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Alta Equipment Group Inc   (ALTG)
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Alta Equipment Group Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Alta Equipment Group Inc 's inventory turnover ratio, the ratio that measures Alta Equipment Group Inc 's ability to manage its supply chain, sequentially decreased to 2.79 in the third quarter 2023, which does not come as a surprise, as the Alta Equipment Group Inc continue to experience headwinds, which also impact its supply chain. Alta Equipment Group Inc 's average inventory processing period in the Sep 30 2023 quarter, has increased to 131 days, from 124 days, in the Jun 30 2023 quarter.

Within Services sector 152 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the III Quarter 2023, to 757, from total ranking in the second quarter 2023 at 930.

ALTG Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Alta Equipment Group Inc Market Share?

What is Inventory Turnover Ratio?


ALTG Inventory Turnover Ratio (Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2022)
III. Quarter
Y / Y Inventory Growth 45.58 % 67.9 % 61.2 % 67.1 % 65.2 %
Y / Y Cost of Sales Growth 15.88 % 13.4 % 24.59 % 18.94 % 37.17 %
Inventory Turnover Ratio (TTM) 2.79 2.94 3.22 3.48 3.78
ALTG's Total Ranking # 757 # 930 # 784 # 1127 # 1083
Average inventory processing period 131 124 113 105 97
Seq. Inventory Growth -1.04 % 6.16 % 17.36 % 18.08 % 14.13 %
Seq. Cost of Sales Growth -0.29 % 13.89 % -5.79 % 8.32 % -2.43 %



Inventory Turnover Ratio Company Ranking
Within: No.
Broadcasting Media & Cable TV Industry # 9
Services Sector # 153
Overall Market # 757

Inventory Turnover Ratio Statistics
High Average Low
4.03 3.49 2.79
(Dec 31 2021)   (Sep 30 2023)




Financial Statements
Alta Equipment Group Inc 's Inventories $ 493 Millions Visit ALTG's Balance sheet
Alta Equipment Group Inc 's Cost of Revenues TTM $ 1,298 Millions Visit ALTG's Income Statement
What are ALTG's Sales? Visit ALTG's Sales by Segment

Other Inventory Turnover Ratios
Alta Equipment Group Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Broadcasting Media & Cable TV Industry Inventory Turnover Trends and Statistics
Services Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
ALTG's Inventory Turnover Ratio versus Broadcasting Media & Cable TV Industry, Services Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for ALTG's Competitors
Inventory Turnover Ratio for ALTG's Suppliers
Inventory Turnover Ratio for ALTG's Customers

You may also want to know
ALTG's Sales Growth Rates ALTG's Pe Price to earnings ratio ALTG's Receivables Turnover Ratio ALTG's Stock Quote
ALTG's Net Income Growth Rates ALTG's Ps Price to Sales ratio ALTG's Sales per Employee ALTG's Asset Turnover Ratio
ALTG's Net Margin ALTG's Pb Price to Book ratio ALTG's Financial Strength Ratios ALTG's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Sep 30 2023, within Services Sector Inventory Turnover Ratio Cost of revenues at quarter ending Sep 30 2023 Inventories at quarter ending Sep 30 2023
T mobile Us Inc   7.20 $ 12,030.000  Millions$ 1,671  Millions
Surgepays Inc   7.15 $ 106.125  Millions$ 15  Millions
Cornerstone Building Brands Inc   7.06 $ 3,830.800  Millions$ 543  Millions
Nextplat Corp  6.86 $ 18.000  Millions$ 3  Millions
Yum China Holdings Inc   6.58 $ 2,650.000  Millions$ 403  Millions
Cracker Barrel Old Country Store Inc   5.73 $ 1,101.636  Millions$ 192  Millions
Graham Holdings Co  5.71 $ 1,443.454  Millions$ 253  Millions
Sidus Space Inc   5.70 $ 5.443  Millions$ 1  Millions
Globalstar Inc   5.63 $ 59.390  Millions$ 11  Millions
Jacksam Corporation  5.44 $ 1.211  Millions$ 0  Millions
Telephone And Data Systems Inc   5.31 $ 1,241.000  Millions$ 234  Millions
Offerpad Solutions Inc   5.21 $ 1,742.284  Millions$ 335  Millions
1847 Holdings Llc  5.14 $ 58.199  Millions$ 11  Millions
Ashford Inc   5.07 $ 11.884  Millions$ 2  Millions
H and e Equipment Services Inc   4.90 $ 779.039  Millions$ 159  Millions
Global Industrial Company  4.78 $ 793.000  Millions$ 166  Millions
Mrc Global Inc   4.43 $ 2,818.000  Millions$ 636  Millions
Rb Global Inc  4.35 $ 723.052  Millions$ 166  Millions
Allegion Plc  4.35 $ 2,068.000  Millions$ 476  Millions
Xponential Fitness Inc   4.09 $ 53.236  Millions$ 13  Millions
Igen Networks Corp   3.84 $ 0.126  Millions$ 0  Millions
Opendoor Technologies Inc   3.74 $ 8,447.000  Millions$ 2,260  Millions
Chart Industries Inc   3.54 $ 1,952.000  Millions$ 552  Millions
United States Cellular Corporation  3.25 $ 738.000  Millions$ 227  Millions
Msc Industrial Direct Co Inc   3.21 $ 2,366.000  Millions$ 737  Millions
Calix Inc   3.21 $ 488.576  Millions$ 152  Millions
Acco Brands Corporation  3.21 $ 1,270.000  Millions$ 396  Millions
European Wax Center Inc   3.16 $ 73.933  Millions$ 23  Millions
Aerkomm Inc   3.14 $ 4.291  Millions$ 1  Millions
Cedar Fair L p   2.88 $ 160.273  Millions$ 56  Millions

Date modified: 2023-11-10T00:42:34+00:00



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