Days Inventory is also known as Days Sales of Inventory (DSI). Tofutti Brands's Average Total Inventories for the
three
months ended in Dec. 2023 was $2.51 Mil. Tofutti Brands's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $1.61 Mil.
Hence, Tofutti Brands's Days Inventory for the
three
months ended in Dec. 2023 was 142.67.
The historical rank and industry rank for Tofutti Brands's Days Inventory or its related term are showing as below:
TOFB'
s Days Inventory Range Over the Past 10 Years
Min: 56.11 Med: 69.94 Max: 125.41
Current: 125.41
During the past 13 years, Tofutti Brands's highest Days Inventory was 125.41. The lowest was 56.11. And the median was 69.94.
TOFB's Days Inventory is ranked worse than 71.18% of 1787
companies
in the Consumer Packaged Goods industry
Industry Median: 82.17
vs TOFB: 125.41
Tofutti Brands's Days Inventory
increased
from Dec. 2022 (79.52) to Dec. 2023 (142.67).
It might indicate that Tofutti Brands's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Tofutti Brands's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.64.
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.
Tofutti Brands's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.07.
Tofutti Brands Days Inventory Historical Data
The historical data trend for Tofutti Brands's Days 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.
Competitive Comparison of Tofutti Brands's Days Inventory
For the Packaged Foods subindustry, Tofutti Brands's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tofutti Brands's Days Inventory Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Tofutti Brands's Days Inventory distribution charts can be found below:
* The bar in red indicates where Tofutti Brands's Days Inventory falls into.
Tofutti Brands Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Tofutti Brands's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Tofutti Brands (OTCPK:TOFB) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Tofutti Brands's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. 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.
Tofutti Brands's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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.
Be Aware
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
Tofutti Brands Days Inventory Related Terms
Thank you for viewing the detailed overview of Tofutti Brands's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Tofutti Brands (Tofutti Brands) Business Description
Tofutti Brands Inc is engaged in the development, production, and marketing of TOFUTTI brand non-dairy frozen desserts and other food products. It offers soy-based products, plant-based, dairy vegan, frozen desserts, soy-based cheeses and spreads, and other frozen food products. The company sells its dairy-free frozen dessert products, frozen entrees, and soy-cheese products in majorly markets in the United States, including Atlanta, Baltimore, Boston, Charlotte, Chicago, Cincinnati, and Cleveland. It distributes all of its products by common carrier or by allowing customers to pick up products from outside storage facilities.
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