TOBAF (TAAT Global Alternatives) Inventory Turnover : 5.36 (As of Jul. 2024)

View and export this data going back to 2012. Start your Free Trial

What is TAAT Global Alternatives 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. TAAT Global Alternatives's Cost of Goods Sold for the three months ended in Jul. 2024 was $16.71 Mil. TAAT Global Alternatives's Average Total Inventories for the quarter that ended in Jul. 2024 was $3.12 Mil. TAAT Global Alternatives's Inventory Turnover for the quarter that ended in Jul. 2024 was 5.36.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TAAT Global Alternatives's Days Inventory for the three months ended in Jul. 2024 was 17.02.

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. TAAT Global Alternatives's Inventory-to-Revenue for the quarter that ended in Jul. 2024 was 0.18.

TAAT Global Alternatives Inventory Turnover Historical Data

The historical data trend for TAAT Global Alternatives'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.

* Premium members only.

TAAT Global Alternatives Inventory Turnover Chart

TAAT Global Alternatives Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Inventory Turnover

Get a 7-Day Free Trial

0.32

2.91

12.88

19.74

TAAT Global Alternatives Quarterly Data
	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24
Inventory Turnover	Get a 7-Day Free Trial															5.41	5.14	4.80	4.62	5.36

TAAT Global Alternatives Inventory Turnover Calculation

TAAT Global Alternatives's Inventory Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Inventory Turnover (A: Oct. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Oct. 2023 )	/ (	(Total Inventories (A: Oct. 2022 )	+	Total Inventories (A: Oct. 2023 ))	/	count )
=	67.055	/ (	(3.726	+	3.067)	/	2 )
=	67.055	/	3.3965
=	19.74

TAAT Global Alternatives's Inventory Turnover for the quarter that ended in Jul. 2024 is calculated as

	Inventory Turnover (Q: Jul. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jul. 2024 )	/ (	(Total Inventories (Q: Apr. 2024 )	+	Total Inventories (Q: Jul. 2024 ))	/	count )
=	16.712	/ (	(3.243	+	2.992)	/	2 )
=	16.712	/	3.1175
=	5.36

TAAT Global Alternatives (OTCPK:TOBAF) 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.

TAAT Global Alternatives's Days Inventory for the three months ended in Jul. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jul. 2024 )	/	Cost of Goods Sold (Q: Jul. 2024 )	*	Days in Period
	=	3.1175	/	16.712	*	365 / 4
	=	17.02

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.

TAAT Global Alternatives's Inventory to Revenue for the quarter that ended in Jul. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jul. 2024 )	/	Revenue (Q: Jul. 2024 )
	=	3.1175	/	17.605
	=	0.18

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.

TAAT Global Alternatives Inventory Turnover Related Terms

Thank you for viewing the detailed overview of TAAT Global Alternatives's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

TAAT Global Alternatives Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » TAAT Global Alternatives Inc (OTCPK:TOBAF) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

2TP0:Germany TAAT:Canada

Address

1075 West Georgia Street, Suite 1890, Vancouver, BC, CAN, V6E 3C9

Website

https://www.taatglobal.com

TAAT Global Alternatives Inc is a Canada-based company, which develops, manufactures, and distributes alternative product categories such as tobacco, hemp, and other emerging CPG segments. The company has two reportable segments, the sale of non-tobacco and tobacco products. It generates the majority of its revenue from the tobacco products segment.