TUT Fitness Group (TSXV:GYM) Inventory Turnover : 0.08 (As of Mar. 2024)

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What is TUT Fitness Group 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. TUT Fitness Group's Cost of Goods Sold for the three months ended in Mar. 2024 was C$0.04 Mil. TUT Fitness Group's Average Total Inventories for the quarter that ended in Mar. 2024 was C$0.53 Mil. TUT Fitness Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.08.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. TUT Fitness Group's Days Inventory for the three months ended in Mar. 2024 was 1,207.92.

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. TUT Fitness Group's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 7.16.

TUT Fitness Group Inventory Turnover Historical Data

The historical data trend for TUT Fitness Group'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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TUT Fitness Group Inventory Turnover Chart

TUT Fitness Group Annual Data

Trend

Sep21

Sep22

Sep23

Inventory Turnover

0.25

0.33

0.37

TUT Fitness Group Quarterly Data
	Aug20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Inventory Turnover	Get a 7-Day Free Trial							0.07	0.06	0.02	0.23	0.08

TUT Fitness Group Inventory Turnover Calculation

TUT Fitness Group's Inventory Turnover for the fiscal year that ended in Sep. 2023 is calculated as

	Inventory Turnover (A: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Sep. 2023 )	/ (	(Total Inventories (A: Sep. 2022 )	+	Total Inventories (A: Sep. 2023 ))	/	count )
=	0.246	/ (	(0.755	+	0.562)	/	2 )
=	0.246	/	0.6585
=	0.37

TUT Fitness Group's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	0.04	/ (	(0.562	+	0.497)	/	2 )
=	0.04	/	0.5295
=	0.08

TUT Fitness Group (TSXV:GYM) 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.

TUT Fitness Group's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	0.5295	/	0.04	*	365 / 4
	=	1,207.92

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.

TUT Fitness Group's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	0.5295	/	0.074
	=	7.16

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.

TUT Fitness Group Inventory Turnover Related Terms

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TUT Fitness Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » TUT Fitness Group Inc (TSXV:GYM) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

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Address

17277, 56 Avenue, Suite 112, Surrey, BC, CAN, V3S 1C2

Website

https://www.tutfitnessgroup.com

TUT Fitness Group Inc is a fitness company. engaged in design, development, and distribution of patented fitness equipment. It designs and manufactures the smallest, more affordable, high-performance home gyms, that can be assembled and disassembled in minutes, and stored almost anywhere.

Executives

Anthony John Guy Dutton	Director
Robert Douglas Smith	Director, Senior Officer
Aaron Edward Fader	Director or Senior Officer of 10% Security Holder, Senior Officer

TUT Fitness Group Headlines

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