TBLT (ToughBuilt Industries) Inventory Turnover: 0.58 (As of Dec. 2023)


TBLT ToughBuilt Industries Inc TBLT
12 GF Score
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What is ToughBuilt Industries Inventory Turnover?

ToughBuilt Industries TBLT 12 Inventory Turnover is 0.58 as of Dec. 2023. GuruFocus rates TBLT with a GF Score™ of 12/100.

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. ToughBuilt Industries's Cost of Goods Sold for the three months ended in Dec. 2023 was $14.46 Mil. ToughBuilt Industries's Average Total Inventories for the quarter that ended in Dec. 2023 was $25.01 Mil. ToughBuilt Industries's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.58.

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 Dec. 2023 was 157.86.

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 quarter that ended in Dec. 2023 was 1.51.

ToughBuilt Industries  (OTCPK:TBLT) 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.

ToughBuilt Industries's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory =Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=25.0065/14.455*365 / 4
=157.86

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.

ToughBuilt Industries's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=25.0065 / 16.549
=1.51

* 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

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.

ToughBuilt Industries Inventory Turnover Related Terms

ToughBuilt Industries Inventory Turnover Historical Data

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The historical data trend for ToughBuilt Industries'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.

ToughBuilt Industries Inventory Turnover Chart

ToughBuilt Industries Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Inventory Turnover
Get a 7-Day Free Trial 10.91 4.78 2.15 1.78 1.92

ToughBuilt Industries Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Inventory Turnover 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 0.51 0.46 0.41 0.53 0.58
TBLT
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ToughBuilt Industries Inc TBLT
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ToughBuilt Industries Inventory Turnover Calculation

ToughBuilt Industries's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Inventory Turnover (A: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Dec. 2023 ) / ((Total Inventories (A: Dec. 2022 ) + Total Inventories (A: Dec. 2023 )) / count )
=59.866 / ((40.365 + 21.942) / 2 )
=59.866 / 31.1535
=1.92

ToughBuilt Industries's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover (Q: Dec. 2023 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: Dec. 2023 ) / ((Total Inventories (Q: Sep. 2023 ) + Total Inventories (Q: Dec. 2023 )) / count )
=14.455 / ((28.071 + 21.942) / 2 )
=14.455 / 25.0065
=0.58

* 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.

Frequently Asked Questions Learn more about Inventory Turnover →
What does a Inventory Turnover of 0.58 mean?
ToughBuilt Industries (TBLT) has a Inventory Turnover of 0.58 as of Dec. 2023. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on ToughBuilt Industries and its competitors.
Is ToughBuilt Industries' Inventory Turnover too high?
ToughBuilt Industries' current Inventory Turnover is 0.58. Overall, ToughBuilt Industries has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does ToughBuilt Industries' Inventory Turnover compare to CVR and SNA?
ToughBuilt Industries' Inventory Turnover of 0.58 can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Inventory Turnover for an Industrial Products company?
A good Inventory Turnover depends on the Industrial Products industry context. However, Inventory Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Inventory Turnover mean?
A high Inventory Turnover can signal that a stock is expensive relative to its fundamentals. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on ToughBuilt Industries and its competitors. ToughBuilt Industries's current Inventory Turnover is 0.58. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ToughBuilt Industries stock overvalued right now?
ToughBuilt Industries (TBLT) has a current Inventory Turnover of 0.58. The current Inventory Turnover is 0.58. ToughBuilt Industries' overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Inventory Turnover calculated?
Inventory Turnover is calculated from a company's financial statements. For ToughBuilt Industries (TBLT), the current Inventory Turnover is 0.58 as of Dec. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

ToughBuilt Industries Business Description

Address 8669 Research Drive, Irvine, CA, USA, 92618
ToughBuilt Industries Inc designs and distributes home improvement and construction product lines under the brand name TOUGHBUILT. Its primary categories contain a total of approximately 22 product lines, consisting of Soft Goods, which include kneepads, tool bags, pouches, and tool belts; Metal Goods, which consist of sawhorses, tool stands, and workbench and; Utility Products, which include 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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