Boston Beer Co (Boston Beer Co) Total Inventories

: $116 Mil (As of Dec. 2023)

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Boston Beer Co's total inventories for the quarter that ended in Dec. 2023 was $116 Mil. Boston Beer Co's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $132 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Boston Beer Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $4.51.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Boston Beer Co's Days Inventory for the three months ended in Dec. 2023 was 49.03.

Inventory Turnover measures how fast the company turns over its inventory within a year. Boston Beer Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.86.

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. Boston Beer Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.34.

Boston Beer Co Total Inventories Historical Data

The historical data trend for Boston Beer Co'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.

Boston Beer Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

106.04

130.91

149.12

148.45

115.77

Boston Beer Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Total Inventories																148.45	150.76	155.70	148.40	115.77

Boston Beer Co 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.

Boston Beer Co (NYSE:SAM) 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.

Boston Beer Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(298.491	+	0.75 * 66.997	+	0.5 * 115.773	-	352.064
-	0	-	0)	/	12.1013
=	4.51

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

Boston Beer Co's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	132.0875	/	245.826	*	365 / 4
	=	49.03

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

Boston Beer Co's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	245.826	/	132.0875
	=	1.86

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.

Boston Beer Co's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	132.0875	/	393.722
	=	0.34

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.

Boston Beer Co Total Inventories Related Terms

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Boston Beer Co (Boston Beer Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Boston Beer Co Inc (NYSE:SAM) » Definitions » Total Inventories

Traded in Other Exchanges

SAM:Mexico BBEA:Germany

Address

One Design Center Place, Suite 850, Boston, MA, USA, 02210

Website

https://www.bostonbeer.com

Boston Beer is a top player in high-end malt beverages and adjacent categories in the U.S., with strong positions in craft beer, flavored malt beverage, hard cider, and hard seltzer. The bulk of volume and revenue is concentrated in four brands, including Samuel Adams, Angry Orchard, Twisted Tea, and Truly Hard Seltzer. Beverages are produced using a hybrid model leveraging both in-house capacities and third-party breweries through contract arrangements. While the firm is required to use distributors to reach end markets including retailers and on-premises operators, it also employs 500 internal sales representatives to educate the market about its products. The firm generates over 95% of sales in the U.S.

Executives

Carolyn L. O'boyle	officer: Chief People Officer	THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
Diego Reynoso	officer: CFO and Treasurer	7078 SHADY OAK ROAD, EDEN PRAIRIE MN 55344
Calagione Samuel A. Iii	officer: Founder & Brewer, Dogfish Head	THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
John C Geist	officer: VP of Sales	ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Cynthia Swanson	director	1529 OAK STREET, SARASOTA FL 34236
David A Burwick	director	32 AUTUMN LANE, NEW CANAAN CT 06840
Philip A. Hodges	officer: Chief Supply Chain Officer	THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210
Matthew Donal Murphy	officer: CAO & Interim CFO	THE BOSTON BEER COMPANY, ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Annette N Fritsch	officer: VP of Product Design and R&D	THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PLACE, SUITE 850, BOSTON 2J 02210
David L. Grinnell	officer: Vice President of Brewing	THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PLACE, STE. 850, BOSTON MA 02170
Quincy B Troupe	officer: Senior VP, Supply Chain	C/O THE BOSTON BEER COMPANY, 1 DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
C James Koch	director, 10 percent owner, officer: Chairman	C/O THE BOSTON BEER COMPANY, ONE DESIGN CENTER PLACE, SUITE 850, BOSTON MA 02210
Jean Michel Valette	director	28 MAPLE AVE, KENTFIELD CT 06897
Cynthia A Fisher	director	186 PARK STREET, NEWTON MA 02458
Tara L. Heath	officer: Vice President, Legal	THE BOSTON BEER COMPANY, INC., 1 DESIGN CENTER PL., STE. 850, BOSTON MA 02210