Pacific Ventures Group (Pacific Ventures Group) Days Inventory : 17.60 (As of Sep. 2023)

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What is Pacific Ventures Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Pacific Ventures Group's Average Total Inventories for the three months ended in Sep. 2023 was $1.27 Mil. Pacific Ventures Group's Cost of Goods Sold for the three months ended in Sep. 2023 was $6.57 Mil. Hence, Pacific Ventures Group's Days Inventory for the three months ended in Sep. 2023 was 17.60.

The historical rank and industry rank for Pacific Ventures Group's Days Inventory or its related term are showing as below:

PACV' s Days Inventory Range Over the Past 10 Years
Min: 12.07 Med: 30.14 Max: 365
Current: 15.92

During the past 13 years, Pacific Ventures Group's highest Days Inventory was 365.00. The lowest was 12.07. And the median was 30.14.

PACV's Days Inventory is ranked better than
83.83% of 303 companies
in the Retail - Defensive industry
Industry Median: 36.41 vs PACV: 15.92

Pacific Ventures Group's Days Inventory declined from Sep. 2022 (17.74) to Sep. 2023 (17.60).

Inventory Turnover measures how fast the company turns over its inventory within a year. Pacific Ventures Group's Inventory Turnover for the three months ended in Sep. 2023 was 5.18.

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. Pacific Ventures Group's Inventory-to-Revenue for the three months ended in Sep. 2023 was 0.17.

Pacific Ventures Group Days Inventory Historical Data

The historical data trend for Pacific Ventures Group'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.

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Pacific Ventures Group Days Inventory Chart

Pacific Ventures Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Inventory

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24.56

35.71

13.92

12.83

12.07

Pacific Ventures Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Inventory	Get a 7-Day Free Trial															17.74	12.95	14.77	16.50	17.60

Competitive Comparison of Pacific Ventures Group's Days Inventory

For the Food Distribution subindustry, Pacific Ventures Group'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.

Pacific Ventures Group's Days Inventory Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Pacific Ventures Group's Days Inventory distribution charts can be found below:

* The bar in red indicates where Pacific Ventures Group's Days Inventory falls into.

Pacific Ventures Group Days Inventory Calculation

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

Pacific Ventures Group's Days Inventory for the fiscal year that ended in Dec. 2022 is calculated as

	Days Inventory (A: Dec. 2022 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1.393	+	0.899)	/	2 )	/	34.655	*	365
=	1.146					/	34.655	*	365
=	12.07

Pacific Ventures Group's Days Inventory for the quarter that ended in Sep. 2023 is calculated as:

	Days Inventory (Q: Sep. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.176	+	1.36)	/	2 )	/	6.574	*	365 / 4
=	1.268					/	6.574	*	365 / 4
=	17.60

Pacific Ventures Group (OTCPK:PACV) 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.

Pacific Ventures Group's Inventory Turnover for the three months ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	6.574	/	1.268
	=	5.18

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.

Pacific Ventures Group's Inventory to Revenue for the three months ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	1.268	/	7.497
	=	0.17

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.

Pacific Ventures Group Days Inventory Related Terms

Thank you for viewing the detailed overview of Pacific Ventures Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Pacific Ventures Group (Pacific Ventures Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Pacific Ventures Group Inc (OTCPK:PACV) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

117 West 9th Street, Suite 316, Los Angeles, CA, USA, 90015

Website

https://www.pacvgroup.com

Pacific Ventures Group Inc is focused on expansion within the consumer products, food, beverage, and alcohol-related industries. Its customers range from a wide variety of restaurants, including many well-known in Southern CA, to institutions, schools, and re-distributors such as U.S. Foods and Sysco as well as to local distributors. It supplies wholesale food and restaurant supplies to San Diego, Los Angeles, Orange, and Riverside and offers same-day service. In addition, it has clients in Arizona and Colorado that come to its facility to pick up their orders.

Executives

Shannon Masjedi	director, 10 percent owner, officer: PRESIDENT, COO, AND SECRETARY	117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Marc Shenkman	director, officer: EXECUTIVE VICE PRESIDENT	117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Robert Emmitt Smith	director, officer: CHAIRMAN OF THE BOARD & CEO	117 WEST 9TH STREET, SUITE 316, LOS ANGELES CA 90015
Kent R. Sumner	10 percent owner	1248 BATEMAN PONDS WAY, WEST JORDAN UT 84084
Marion Philip Guthrie	10 percent owner	THREE LINCOLN CENTRE, 5430 LBJ FWY., SUITE 1480, DALLAS TX 75240
Kip Eardley	director, 10 percent owner, officer: President & Secretary	P.O. BOX 901658, SANDY UT 84090