TDNT (Trident Brands) Inventory Turnover: 0.18 (As of May. 2022)


What is Trident Brands Inventory Turnover?

Trident Brands TDNT Inventory Turnover is 0.18 as of May. 2022.

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. Trident Brands's Cost of Goods Sold for the three months ended in May. 2022 was $0.15 Mil. Trident Brands's Average Total Inventories for the quarter that ended in May. 2022 was $0.81 Mil. Trident Brands's Inventory Turnover for the quarter that ended in May. 2022 was 0.18.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Trident Brands's Days Inventory for the three months ended in May. 2022 was 505.31.

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. Trident Brands's Inventory-to-Revenue for the quarter that ended in May. 2022 was 6.47.

Trident Brands  (OTCPK:TDNT) 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.

Trident Brands's Days Inventory for the three months ended in May. 2022 is calculated as:

Days Inventory =Average Total Inventories (Q: May. 2022 )/Cost of Goods Sold (Q: May. 2022 )*Days in Period
=0.8085/0.146*365 / 4
=505.31

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.

Trident Brands's Inventory to Revenue for the quarter that ended in May. 2022 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: May. 2022 ) / Revenue (Q: May. 2022 )
=0.8085 / 0.125
=6.47

* 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.

Trident Brands Inventory Turnover Related Terms

Trident Brands Inventory Turnover Historical Data

* Premium members only.

The historical data trend for Trident Brands'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.

Trident Brands Inventory Turnover Chart

Trident Brands Annual Data
Trend Nov12 Nov13 Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21
Inventory Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.54 4.85 0.83 0.38 0.12

Trident Brands Quarterly Data
Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22
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 0.02 0.01 0.01 0.00 0.18

Trident Brands Inventory Turnover Calculation

Trident Brands's Inventory Turnover for the fiscal year that ended in Nov. 2021 is calculated as

Inventory Turnover (A: Nov. 2021 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (A: Nov. 2021 ) / ((Total Inventories (A: Nov. 2020 ) + Total Inventories (A: Nov. 2021 )) / count )
=0.121 / ((1.22 + 0.882) / 2 )
=0.121 / 1.051
=0.12

Trident Brands's Inventory Turnover for the quarter that ended in May. 2022 is calculated as

Inventory Turnover (Q: May. 2022 )
=Cost of Goods Sold / Average Total Inventories
=Cost of Goods Sold (Q: May. 2022 ) / ((Total Inventories (Q: Feb. 2022 ) + Total Inventories (Q: May. 2022 )) / count )
=0.146 / ((0.882 + 0.735) / 2 )
=0.146 / 0.8085
=0.18

* 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 0.18 mean?
Trident Brands (TDNT) has a Inventory Turnover of 0.18 as of May. 2022. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on Trident Brands and its competitors.
Is Trident Brands' Inventory Turnover too high?
Trident Brands' current Inventory Turnover is 0.18.
How does Trident Brands' Inventory Turnover compare to SKVI and QNTA?
Trident Brands' Inventory Turnover of 0.18 can be compared against companies in the Consumer Packaged Goods 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 a Consumer Packaged Goods company?
A good Inventory Turnover depends on the Consumer Packaged Goods 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 Trident Brands and its competitors. Trident Brands's current Inventory Turnover is 0.18. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trident Brands stock overvalued right now?
Trident Brands (TDNT) has a current Inventory Turnover of 0.18. The current Inventory Turnover is 0.18. 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 Trident Brands (TDNT), the current Inventory Turnover is 0.18 as of May. 2022. 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.

Trident Brands Business Description

Address 433 Plaza Real, Suite 275, Boca Raton, FL, USA, 33432
Trident Brands Inc is a consumer product company. It is focused on developing high growth branded and private label consumer products and ingredients within the nutritional supplement, life sciences, and food and beverage categories. It offers consumer products, including nutritional products and supplements under the Everlast and Brain Armor brands. The company's brands focus on supplements, nutritional products, and heart and brain health categories. In addition, the firm also offers various banking facilities. Geographically business activity functions through the region of the United States and derives a majority of its revenue from the sale of products.