Taronis Fuels (Taronis Fuels) Total Inventories : $7.26 Mil (As of Sep. 2020)

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What is Taronis Fuels Total Inventories?

Taronis Fuels's total inventories for the quarter that ended in Sep. 2020 was $7.26 Mil. Taronis Fuels's average total inventories from the quarter that ended in Jun. 2020 to the quarter that ended in Sep. 2020 was $6.90 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Taronis Fuels's Net-Net Working Capital per share for the quarter that ended in Sep. 2020 was $-10.38.

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 Turnover measures how fast the company turns over its inventory within a year. Taronis Fuels's Inventory Turnover for the quarter that ended in Sep. 2020 was 0.49.

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 Total Inventories Historical Data

The historical data trend for Taronis Fuels'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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Taronis Fuels Total Inventories Chart

Taronis Fuels Annual Data

Trend

Dec17

Dec18

Dec19

Total Inventories

1.37

2.59

3.64

Taronis Fuels Quarterly Data
	Dec17	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Total Inventories	Get a 7-Day Free Trial					3.21	3.64	4.35	6.54	7.26

Taronis Fuels 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.

Taronis Fuels (OTCPK:TRNFQ) 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.

Taronis Fuels's Net-Net Working Capital Per Share for the quarter that ended in Sep. 2020 is

	Net-Net Working Capital Per Share (Q: Sep. 2020 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.212	+	0.75 * 10.553	+	0.5 * 7.257	-	36.796
-	0	-	0)	/	2.41335
=	-10.38

2. 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

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Sep. 2020 )	/	Average Total Inventories (Q: Sep. 2020 )
	=	3.366	/	6.8965
	=	0.49

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.

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

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.

Taronis Fuels Total Inventories 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 » Total Inventories

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