NewAge (NewAge) Days Inventory : 126.54 (As of Sep. 2021)

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What is NewAge Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). NewAge's Average Total Inventories for the three months ended in Sep. 2021 was $46.5 Mil. NewAge's Cost of Goods Sold for the three months ended in Sep. 2021 was $33.6 Mil. Hence, NewAge's Days Inventory for the three months ended in Sep. 2021 was 126.54.

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

NBEVQ's Days Inventory is not ranked ^*
in the Beverages - Non-Alcoholic industry.
Industry Median: 66.165
* Ranked among companies with meaningful Days Inventory only.

NewAge's Days Inventory increased from Sep. 2020 (116.74) to Sep. 2021 (126.54). It might indicate that NewAge's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. NewAge's Inventory Turnover for the three months ended in Sep. 2021 was 0.72.

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. NewAge's Inventory-to-Revenue for the three months ended in Sep. 2021 was 0.47.

NewAge Days Inventory Historical Data

The historical data trend for NewAge'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.

* Premium members only.

NewAge Days Inventory Chart

NewAge Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Inventory

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43.20

52.58

188.14

133.47

151.70

NewAge Quarterly Data
	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21
Days Inventory	Get a 7-Day Free Trial															116.74	119.45	108.92	98.82	126.54

Competitive Comparison of NewAge's Days Inventory

For the Beverages - Non-Alcoholic subindustry, NewAge'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.

NewAge's Days Inventory Distribution in the Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, NewAge's Days Inventory distribution charts can be found below:

* The bar in red indicates where NewAge's Days Inventory falls into.

NewAge Days Inventory Calculation

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

NewAge's Days Inventory for the fiscal year that ended in Dec. 2020 is calculated as

	Days Inventory (A: Dec. 2020 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2019 )	+	Total Inventories (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (36.718	+	48.051)	/	2 )	/	101.982	*	365
=	42.3845					/	101.982	*	365
=	151.70

NewAge's Days Inventory for the quarter that ended in Sep. 2021 is calculated as:

	Days Inventory (Q: Sep. 2021 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2021 )	+	Total Inventories (Q: Sep. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2021 )	*	Days in Period
=	( (44.219	+	48.876)	/	2 )	/	33.567	*	365 / 4
=	46.5475					/	33.567	*	365 / 4
=	126.54

NewAge (OTCPK:NBEVQ) 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.

NewAge's Inventory Turnover for the three months ended in Sep. 2021 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	33.567	/	46.5475
	=	0.72

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.

NewAge's Inventory to Revenue for the three months ended in Sep. 2021 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	46.5475	/	99.553
	=	0.47

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.

NewAge Days Inventory Related Terms

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

NewAge (NewAge) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Non-Alcoholic » NewAge Inc (OTCPK:NBEVQ) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

2420 17th Street, Suite 220, Denver, CO, USA, 80202

Website

http://www.newage.com

NewAge Inc is engaged in the business of developing, marketing, selling, and distributing a portfolio of healthy products sold primarily through a direct to customer business model using a team of brand partners and distributors to help market and sell the portfolio of brands. Its Direct/Social Selling segment is engaged in the development, manufacturing, and marketing of a portfolio of healthy products in three core category platforms including health and wellness, healthy appearance, and nutritional performance all sold primarily via e-commerce and through a direct route to market. It has a business presence in the US, Japan, China and other countries.

Executives

Michele Crocker	director	7158 FLSMIDTH DRIVE, SUITE 250 MIDVALE UT 84047
Judith Lynne Hammerschmidt	director	3511 CAMBRIDGE ROAD, DURHAM 1W 27707-4509
Ed Brennan	director	3018 WEST LAKE ROAD SKANEATELES NY 13152
Kevin Manion	officer: Chief Financial Officer	1141 CUMMINGS ROAD, SANTA PAULA CA 93060
Fred W Cooper	director	3838 W PARKWAY BLVD, C/O USANA HEALTH SCIENCES INC, SALT LAKE CITY UT 84120
Reginald Kapteyn	director	16325 WEST WILLOW DRIVE SPRING LAKE MI 49456
Amy L. Kuzdowicz	director	2376 TALL OAKS DRIVE TROY MI 48098
Gregory Fea	director	1700 EAST 68TH AVENUE DENVER CO 80229
David Vanderveen	officer: Chief Operating Officer	2420 17TH STREET, SUITE 220 DENVER CO 80202
Alicia Syrett	director	2420 17TH STREET, SUITE 220, DENVER CO 80202
Timothy J Haas	director	ONE COCA COLA PLAZA ATLANTA GA 30313
Julie Garlikov	officer: Chief Marketing Officer	2420 17TH STREET, SUITE 220, DENVER CO 80202
Brent D Willis	director, officer: CEO	4211 W BOY SCOUT BLVD, SUITE 290, TAMPA FL 33607
Gregory A Gould	officer: CFO	1111 MAIN STREET, SUITE 660, VANCOUVER WA 98660
Richard C Rife	officer: See Remarks	1903 N HEATHER DRIVE OREM UT 84097