ALTD (Altitude International Holdings) Inventory Turnover : 19.07 (As of Dec. 2022)

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What is Altitude International Holdings Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Altitude International Holdings's Cost of Goods Sold for the three months ended in Dec. 2022 was $6.06 Mil. Altitude International Holdings's Average Total Inventories for the quarter that ended in Dec. 2022 was $0.32 Mil. Altitude International Holdings's Inventory Turnover for the quarter that ended in Dec. 2022 was 19.07.

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 three months ended in Dec. 2022 was 4.79.

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 quarter that ended in Dec. 2022 was 0.07.

Altitude International Holdings Inventory Turnover Historical Data

The historical data trend for Altitude International Holdings's Inventory Turnover 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 Inventory Turnover Chart

Altitude International Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Inventory Turnover

43.49

27.01

36.22

Altitude International Holdings Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Inventory Turnover	Get a 7-Day Free Trial					-0.32	4.53	8.36	4.04	19.07

Altitude International Holdings Inventory Turnover Calculation

Altitude International Holdings's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	9.508	/ (	(0.161	+	0.364)	/	2 )
=	9.508	/	0.2625
=	36.22

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

	Inventory Turnover (Q: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2022 )	/ (	(Total Inventories (Q: Sep. 2022 )	+	Total Inventories (Q: Dec. 2022 ))	/	count )
=	6.064	/ (	(0.272	+	0.364)	/	2 )
=	6.064	/	0.318
=	19.07

Altitude International Holdings (OTCPK:ALTD) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 three months ended in Dec. 2022 is calculated as:

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

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 quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	0.318	/	4.498
	=	0.07

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Altitude International Holdings Inventory Turnover Related Terms

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Altitude International Holdings Business Description

Industry

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

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 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