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TOBAF (TAAT Global Alternatives) Days Inventory : 17.02 (As of Jul. 2024)


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What is TAAT Global Alternatives Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). TAAT Global Alternatives's Average Total Inventories for the three months ended in Jul. 2024 was $3.12 Mil. TAAT Global Alternatives's Cost of Goods Sold for the three months ended in Jul. 2024 was $16.71 Mil. Hence, TAAT Global Alternatives's Days Inventory for the three months ended in Jul. 2024 was 17.02.

The historical rank and industry rank for TAAT Global Alternatives's Days Inventory or its related term are showing as below:

TOBAF' s Days Inventory Range Over the Past 10 Years
Min: 18.32   Med: 77.67   Max: 1145.59
Current: 18.32

During the past 13 years, TAAT Global Alternatives's highest Days Inventory was 1145.59. The lowest was 18.32. And the median was 77.67.

TOBAF's Days Inventory is ranked better than
96.08% of 51 companies
in the Tobacco Products industry
Industry Median: 148.23 vs TOBAF: 18.32

TAAT Global Alternatives's Days Inventory increased from Jul. 2023 (16.88) to Jul. 2024 (17.02). It might indicate that TAAT Global Alternatives's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. TAAT Global Alternatives's Inventory Turnover for the three months ended in Jul. 2024 was 5.36.

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. TAAT Global Alternatives's Inventory-to-Revenue for the three months ended in Jul. 2024 was 0.18.


TAAT Global Alternatives Days Inventory Historical Data

The historical data trend for TAAT Global Alternatives'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.

* Premium members only.

TAAT Global Alternatives Days Inventory Chart

TAAT Global Alternatives Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Days Inventory
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 1,152.63 125.37 28.34 18.49

TAAT Global Alternatives Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Days Inventory Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.88 17.75 19.00 19.74 17.02

Competitive Comparison of TAAT Global Alternatives's Days Inventory

For the Tobacco subindustry, TAAT Global Alternatives'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.


TAAT Global Alternatives's Days Inventory Distribution in the Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, TAAT Global Alternatives's Days Inventory distribution charts can be found below:

* The bar in red indicates where TAAT Global Alternatives's Days Inventory falls into.



TAAT Global Alternatives Days Inventory Calculation

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

TAAT Global Alternatives's Days Inventory for the fiscal year that ended in Oct. 2023 is calculated as

Days Inventory (A: Oct. 2023 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (A: Oct. 2022 ) + Total Inventories (A: Oct. 2023 )) / count ) / Cost of Goods Sold (A: Oct. 2023 )*Days in Period
=( (3.726 + 3.067) / 2 ) / 67.055*365
=3.3965 / 67.055*365
=18.49

TAAT Global Alternatives's Days Inventory for the quarter that ended in Jul. 2024 is calculated as:

Days Inventory (Q: Jul. 2024 )
=Average Total Inventories / Cost of Goods Sold*Days in Period
=( (Total Inventories (Q: Apr. 2024 ) + Total Inventories (Q: Jul. 2024 )) / count ) / Cost of Goods Sold (Q: Jul. 2024 )*Days in Period
=( (3.243 + 2.992) / 2 ) / 16.712*365 / 4
=3.1175 / 16.712*365 / 4
=17.02

* 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.


TAAT Global Alternatives  (OTCPK:TOBAF) 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.

TAAT Global Alternatives's Inventory Turnover for the three months ended in Jul. 2024 is calculated as

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.

TAAT Global Alternatives's Inventory to Revenue for the three months ended in Jul. 2024 is calculated as

* 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.


TAAT Global Alternatives Days Inventory Related Terms

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


TAAT Global Alternatives Business Description

Traded in Other Exchanges
Address
1075 West Georgia Street, Suite 1890, Vancouver, BC, CAN, V6E 3C9
TAAT Global Alternatives Inc is a Canada-based company, which develops, manufactures, and distributes alternative product categories such as tobacco, hemp, and other emerging CPG segments. The company has two reportable segments, the sale of non-tobacco and tobacco products. It generates the majority of its revenue from the tobacco products segment.