Toughbuilt Industries Inc (TBLT) Inventory Turnover Ratio, from fourth quarter 2023 to fourth quarter 2022, current and historic results, rankings and more, Quarterly Fundamentals - CSIMarket
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Toughbuilt Industries Inc   (NASDAQ: TBLT)
 

Toughbuilt Industries Inc Inventory Turnover Ratio (COS)

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

Toughbuilt Industries Inc inventory turnover ratio, the Toughbuilt Industries Inc 's ability to sell and replace its inventory in the fourth quarter 2023, sequentially increased to 2.07 in the fourth quarter 2023, yet the ratio remained below the average, as TBLT's market remain challenging.Average inventory processing period, for the Toughbuilt Industries Inc in Dec 31 2023 quarter, has decreased to 176 days, compare to 185 days, in the Sep 30 2023 quarter.

Within Capital Goods sector 159 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 1323 in the third quarter 2023, to 1626.

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

What is Inventory Turnover Ratio?



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TBLT Inventory Turnover Ratio (Dec 31 2023)
IV. Quarter		 (Sep 30 2023)
III. Quarter		 (Jun 30 2023)
II. Quarter		 (Mar 31 2023)
I. Quarter		 (Dec 31 2022)
IV. Quarter
Y / Y Inventory Growth -45.64 % -29.83 % -21.78 % -20.99 % 5.03 %
Y / Y Cost of Sales Growth -29.69 % -32.82 % 0.47 % 17.15 % 15.35 %
Inventory Turnover Ratio (TTM) 2.07 1.97 2.01 1.89 1.73
TBLT's Total Ranking # 1626 # 1323 # 1368 # 1424 # 1781
Average inventory processing period 176 185 182 193 211
Seq. Inventory Growth -21.83 % -10.63 % -3.83 % -19.08 % 0.9 %
Seq. Cost of Sales Growth -3.63 % 15.38 % -21.95 % -18.98 % -7.93 %




Inventory Turnover Ratio Company Ranking
Within: No.
Miscellaneous Manufacturing Industry # 24
Capital Goods Sector # 160
Overall Market # 1626

Inventory Turnover Ratio Statistics
High Average Low
15.78 4.2 0.28
(Jun 30 2019)   (Dec 31 2018)



TBLT Company Profile >> Back to TBLT Efficiency Comparisons >> Compare TBLT Inventory Turnover Ratio to its Competitors

Financial Statements
Toughbuilt Industries Inc 's Inventories $ 22 Millions Visit TBLT's Balance sheet
Toughbuilt Industries Inc 's Cost of Revenues TTM $ 59 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 Dec 31 2023, within Capital Goods Sector Inventory Turnover Ratio Cost of revenues at quarter ending Dec 31 2023 Inventories at quarter ending Dec 31 2023
Perma pipe International Holdings Inc   7.41 $ 108.028  Millions$ 15  Millions
Champion Homes Inc   7.40 $ 1,449.502  Millions$ 196  Millions
Oil dri Corporation Of America  7.31 $ 309.291  Millions$ 42  Millions
Sci Engineered Materials inc   7.24 $ 22.000  Millions$ 3  Millions
Shyft Group Inc   6.69 $ 721.000  Millions$ 108  Millions
Stem Inc   6.50 $ 457.000  Millions$ 70  Millions
Wabash National Corporation  6.42 $ 2,038.000  Millions$ 318  Millions
Johnson Controls International Plc  6.30 $ 17,510.000  Millions$ 2,778  Millions
Greenland Technologies Holding Corp  6.28 $ 100.220  Millions$ 16  Millions
Applied Industrial Technologies Inc   6.18 $ 3,147.603  Millions$ 509  Millions
Leonardo Drs Inc   5.99 $ 2,178.000  Millions$ 364  Millions
Trans lux Corporation  5.94 $ 14.549  Millions$ 2  Millions
Miller Industries Inc   5.74 $ 1,001.000  Millions$ 175  Millions
Sturm Ruger and Company Inc   5.65 $ 410.148  Millions$ 73  Millions
Nn Inc   5.56 $ 419.175  Millions$ 75  Millions
Array Technologies Inc   5.53 $ 1,161.000  Millions$ 210  Millions
Owens Corning  5.53 $ 6,994.000  Millions$ 1,265  Millions
Cavco Industries Inc   5.47 $ 1,402.545  Millions$ 256  Millions
Winnebago Industries Inc   5.46 $ 2,759.200  Millions$ 506  Millions
Graham Corporation  5.44 $ 142.870  Millions$ 26  Millions
Carrier Global Corporation  5.38 $ 13,831.000  Millions$ 2,570  Millions
Donaldson Company Inc   5.27 $ 2,279.000  Millions$ 433  Millions
Eos Energy Enterprises Inc   5.26 $ 89.798  Millions$ 17  Millions
Kratos Defense and Security Solutions inc   5.24 $ 768.000  Millions$ 147  Millions
Malibu Boats Inc   5.23 $ 918.316  Millions$ 175  Millions
Nuburu Inc   5.23 $ 5.695  Millions$ 1  Millions
Ferguson Enterprises Inc   5.09 $ 20,457.000  Millions$ 4,015  Millions
Thor Industries Inc   5.09 $ 8,917.944  Millions$ 1,752  Millions
Illinois Tool Works Inc  5.02 $ 9,316.000  Millions$ 1,857  Millions
Cnh Industrial N v   4.98 $ 16,838.000  Millions$ 3,380  Millions

Date modified: 2026-09-02T17:55:37+00:00




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