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


TOBAF TAAT Global Alternatives Inc TOBAF
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What is TAAT Global Alternatives Inventory Turnover?

TAAT Global Alternatives TOBAF 10 Inventory Turnover is 5.36 as of Jul. 2024. GuruFocus rates TOBAF with a GF Score™ of 10/100.

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. 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  (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

* 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.

TAAT Global Alternatives Inventory Turnover Related Terms

TAAT Global Alternatives Inventory Turnover Historical Data

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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.

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 Premium Member Only Premium Member Only 0.00 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 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 5.41 5.14 4.80 4.62 5.36
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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

* 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 5.36 mean?
TAAT Global Alternatives (TOBAF) has a Inventory Turnover of 5.36 as of Jul. 2024. Inventory turnover equals current-period cost of goods sold divided by average two-period total inventories. View historical data on TAAT Global Alternatives and its competitors.
Is TAAT Global Alternatives' Inventory Turnover too high?
TAAT Global Alternatives' current Inventory Turnover is 5.36. Overall, TAAT Global Alternatives has a GF Score™ of 10/100, reflecting its overall financial health beyond just this single metric.
How does TAAT Global Alternatives' Inventory Turnover compare to VPRB and XXII?
TAAT Global Alternatives' Inventory Turnover of 5.36 can be compared against companies in the Tobacco 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 a Tobacco Products company?
A good Inventory Turnover depends on the Tobacco 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 TAAT Global Alternatives and its competitors. TAAT Global Alternatives's current Inventory Turnover is 5.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TAAT Global Alternatives stock overvalued right now?
TAAT Global Alternatives (TOBAF) has a current Inventory Turnover of 5.36. The current Inventory Turnover is 5.36. TAAT Global Alternatives' overall GF Score™ is 10/100. 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 TAAT Global Alternatives (TOBAF), the current Inventory Turnover is 5.36 as of Jul. 2024. 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.

TAAT Global Alternatives Business Description

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