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Titan Environmental Solutions (Titan Environmental Solutions) Total Inventories : $0.22 Mil (As of Mar. 2024)


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What is Titan Environmental Solutions Total Inventories?

Titan Environmental Solutions's total inventories for the quarter that ended in Mar. 2024 was $0.22 Mil. Titan Environmental Solutions's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $0.18 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Titan Environmental Solutions's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-0.72.

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 three months 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 Total Inventories Historical Data

The historical data trend for Titan Environmental Solutions's Total Inventories 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.

* Premium members only.

Titan Environmental Solutions Total Inventories Chart

Titan Environmental Solutions Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial - - - - 0.15

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
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.36 0.46 0.35 0.15 0.22

Titan Environmental Solutions Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


Titan Environmental Solutions  (OTCPK:TESI) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Titan Environmental Solutions's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(0.003+0.75 * 0.935+0.5 * 0.22-19.217
-0-0)/25.3868
=-0.72

2. 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 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
=0.1825/1.623*365 / 4
=10.26

3. 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 (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=1.623 / 0.1825
=8.89

4. 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 (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=0.1825 / 1.756
=0.10

* 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

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Titan Environmental Solutions Total Inventories Related Terms

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Titan Environmental Solutions (Titan Environmental Solutions) Business Description

Traded in Other Exchanges
N/A
Address
14205 SE 36th Street, Suite 100, Bellevue, WA, USA, 98006
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