ALTUU (Altitude Acquisition) Total Inventories : $0.00 Mil (As of Sep. 2023)

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What is Altitude Acquisition Total Inventories?

Altitude Acquisition's total inventories for the quarter that ended in Sep. 2023 was $0.00 Mil. Altitude Acquisition's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Sep. 2023 was $0.00 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Altitude Acquisition's Net-Net Working Capital per share for the quarter that ended in Sep. 2023 was $N/A.

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

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

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 Acquisition Total Inventories Historical Data

The historical data trend for Altitude Acquisition'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 Acquisition Total Inventories Chart

Altitude Acquisition Annual Data

Trend

Dec20

Dec21

Dec22

Total Inventories

Altitude Acquisition Quarterly Data
	Aug20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Total Inventories	Get a 7-Day Free Trial								-	-	-	-	-

Altitude Acquisition 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 Acquisition (NAS:ALTUU) 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 Acquisition's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2023 is

	Net-Net Working Capital Per Share (Q: Sep. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.001	+	0.75 * 0	+	0.5 * 0	-	22.579
-	0	-	0)	/	0
=	N/A

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

Altitude Acquisition's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0	/	0	*	365 / 4
	=

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

Altitude Acquisition's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2023 )	/	Average Total Inventories (Q: Sep. 2023 )
	=	0	/	0
	=	N/A

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 Acquisition's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0	/	0
	=

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 Acquisition Total Inventories Related Terms

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Altitude Acquisition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Altitude Acquisition Corp (NAS:ALTUU) » Definitions » Total Inventories

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Perimeter Center Terrace, Suite 151, Atlanta, GA, USA, 30346

Website

https://www.altitudeac.com

Altitude Acquisition Corp is a blank check company.

Executives

Warren Hosseinion	director	C/O 1668 S. GARFIELD AVENUE, 2ND FLOOR, ALHAMBRA CA 91801
Bnp Paribas Arbitrage, Sa	10 percent owner	1 RUE LAFFITTE, PARIS I0 75009
Michael Gavin Isaacs	director	BALLY TECHNOLOGIES, INC., 6601 BERMUDA ROAD, LAS VEGAS NV 89119
Altitude Acquisition Holdco Llc	director, 10 percent owner	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Thomas Breitling	director	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Gary Teplis	10 percent owner	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Adeel Rouf	officer: See Remarks	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Kevin Michael Schubert	officer: Chief Operating Officer	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Michel Maurice Taride	director	1240 WEST WESLEY ROAD, ATLANTA 2Q 30327
Farris Griggs	officer: Chief Financial Officer	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Sam Galeotos	director	1240 WEST WESLEY ROAD, ATLANTA GA 30327
Hilton Sturisky	director	1240 WEST WESLEY ROAD, ATLANTA GA 30327