Altitude International Holdings (Altitude International Holdings) Total Inventories : $0.36 Mil (As of Dec. 2022)

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What is Altitude International Holdings Total Inventories?

Altitude International Holdings's total inventories for the quarter that ended in Dec. 2022 was $0.36 Mil. Altitude International Holdings's average total inventories from the quarter that ended in Sep. 2022 to the quarter that ended in Dec. 2022 was $0.32 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Altitude International Holdings's Net-Net Working Capital per share for the quarter that ended in Dec. 2022 was $-0.15.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Altitude International Holdings's Days Inventory for the three months ended in Dec. 2022 was 4.79.

Inventory Turnover measures how fast the company turns over its inventory within a year. Altitude International Holdings's Inventory Turnover for the quarter that ended in Dec. 2022 was 19.07.

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. Altitude International Holdings's Inventory-to-Revenue for the quarter that ended in Dec. 2022 was 0.07.

Altitude International Holdings Total Inventories Historical Data

The historical data trend for Altitude International Holdings's Total Inventories 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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Altitude International Holdings Total Inventories Chart

Altitude International Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Total Inventories

0.05

0.16

0.36

Altitude International Holdings Quarterly Data
	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Total Inventories	Get a 7-Day Free Trial					0.16	0.15	0.26	0.27	0.36

Altitude International Holdings Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

Altitude International Holdings (OTCPK:ALTD) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Altitude International Holdings's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2022 is

	Net-Net Working Capital Per Share (Q: Dec. 2022 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(1.596	+	0.75 * 0.738	+	0.5 * 0.364	-	77.901
-	0	-	0)	/	492.239
=	-0.15

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Altitude International Holdings's Days Inventory for the three months ended in Dec. 2022 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2022 )	/	Cost of Goods Sold (Q: Dec. 2022 )	*	Days in Period
	=	0.318	/	6.064	*	365 / 4
	=	4.79

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

Altitude International Holdings's Inventory Turnover for the quarter that ended in Dec. 2022 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2022 )	/	Average Total Inventories (Q: Dec. 2022 )
	=	6.064	/	0.318
	=	19.07

4. 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.

Altitude International Holdings's Inventory to Revenue for the quarter that ended in Dec. 2022 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2022 )	/	Revenue (Q: Dec. 2022 )
	=	0.318	/	4.498
	=	0.07

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

Altitude International Holdings Total Inventories Related Terms

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Altitude International Holdings (Altitude International Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Altitude International Holdings Inc (OTCPK:ALTD) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

4500 SE Pine Valley Street, Port Saint Lucie, FL, USA, 34952

Website

https://www.altdintl.com

Altitude International Holdings Inc is a holding company focused on a people-first, global wellness group through its operating subsidiaries which are comprised of multiple scalable related revenue streams that together create a vertically integrated high-performance sports, education, and technology group. It has three revenue streams: Sport Tuition Properties, Academic Tuition Properties, and Sport Technology Properties.

Executives

Keith Lee	10 percent owner	399 PARK AVENUE, 39TH FLOOR, NEW YORK NY 10022
Gt Investment Partners, Lp	10 percent owner	18952 MACARTHUR BLVD, SUITE 100, IRVINE CA 92612
Scott Del Mastro	director, 10 percent owner	4500 SE PINE VALLEY STREET, PORT ST., LUCIE FL 34952
Gregory C. Breunich	director, 10 percent owner, officer: CEO, Chairman, and Acting CFO	4500 SE PINE VALLY STREET, PORT ST. LUCIE FL 34952
David P Vincent	director, 10 percent owner	ASHWOOD PINES, CHURCH END, SHERFIELD ON LODDON, HANTS X0 RG27 0JB
Gregory C. Anthony	director, 10 percent owner, officer: CCO and President	4500 SE PINE VALLEY STREET, PORT SAINT LUCIE FL 34952
Lesley Visser	director	535 E. LAS OLAS BOULEVARD, SUITE 120, FORT LAUDERDALE FL 33301
Joseph B. Frost	officer: C.O.O.	4210 S. OCEAN BLVD., APT. 2, HIGHLAND BEACH FL 33487
Greg Peter Whyte	director	4500 SE PINE VALLEY STREET, PORT SAINT LUCIE FL 34952
Robert Kanuth	director, 10 percent owner, officer: CEO	535 E. LAS OLAS BOULEVARD, SUITE 120, FORT LAUDERDALE FL 33301
Amy Karen Freedman	10 percent owner	308 KENMORE AVE., EDGEWATER MD 21037

Altitude International Holdings (Altitude International Holdings) Headlines

From GuruFocus

Altitude International Holdings Provides Third Quarter 2022 Corporate Update; YTD Revenues Increase 40% to $7.7 Million

By ACCESSWIRE ACCESSWIRE • 11-03-2022