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Barfresh Food Group's total inventories for the quarter that ended in Dec. 2023 was $1.21 Mil. Barfresh Food Group's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $0.98 Mil.
In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Barfresh Food Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $0.06.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Barfresh Food Group's Days Inventory for the three months ended in Dec. 2023 was 69.93.
Inventory Turnover measures how fast the company turns over its inventory within a year. Barfresh Food Group's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.30.
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. Barfresh Food Group's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.51.
The historical data trend for Barfresh Food Group'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.
Barfresh Food Group Annual Data | |||||||||||||||||||||
Trend | Mar14 | Mar15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Total Inventories | Get a 7-Day Free Trial | 0.64 | 0.87 | 0.71 | 1.05 | 1.21 |
Barfresh Food Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Total Inventories | Get a 7-Day Free Trial | 1.05 | 1.06 | 0.97 | 0.75 | 1.21 |
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.
Barfresh Food Group (NAS:BRFH) 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.
Barfresh Food Group'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) | ||
= | (1.891 | + | 0.75 * 0.821 | + | 0.5 * 1.214 | - | 2.307 |
- | 0 | - | 0) | / | 14.4201 | ||
= | 0.06 |
2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Barfresh Food Group'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 |
= | 0.981 | / | 1.28 | * | 365 / 4 | |
= | 69.93 |
3. Inventory Turnover measures how fast the company turns over its inventory within a year.
Barfresh Food Group'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 ) |
= | 1.28 | / | 0.981 | |
= | 1.30 |
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.
Barfresh Food Group'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 ) |
= | 0.981 | / | 1.922 | |
= | 0.51 |
* 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.
Thank you for viewing the detailed overview of Barfresh Food Group's Total Inventories provided by GuruFocus.com. Please click on the following links to see related term pages.
Lisa Roger | officer: CHIEF FINANCIAL OFFICER | 3600 WILSHIRE BOULEVARD SUITE 1720, LOS ANGELES CA 90010 |
Lazarus Investment Partners Lllp | 10 percent owner | C/O IBEX INVESTORS LLC, 260 NORTH JOSEPHINE STREET, SUITE 300, DENVER CO 80206 |
Lazarus Macro Micro Partners Lllp | 10 percent owner | 260 N. JOSEPHINE STREET, SUITE 300, DENVER CO 80206 |
Joseph M. Cugine | director | 16859 CAMINETTO COURT, NAPLES, NAPLES FL 34110 |
Delle Coste Riccardo | director, 10 percent owner, officer: Chief Executive Officer | C/O BARFRESH FOOD GROUP, INC., 8530 WILSHIRE BOULEVARD, SUITE 450, BEVERLY HILLS CA 90211 |
Raffi Loussararian | officer: PRINCIPAL ACCOUNTING OFFICER | 3600 WILSHIRE BLVD, SUITE 1720, LOS ANGELES CA 90010 |
Lazarus Management Co Llc | 10 percent owner | 260 N. JOSEPHINE STREET, SUITE 300, DENVER CO 80206 |
Alice Elliot | director | C/O BARFRESH FOOD GROUP, INC., 8530 WILSHIRE BOULEVARD, SUITE 450, BEVERLY HILLS CA 90211 |
Isabelle Ortiz-cochet | director | 2 ALLEE DE LONGCHAMP, SURESNES I0 92150 |
Nibel | 10 percent owner | 2 ALLEE DE LONGCHAMP, SURESNES I0 92150 |
Bruno Schoch | director | 2 ALLEE DE LONGCHAMP, SURESNES I0 92150 |
Steven Lang | director, 10 percent owner | C/O BARFRESH FOOD GROUP, INC., 8530 WILSHIRE BOULEVARD, SUITE 450, BEVERLY HILLS CA 90211 |
Alexander H Ware | director | 4000 DAIN RAUSCHER PLAZA, 60 SOUTH SIXTH STREET, MINNEAPOLIS MN 55402 |
Joseph S. Tesoriero | officer: Chief Financial Officer | C/O BARFRESH FOOD GROUP, INC., 8530 WILSHIRE BOULEVARD, SUITE 450, BEVERLY HILLS CA 90211 |
Arnold Tinter | director, officer: CFO, Secretary | 8530 WILSHIRE BLVD, SUITE 450, BEVERLY HILLS CA 90211 |
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