percent owner, officer: CEO, Chairman, and Acting CFO	4500 SE PINE VALLY STREET, PORT ST. LUCIE FL 34952
David P Vincent	director, 10 percent owner	ASHWOOD PINES, CHURCH END, SHERFIELD ON LODDON, HANTS X0 RG27 0JB
Gregory C. Anthony	director, 10 percent owner, officer: CCO and President	4500 SE PINE VALLEY STREET, PORT SAINT LUCIE FL 34952
Lesley Visser	director	535 E. LAS OLAS BOULEVARD, SUITE 120, FORT LAUDERDALE FL 33301
Joseph B. Frost	officer: C.O.O.	4210 S. OCEAN BLVD., APT. 2, HIGHLAND BEACH FL 33487
Greg Peter Whyte	director	4500 SE PINE VALLEY STREET, PORT SAINT LUCIE FL 34952
Robert Kanuth	director, 10 percent owner, officer: CEO	535 E. LAS OLAS BOULEVARD, SUITE 120, FORT LAUDERDALE FL 33301
Amy Karen Freedman	10 percent owner	308 KENMORE AVE., EDGEWATER MD 21037

Altitude International Holdings (Altitude International Holdings) Headlines

From GuruFocus

Altitude International Holdings Provides Third Quarter 2022 Corporate Update; YTD Revenues Increase 40% to $7.7 Million

By ACCESSWIRE ACCESSWIRE • 11-03-2022