Taronis Fuels (Taronis Fuels) Inventory Turnover : 0.49 (As of Sep. 2020)

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What is Taronis Fuels 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. Taronis Fuels's Cost of Goods Sold for the three months ended in Sep. 2020 was $3.37 Mil. Taronis Fuels's Average Total Inventories for the quarter that ended in Sep. 2020 was $6.90 Mil. Taronis Fuels's Inventory Turnover for the quarter that ended in Sep. 2020 was 0.49.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Taronis Fuels's Days Inventory for the three months ended in Sep. 2020 was 186.96.

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. Taronis Fuels's Inventory-to-Revenue for the quarter that ended in Sep. 2020 was 0.71.

Taronis Fuels Inventory Turnover Historical Data

The historical data trend for Taronis Fuels'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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Taronis Fuels Inventory Turnover Chart

Taronis Fuels Annual Data

Trend

Dec17

Dec18

Dec19

Inventory Turnover

1.59

2.83

3.32

Taronis Fuels Quarterly Data
	Dec17	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Inventory Turnover	Get a 7-Day Free Trial					0.80	0.55	0.62	0.32	0.49

Taronis Fuels Inventory Turnover Calculation

Taronis Fuels's Inventory Turnover for the fiscal year that ended in Dec. 2019 is calculated as

	Inventory Turnover (A: Dec. 2019 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2019 )	/ (	(Total Inventories (A: Dec. 2018 )	+	Total Inventories (A: Dec. 2019 ))	/	count )
=	10.338	/ (	(2.587	+	3.639)	/	2 )
=	10.338	/	3.113
=	3.32

Taronis Fuels's Inventory Turnover for the quarter that ended in Sep. 2020 is calculated as

	Inventory Turnover (Q: Sep. 2020 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2020 )	/ (	(Total Inventories (Q: Jun. 2020 )	+	Total Inventories (Q: Sep. 2020 ))	/	count )
=	3.366	/ (	(6.536	+	7.257)	/	2 )
=	3.366	/	6.8965
=	0.49

Taronis Fuels (OTCPK:TRNFQ) 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.

Taronis Fuels's Days Inventory for the three months ended in Sep. 2020 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2020 )	/	Cost of Goods Sold (Q: Sep. 2020 )	*	Days in Period
	=	6.8965	/	3.366	*	365 / 4
	=	186.96

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.

Taronis Fuels's Inventory to Revenue for the quarter that ended in Sep. 2020 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2020 )	/	Revenue (Q: Sep. 2020 )
	=	6.8965	/	9.662
	=	0.71

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.

Taronis Fuels Inventory Turnover Related Terms

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Taronis Fuels (Taronis Fuels) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Taronis Fuels Inc (OTCPK:TRNFQ) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

N/A

Address

24980 N. 83rd Avenue, Suite 100, Peoria, AZ, USA, 85383

Website

https://www.taronisfuels.com

Taronis Fuels Inc is a renewable fuel and power generation company. It is a holding company of various gas and welding supply companies. It supplies industrial gases and welding equipment and services to the retail and wholesale metalworking and manufacturing industries. The company also sells and distributes a synthetic gas namely, MagneGas which is a renewable alternative cutting fuel. It has retail locations located throughout California, Texas, Louisiana and Florida.

Executives

Scott Mahoney	director, officer: Chief Executive Officer	4800 NORTH SCOTTSDALE ROAD SUITE 1400 SCOTTSDALE AZ 85251
Dingess, Robert L.	director	150 RAINVILLE ROAD TARPON SPRINGS FL 34689
Tyler B. Wilson	officer: CFO/Treasurer/Secretary	P.O. BOX 8129 ASPEN CO 81612
Kevin Pollack	director	150 RAINVILLE ROAD, TARPON SPRINGS FL 34689
Staunton William W Iii	director