Turning Point Brands (Turning Point Brands) Inventory Turnover : 0.44 (As of Mar. 2024)

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What is Turning Point Brands Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Turning Point Brands's Cost of Goods Sold for the three months ended in Mar. 2024 was $45.1 Mil. Turning Point Brands's Average Total Inventories for the quarter that ended in Mar. 2024 was $102.2 Mil. Turning Point Brands's Inventory Turnover for the quarter that ended in Mar. 2024 was 0.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Turning Point Brands's Days Inventory for the three months ended in Mar. 2024 was 206.60.

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. Turning Point Brands's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 1.05.

Turning Point Brands Inventory Turnover Historical Data

The historical data trend for Turning Point Brands's Inventory Turnover 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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Turning Point Brands Inventory Turnover Chart

Turning Point Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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2.77

2.74

2.62

2.02

1.85

Turning Point Brands Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															0.45	0.44	0.41	0.43	0.44

Turning Point Brands Inventory Turnover Calculation

Turning Point Brands's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	202.152	/ (	(119.915	+	98.96)	/	2 )
=	202.152	/	109.4375
=	1.85

Turning Point Brands's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	45.146	/ (	(98.96	+	105.467)	/	2 )
=	45.146	/	102.2135
=	0.44

Turning Point Brands (NYSE:TPB) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

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

Turning Point Brands's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	102.2135	/	45.146	*	365 / 4
	=	206.60

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.

Turning Point Brands's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	102.2135	/	97.058
	=	1.05

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Turning Point Brands Inventory Turnover Related Terms

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Turning Point Brands (Turning Point Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Tobacco Products » Turning Point Brands Inc (NYSE:TPB) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

0T5:Germany

Address

5201 Interchange Way, Louisville, KY, USA, 40229

Website

https://www.turningpointbrands.com

Turning Point Brands Inc operates as an independent provider of Other Tobacco Products (OTP) in the U.S. It offers a wide range of products across the OTP spectrum including moist snuff tobacco (MST), loose-leaf chewing tobacco, premium cigarette papers, make- your-own (MYO) cigar wraps, cigars, liquid vapor products, and tobacco vaporizer products. It operates in three segments namely Zig-Zag products; Stoker's products and NewGen products. The company generates maximum revenue from the Zig-Zag products segment.

Executives

Stephen Usher	director	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
David Edward Glazek	director, officer: Executive Chairman	767 FIFTH AVENUE 12TH FL, NEW YORK NY 10153
Graham Purdy	officer: President & CEO	12442 POPLAR WOOD DRIVE, GOSHEN KY 40026
Brittani Cushman	officer: Sr VP, General Counsel	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Luis Reformina	officer: Sr VP, CFO	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Rohith Reddy	director	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Zimmerman Arnold	director	925 PARK AVE, 2A, NEW YORK NY 10028
Assia Grazioli-venier	director	C/O MARQUEE RAINE ACQUISITION CORP., 65 EAST 55TH STREET, 24TH FLOOR, NEW YORK NY 10022
Ashley Davis Frushone	director	5201 INTERCHANGE WAY, LOUISVILLE KY 40229
Diao H.c. Charles	director	1775 TYSONS BOULEVARD, TYSONS VA 22102
Standard General L.p.	10 percent owner	767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Yavor Efremov	director	1 ALLIED DRIVE, SUITE 1705, LITTLE ROCK TX 72202
Lawrence Wexler	director, officer: President and CEO	393 CARTER STREET, NEW CANAAN CT 06840
Standard Diversified Inc.	10 percent owner	767 5TH AVENUE, 12TH FLOOR, NEW YORK NY 10153
Robert M. Lavan	officer: SVP and CFO	5201 INTERCHANGE WAY, LOUISVILLE KY 40229