Titan Environmental Solutions (Titan Environmental Solutions) Change In Inventory : $-0.16 Mil (TTM As of Mar. 2024)

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What is Titan Environmental Solutions Change In Inventory?

Titan Environmental Solutions's change in inventory for the quarter that ended in Mar. 2024 was $-0.08 Mil. It means Titan Environmental Solutions's inventory increased by $0.08 Mil from Dec. 2023 to Mar. 2024 .

Titan Environmental Solutions's change in inventory for the fiscal year that ended in Dec. 2023 was $-0.08 Mil. It means Titan Environmental Solutions's inventory increased by $0.08 Mil from Dec. 2022 to Dec. 2023 .

Titan Environmental Solutions's Total Inventories for the quarter that ended in Mar. 2024 was $0.22 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Titan Environmental Solutions's Days Inventory for the quarter that ended in Mar. 2024 was 10.26.

Inventory Turnover measures how fast the company turns over its inventory within a year. Titan Environmental Solutions's Inventory Turnover for the quarter that ended in Mar. 2024 was 8.89.

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. Titan Environmental Solutions's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.10.

Titan Environmental Solutions Change In Inventory Historical Data

The historical data trend for Titan Environmental Solutions's Change In Inventory 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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Titan Environmental Solutions Change In Inventory Chart

Titan Environmental Solutions Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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-0.08

Titan Environmental Solutions Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															-	-0.04	0.10	-0.15	-0.08

Titan Environmental Solutions Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.16 Mil.

Titan Environmental Solutions (OTCPK:TESI) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Titan Environmental Solutions's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	0.1825	/	1.623	*	365 / 4
	=	10.26

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

Titan Environmental Solutions's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	1.623	/	0.1825
	=	8.89

3. 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.

Titan Environmental Solutions's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0.1825	/	1.756
	=	0.10

Titan Environmental Solutions Change In Inventory Related Terms

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Titan Environmental Solutions (Titan Environmental Solutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Titan Environmental Solutions Inc (OTCPK:TESI) » Definitions » Change In Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

14205 SE 36th Street, Suite 100, Bellevue, WA, USA, 98006

Website

https://www.traqiq.com

Titan Environmental Solutions Inc is a integrated providing company that provides non-hazardous solid waste and recycling collection, transportation, transfer and disposal services. It also provides technology-enabled solutions for food waste processing, including onsite digesters for food waste, together with cloud-based software tracking and analytics solutions.

Executives

Eleven 11 Management Llc	10 percent owner	156 W. SADDLE RIVER ROAD, SADDLE RIVER NJ 07458
Jeffrey John Rizzo	director, 10 percent owner, officer: Chief Operating Officer	1931 AUSTIN DRIVE, TROY MI 48083
Michelle Rizzo	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Michelle M. Rizzo Trust, Dated January 17, 2009	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Marilyn Rizzo	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Marilyn D. Rizzo Trust, Dated April 23, 2010, As Amended	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Titan 5, Llc	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Titan Holdings 2, Llc	10 percent owner	1931 AUSTIN DRIVE, TROY MI 48083
Michael Jansen	officer: Chief Financial Officer	1931 AUSTIN DRIVE, TROY MI 48083
Glen Martin Miller	director, officer: Chief Executive Officer	1931 AUSTIN DRIVE, TROY MI 48083
Frank E. Celli	director	27 BRADLEY LANE, MONTVALE NJ 07645
Sandeep Soni	officer: President of Kringle.ai	515 OCEAN AVENUE, UNIT 401N, SANTA MONICA CA 90402
Lathika Regunathan	officer: President of Mimo Technologies	A 847, GROUND FLOOR, LAVY PINTO BLOCK,, ASIAN GAMES VILLAGE, NEW DELHI K7 110049
Michael H Pollack	officer: Interim CFO	114 WEST 47TH STREET, 19TH FLOOR, NEW YORK NY 10036
Richard J Berman	director	305 COLLEGE ROAD EAST, PRINCETON NJ 08540