What is ToughBuilt Industries Inventory-to-Revenue?
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. ToughBuilt Industries's Average Total Inventories for the quarter that ended in Sep. 2023 was $29.74 Mil. ToughBuilt Industries's Revenue for the
three
months ended in Sep. 2023 was $20.63 Mil.
ToughBuilt Industries's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 1.44.
ToughBuilt Industries's Inventory-to-Revenue for the quarter that ended in Sep. 2023
declined
from Jun. 2023 (1.70) to Jun. 2023 (1.44)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
ToughBuilt Industries's Days Inventory for the
three
months ended in Sep. 2023 was 172.67.
Inventory Turnover measures how fast the company turns over its inventory within a year.
ToughBuilt Industries's Inventory Turnover for the quarter that ended in Sep. 2023 was 0.53.
ToughBuilt Industries Inventory-to-Revenue Historical Data
The historical data trend for ToughBuilt Industries's Inventory-to-Revenue 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.
Competitive Comparison of ToughBuilt Industries's Inventory-to-Revenue
For the Tools & Accessories subindustry, ToughBuilt Industries's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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.
ToughBuilt Industries's Inventory-to-Revenue Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, ToughBuilt Industries's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where ToughBuilt Industries's Inventory-to-Revenue falls into.
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.
ToughBuilt Industries's Inventory-to-Revenue for the fiscal year that ended in Dec. 2022 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.
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
ToughBuilt Industries's Days Inventory for the
three
months ended in Sep. 2023 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.
ToughBuilt Industries Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of ToughBuilt Industries's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
ToughBuilt Industries (ToughBuilt Industries) Business Description
ToughBuilt Industries Inc designs and distributes home improvement and construction product lines under the brand name TOUGHBUILT. Its major categories contain a total of approximately 11 product lines, consisting of Soft Goods, which includes kneepads, tool bags, pouches and tool belts; Metal Goods, which consists of sawhorses, tool stands and workbench and; Utility Products, which includes utility knives, aviation snips, shears, lasers and levels. Geographically, the group derives revenue from Canada, Europe, USA, and other countries, of which prime revenue is derived from the USA.
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