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Toughbuilt Industries Inc   (TBLT)
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Toughbuilt Industries Inc Inventory Turnover Ratio (COS)

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

Toughbuilt Industries Inc 's inventory turnover ratio, the ratio that measures Toughbuilt Industries Inc 's ability to manage its supply chain, sequentially decreased to 1.97 in the third quarter 2023, which does not come as a surprise, as the Toughbuilt Industries Inc continue to experience headwinds, which also impact its supply chain. Toughbuilt Industries Inc 's average inventory processing period in the Sep 30 2023 quarter, has increased to 185 days, from 182 days, in the Jun 30 2023 quarter.

Within Capital Goods sector 166 other companies have achieved higher inventory turnover ratio. While Inventory turnover ratio total ranking has improved so far during the III Quarter 2023, to 1323, from total ranking in the second quarter 2023 at 1368.

TBLT Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Toughbuilt Industries Inc Market Share?

What is Inventory Turnover Ratio?


TBLT 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 -29.83 % -21.78 % -20.99 % 5.03 % 27.74 %
Y / Y Cost of Sales Growth -32.82 % 0.47 % 17.15 % 15.35 % 89.68 %
Inventory Turnover Ratio (TTM) 1.97 2.01 1.89 1.73 1.68
TBLT's Total Ranking # 1323 # 1368 # 1424 # 1781 # 1645
Average inventory processing period 185 182 193 211 217
Seq. Inventory Growth -10.63 % -3.83 % -19.08 % 0.9 % -0.38 %
Seq. Cost of Sales Growth 15.38 % -21.95 % -18.98 % -7.93 % 72.56 %



Inventory Turnover Ratio Company Ranking
Within: No.
Miscellaneous Manufacturing Industry # 31
Capital Goods Sector # 167
Overall Market # 1323

Inventory Turnover Ratio Statistics
High Average Low
15.78 4.31 0.28
(Jun 30 2019)   (Dec 31 2018)




Financial Statements
Toughbuilt Industries Inc 's Inventories $ 28 Millions Visit TBLT's Balance sheet
Toughbuilt Industries Inc 's Cost of Revenues TTM $ 65 Millions Visit TBLT's Income Statement
What are TBLT's Sales? Visit TBLT's Sales by Segment

Other Inventory Turnover Ratios
Toughbuilt Industries Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
Miscellaneous Manufacturing Industry Inventory Turnover Trends and Statistics
Capital Goods Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
TBLT's Inventory Turnover Ratio versus Miscellaneous Manufacturing Industry, Capital Goods Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for TBLT's Competitors
Inventory Turnover Ratio for TBLT's Suppliers
Inventory Turnover Ratio for TBLT's Customers

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



Companies with similar Inventory Turnover Ratio for the quarter ending Sep 30 2023, within Capital Goods Sector Inventory Turnover Ratio Cost of revenues at quarter ending Sep 30 2023 Inventories at quarter ending Sep 30 2023
Johnson Controls International Plc  6.35 $ 17,838.000  Millions$ 2,807  Millions
Trans lux Corporation  6.16 $ 15.639  Millions$ 3  Millions
Applied Industrial Technologies Inc   6.10 $ 3,139.378  Millions$ 515  Millions
Cavco Industries Inc   5.84 $ 1,427.443  Millions$ 244  Millions
Leonardo Drs Inc   5.81 $ 2,098.000  Millions$ 361  Millions
Miller Industries inc   5.70 $ 943.187  Millions$ 165  Millions
Malibu Boats Inc   5.63 $ 1,008.394  Millions$ 179  Millions
Winnebago Industries Inc   5.58 $ 2,904.000  Millions$ 521  Millions
Graham Corporation  5.54 $ 142.516  Millions$ 26  Millions
Nn Inc   5.47 $ 425.253  Millions$ 78  Millions
Kratos Defense and Security Solutions inc   5.43 $ 754.300  Millions$ 139  Millions
Owens Corning  5.41 $ 7,020.000  Millions$ 1,299  Millions
Array Technologies Inc   5.35 $ 1,217.145  Millions$ 228  Millions
Carrier Global Corporation  5.25 $ 14,062.000  Millions$ 2,676  Millions
Vontier Corporation  5.19 $ 1,739.100  Millions$ 335  Millions
Reliant Holdings Inc   5.15 $ 2.053  Millions$ 0  Millions
Thor Industries Inc   5.07 $ 8,996.952  Millions$ 1,774  Millions
Park Aerospace Corp   5.05 $ 37.820  Millions$ 7  Millions
Donaldson Company Inc   5.01 $ 2,254.900  Millions$ 450  Millions
Ferguson Plc  4.98 $ 20,650.000  Millions$ 4,150  Millions
Sunworks Inc   4.96 $ 101.693  Millions$ 21  Millions
Eos Energy Enterprises Inc   4.84 $ 90.232  Millions$ 19  Millions
Illinois Tool Works Inc  4.79 $ 9,313.000  Millions$ 1,944  Millions
Atkore Inc   4.78 $ 2,179.000  Millions$ 456  Millions
Marine Products Corporation  4.67 $ 316.583  Millions$ 68  Millions
Championx Corp  4.58 $ 2,660.541  Millions$ 581  Millions
Nvent Electric Plc  4.51 $ 1,863.500  Millions$ 413  Millions
Terran Orbital Corporation  4.49 $ 121.000  Millions$ 27  Millions
Standex International Corp  4.47 $ 454.653  Millions$ 102  Millions
Xylem Inc   4.35 $ 4,218.000  Millions$ 970  Millions

Date modified: 2024-01-10T05:56:44+00:00



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