Panache Beverage (Panache Beverage) Inventory Turnover : 0.56 (As of Jun. 2014)

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What is Panache Beverage 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. Panache Beverage's Cost of Goods Sold for the three months ended in Jun. 2014 was $0.49 Mil. Panache Beverage's Average Total Inventories for the quarter that ended in Jun. 2014 was $0.88 Mil. Panache Beverage's Inventory Turnover for the quarter that ended in Jun. 2014 was 0.56.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Panache Beverage's Days Inventory for the three months ended in Jun. 2014 was 163.17.

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. Panache Beverage's Inventory-to-Revenue for the quarter that ended in Jun. 2014 was 1.34.

Panache Beverage Inventory Turnover Historical Data

The historical data trend for Panache Beverage'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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Panache Beverage Inventory Turnover Chart

Panache Beverage Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Inventory Turnover

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5.13

20.86

31.08

4.17

Panache Beverage Quarterly Data
	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14
Inventory Turnover	Get a 7-Day Free Trial															9.83	0.62	0.56	0.52	0.56

Panache Beverage Inventory Turnover Calculation

Panache Beverage's Inventory Turnover for the fiscal year that ended in Dec. 2013 is calculated as

	Inventory Turnover (A: Dec. 2013 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2013 )	/ (	(Total Inventories (A: Dec. 2012 )	+	Total Inventories (A: Dec. 2013 ))	/	count )
=	2.537	/ (	(0.095	+	1.122)	/	2 )
=	2.537	/	0.6085
=	4.17

Panache Beverage's Inventory Turnover for the quarter that ended in Jun. 2014 is calculated as

	Inventory Turnover (Q: Jun. 2014 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jun. 2014 )	/ (	(Total Inventories (Q: Mar. 2014 )	+	Total Inventories (Q: Jun. 2014 ))	/	count )
=	0.491	/ (	(0.876	+	0.88)	/	2 )
=	0.491	/	0.878
=	0.56

Panache Beverage (GREY:WDKA) 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.

Panache Beverage's Days Inventory for the three months ended in Jun. 2014 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jun. 2014 )	/	Cost of Goods Sold (Q: Jun. 2014 )	*	Days in Period
	=	0.878	/	0.491	*	365 / 4
	=	163.17

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.

Panache Beverage's Inventory to Revenue for the quarter that ended in Jun. 2014 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jun. 2014 )	/	Revenue (Q: Jun. 2014 )
	=	0.878	/	0.656
	=	1.34

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.

Panache Beverage Inventory Turnover Related Terms

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Panache Beverage (Panache Beverage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Panache Beverage Inc (GREY:WDKA) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

3rd Floor, 150 Fifth Avenue, New York, NY, USA, 10010

Website

http://www.panachespirits.com

Panache Beverage Inc operates in the beverages industry in the United States. The company is engaged in manufacturing of vodka.

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