TUT Fitness Group (TSXV:GYM) Total Inventories : C$0.50 Mil (As of Mar. 2024)

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What is TUT Fitness Group Total Inventories?

TUT Fitness Group's total inventories for the quarter that ended in Mar. 2024 was C$0.50 Mil. TUT Fitness Group's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Mar. 2024 was C$0.53 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. TUT Fitness Group's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was C$-0.12.

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 Turnover measures how fast the company turns over its inventory within a year. TUT Fitness Group's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.08.

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 Total Inventories Historical Data

The historical data trend for TUT Fitness Group'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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TUT Fitness Group Total Inventories Chart

TUT Fitness Group Annual Data

Trend

Sep21

Sep22

Sep23

Total Inventories

0.14

0.76

0.56

TUT Fitness Group Quarterly Data
	Aug20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Total Inventories	Get a 7-Day Free Trial							0.74	0.71	0.67	0.56	0.50

TUT Fitness Group 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.

TUT Fitness Group (TSXV:GYM) 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.

TUT Fitness Group's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

	Net-Net Working Capital Per Share (Q: Mar. 2024 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(0.014	+	0.75 * 0.018	+	0.5 * 0.497	-	0.723
-	0	-	0)	/	3.661
=	-0.12

2. 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

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

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

Inventory Turnover	=	Cost of Goods Sold (Q: Mar. 2024 )	/	Average Total Inventories (Q: Mar. 2024 )
	=	0.04	/	0.5295
	=	0.08

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.

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

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.

TUT Fitness Group Total Inventories 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 » Total Inventories

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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

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