Taronis Fuels (Taronis Fuels) Days Inventory : 186.96 (As of Sep. 2020)

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What is Taronis Fuels Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Taronis Fuels's Average Total Inventories for the three months ended in Sep. 2020 was $6.90 Mil. Taronis Fuels's Cost of Goods Sold for the three months ended in Sep. 2020 was $3.37 Mil. Hence, Taronis Fuels's Days Inventory for the three months ended in Sep. 2020 was 186.96.

The historical rank and industry rank for Taronis Fuels's Days Inventory or its related term are showing as below:

TRNFQ's Days Inventory is not ranked ^*
in the Utilities - Independent Power Producers industry.
Industry Median: 30.765
* Ranked among companies with meaningful Days Inventory only.

Taronis Fuels's Days Inventory increased from Sep. 2019 (114.29) to Sep. 2020 (186.96). It might indicate that Taronis Fuels's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Taronis Fuels's Inventory Turnover for the three months 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 three months ended in Sep. 2020 was 0.71.

Taronis Fuels Days Inventory Historical Data

The historical data trend for Taronis Fuels'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.

Taronis Fuels Days Inventory Chart

Taronis Fuels Annual Data

Trend

Dec17

Dec18

Dec19

Days Inventory

229.67

129.08

109.91

Taronis Fuels Quarterly Data
	Dec17	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Days Inventory	Get a 7-Day Free Trial					114.29	165.87	147.94	288.87	186.96

Competitive Comparison of Taronis Fuels's Days Inventory

For the Utilities - Renewable subindustry, Taronis Fuels'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.

Taronis Fuels's Days Inventory Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Taronis Fuels's Days Inventory distribution charts can be found below:

* The bar in red indicates where Taronis Fuels's Days Inventory falls into.

Taronis Fuels Days Inventory Calculation

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 fiscal year that ended in Dec. 2019 is calculated as

	Days Inventory (A: Dec. 2019 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2019 )	*	Days in Period
=	( (2.587	+	3.639)	/	2 )	/	10.338	*	365
=	3.113					/	10.338	*	365
=	109.91

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

	Days Inventory (Q: Sep. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2020 )	+	Total Inventories (Q: Sep. 2020 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
=	( (6.536	+	7.257)	/	2 )	/	3.366	*	365 / 4
=	6.8965					/	3.366	*	365 / 4
=	186.96

Taronis Fuels (OTCPK:TRNFQ) 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.

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

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

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.

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

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

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.

Taronis Fuels Days Inventory Related Terms

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

Taronis Fuels (Taronis Fuels) Business Description

Industry

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